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To: LoneClone who wrote (165271)	5/9/2022 5:20:51 PM
From: LoneClone	Read Replies (1) \| Respond to of 192593

i-80 Gold to Expand Granite Creek Property with Key Land Acquisition Extends exposure along primary mine structure by more than 3 km i80gold.com Download Press Release Reno, Nevada, May 9, 2022 – i-80 GOLD CORP. (TSX:IAU) (OTCQX:IAUCF) (“i-80”, or the “Company”) is pleased to announce that it has entered into an agreement to acquire strategic land sections adjoining the Company’s Granite Creek Property (“Granite Creek” or “the Property”) located in Humboldt County, Nevada from Nevada Gold Mines LLC (“NGM”). The new property includes unpatented claims in Section 6, T. 37 N., R. 42 E. and surface and mineral rights for Section 21, T. 38 N., R. 42 E. The new property sections provide i-80 with approximately 3.2 kilometres of additional exposure along the Getchell/Range Front fault structure that is intimately associated with the Granite Creek and Turquoise Ridge gold deposits (See Figure 1). Importantly, the property section to the north of Granite Creek is immediately on-strike with the recently discovered South Pacific Zone where high-grade mineralization is being defined along strike to the north of the Company’s Granite Creek Mine (see press releases dated November 16, 2021, and February 2, April 20 and May 3, 2022). Highlights of this property purchase include: Increases the size of i-80’s Granite Creek Property package by approximately 1,280 acres (518 Ha) Extends exposure approximately 1.6 km north towards NGM’s Turquoise Ridge Mine, and 1.6 km south of Granite Creek along the favourable Getchell/Range Front fault structure Provides a 100% interest in the potential northern extension of the South Pacific Zone where recent drilling has identified significant high-grade mineralization including: 16.3 g/t Au over 7.1 m in hole iGS21-03 14.7 g/t Au over 10.2 m in hole iGS21-04 17.2 g/t Au over 3.8 m and 22.0 g/t Au over 3.4 m in hole iGS21-07 25.5 g/t Au over 5.5 m in hole iGS21-11 11.0 g/t Au over 9.1 m in hole iGS21-12 16.3 g/t Au over 15.7 m in hole iGS21-18 15.3 g/t Au over 10.5 m in hole iGS21-19 The properties include surface and mining rights. Total consideration for the purchase of the property sections consists of a cash payment of $4 million and the inclusion of the acquired sections into the existing 10% Net Profits Royalty (“NPI”) that NGM currently holds on the existing Property. Barrick Gold Corporation will also retain a 0.5% NSR on the new property sections. i-80 is currently completing a surface and underground drill program with multiple drills at Granite Creek that is expected to consist of approximately 30,000 metres of drilling. The program has been very successful in confirming the significant upside opportunity at Granite Creek both proximal to the underground mine workings including the expansion of mineralization along strike and at depth where the deposit remains open. The South Pacific Zone is one of the primary targets of the 2022 program and future drilling will continue to step-out to the north towards the newly acquired property. “Granite Creek is the first of four properties that i-80 is advancing towards production over the next several years, and where mining has recently commenced”, stated Matt Gollat, Executive Vice-President of i-80 Gold. “Given the substantial success of our ongoing drill program in expanding mineralization, increasing our property holdings is extremely important in providing significant exposure to potential upside both to the north and south of our current property.” Figure 1 – Surface Plan of the Granite Creek Property (new Properties in white) High-grade mineralization at Granite Creek occurs in a near-identical geological setting to that of Nevada Gold Mines’ (“NGM”), multi-million-ounce Turquoise Ridge Mine that is located immediately to the north (see Figure 1); proximal to a major regional fault (the Getchell or Range Front fault) on the eastern edge of the large Osgood Mountains intrusive complex. The Granite Creek deposit remains open at depth and along strike from the existing underground workings. Investor Day Webcast & Conference Call – May 10, 2022 The Company will host an Investor Day presentation in person at the Toronto Board of Trade on May 10, 2022, commencing at 4:30 pm EDT, providing the opportunity for analysts and investors to ask questions of i-80 Gold’s executive team. A live conference call and webcast will also be available to those that are unable to attend in person. Details of the conference call and webcast can be found below. Conference Call North American Toll-free: 1-888-204-4368 Confirmation #: 3896886 Webcast Link Click HERE to access the webcast or visit our website at www.i80gold.com. Conference Call Replay A recording of the call can be accessed until May 17, 2022. North American Toll-free Replay: 1-888-203-1112 Replay Code: 3896886 Qualified Person The scientific and technical information contained in this press release was reviewed by Tim George, PE, Mine Operations Manager of i-80 Gold and a Qualified Person within the meaning of National Instrument 43-101. About i-80 Gold Corp. i-80 Gold Corp. is a well-financed, Nevada-focused, mining company with a goal of achieving mid-tier gold producer status through the development of multiple deposits within the Company’s advanced-stage property portfolio. For further information, please contact: Ewan Downie – CEO Matt Gili – President & COO Matthew Gollat – EVP Business & Corporate Development 1.866.525.6450 Info@i80gold.com www.i80gold.com