Integra Resources Long-Term Equity Incentives Aligned with Development Timeline

• Integra Resources granted 1,323,308 options at C$3.53, 862,669 restricted share units (RSUs), and 142,275 deferred share units (DSUs) to employees, executives, directors, and consultants, all subject to vesting provisions.
• The awards map onto a defined milestone runway from the Third Quarter of 2026 through late 2027, spanning a Florida Canyon technical report update, DeLamar's NEPA permitting process, and a Nevada North pre-feasibility study.
• Florida Canyon, the sole producing asset, carries 2026 production guidance of 70,000 to 75,000 ounces of gold, with a self-funding strategy directing operating cash flow toward DeLamar and Nevada North development.
• DeLamar's early works are funded through a US$61 million February 2026 bought deal, with the project projecting a Year 1 to 5 average of approximately 119,000 gold-equivalent ounces and Nevada North projecting a life-of-mine average of approximately 80,000 gold-equivalent ounces.
• Five-year option expiry terms tie management's compensation outcomes directly to share price performance, aligning executive incentives with the company's target valuation re-rating relative to junior producer peers.

Incentive Structure Tied to Multi-Year Project Milestones

Integra Resources Corp. (TSXV: ITR | NYSE American: ITRG), a precious metals producer operating in the Great Basin of the western United States, has granted annual equity incentive awards to employees, executives, directors, and consultants, tying long-term compensation to a milestone sequence spanning Florida Canyon's 2026 technical report update, DeLamar's NEPA permitting process, and a Nevada North pre-feasibility study, with option value contingent on share price performance above C$3.53 over a five-year window.

The company granted a total of 1,323,308 options, 862,669 restricted share units (RSUs), and 142,275 deferred share units (DSUs), collectively the "Equity Incentive Awards," under its Amended and Restated Equity Incentive Plan. The options carry an exercise price of C$3.53 per share and will expire five years from the date of grant. All awards are subject to vesting provisions.

The timing of the awards positions management compensation against a defined multi-year runway, with key operational and regulatory milestones targeting delivery between the Third Quarter of 2026 and the Third Quarter of 2027.

A Three-Asset Platform in Sequential Development

Integra's portfolio spans three assets at different stages of the development curve. Florida Canyon, a heap leach gold mine in Nevada, is the company's sole operating asset and primary cash flow source. DeLamar, located in southwestern Idaho, is an advanced development project entering the federal permitting phase. Nevada North, also in Nevada, is an earlier-stage asset currently at the preliminary economic assessment (PEA) stage, advancing toward pre-feasibility.

Successful sequencing of all three assets would layer DeLamar's projected Year 1 to 5 average of approximately 119,000 gold-equivalent ounces and Nevada North's projected life-of-mine average of approximately 80,000 gold-equivalent ounces onto Florida Canyon's current output, subject to permitting and construction execution.

Development Milestones Underpinning Incentive Structure

The vesting structure of the Equity Incentive Awards is set against a timeline with several defined near-term inflection points.

By the Third Quarter of 2026, Integra targets delivery of an updated technical report and LOM plan for Florida Canyon, incorporating ongoing optimization studies and growth drilling. Also in 2026, the company is targeting initiation of the 15-month federal National Environmental Policy Act (NEPA) permitting process for DeLamar, with a target Record of Decision (ROD) in the Third Quarter of 2027. Integra is targeting commencement of the Nevada North PFS in the latter part of 2026, with an announcement expected in the First Half of 2027.

Florida Canyon: Funding the Pipeline

Florida Canyon anchors the company's self-funding strategy. Production guidance for 2026 is set at 70,000 to 75,000 ounces of gold, with a projected increase to 80,000 to 90,000 ounces for 2027 and 2028 as capital reinvestment takes effect.

To support that ramp, Integra is allocating US$62.0 million to US$68.0 million in sustaining capital in 2026, directed toward heap leach pad expansion, fleet revitalization, and waste stripping, alongside US$7.5 million to US$9.5 million in growth capital.

Operating cash flow from Florida Canyon is the designated primary funding source for DeLamar and Nevada North development costs not covered by the US$61 million February 2026 bought deal.

DeLamar & the February 2026 Financing

DeLamar's early works phase is separately funded through a US$61 million bought deal financing completed in February 2026. Management has allocated a portion of those proceeds across three categories: approximately US$16.0 million for early works construction in 2026 and approximately US$4.5 million in 2027, approximately US$12.0 million for procurement in 2026 and US$12.5 million in 2027, and US$12.5 million for strategic land acquisition.

Valuation Context & Market Re-rating Target

Integra has cited a trading multiple discount relative to junior producer peers as a factor informing its capital markets strategy. The company's stated pathway to a valuation re-rating includes meeting Florida Canyon's 70,000 to 75,000 ounces 2026 production guidance, obtaining DeLamar's ROD by the Third Quarter of 2027, and achieving index inclusion milestones such as GDXJ.

The structure of the Equity Incentive Awards, with five-year option expiry dates and vesting conditions, means the compensation outcomes for management and directors are substantially tied to whether those milestones translate into share price appreciation over that window.

Governance & Alignment

The use of RSUs, DSUs, and stock options as a combined incentive structure reflects a tiered approach to retention and performance alignment. RSUs and DSUs deliver retention value independent of near-term share price movement, while the C$3.53 option strike creates a defined performance threshold above which option holders participate in share price appreciation.

President, Chief Executive Officer and Director George Salamis signed off on the announcement on behalf of the board. The awards were granted to a broad group including employees, executives, directors, and consultants, indicating company-wide participation in the long-term compensation framework.

Outlook: Incentives Aligned with Development Catalysts

With Florida Canyon generating near-term cash flow, DeLamar entering its most capital-intensive pre-construction phase, and Nevada North advancing toward pre-feasibility, the Equity Incentive Awards issued in late March 2026 denominate management's compensation upside in share price performance above C$3.53, contingent on execution across Florida Canyon production, DeLamar permitting, and Nevada North pre-feasibility delivery through 2027.