i-80 Gold Completes Upsized Public Offering “`

7882c160e72a1c370a7d5c7893b8c6b6 i-80 Gold Closes Previously Announced Upsized Prospectus Offering

This press release is designated as such per the Company’s prospectus supplement dated August 12, 2024, supplementing its short form base shelf prospectus dated June 21, 2024

RENO, Nev.  , Jan. 31, 2025 i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) (“i-80”, or the “Company”) announces the closing of its previously announced prospectus offering. This offering consisted of 28,212,593 common shares (the “Offered Shares“) at C$0.80 per share, resulting in gross proceeds of approximately C$22,570,074 (the “Offering“).

i-80 Gold Corp logo (CNW Group/i-80 Gold Corp)

The Offered Shares were offered throughout Canada (excluding Québec) under a prospectus supplement dated January 27, 2025 (the “Prospectus Supplement“) supplementing its short form base shelf prospectus filed on June 21, 2024 (the “Shelf Prospectus“). The offering also took place in the United States under the Company’s U.S. registration statement on Form F-10 (Registration No. 333-279567), which includes the Shelf Prospectus and was declared effective by the U.S. Securities and Exchange Commission on June 25, 2024. Copies of the Prospectus Supplement and the Shelf Prospectus are available electronically on SEDAR+ at and on EDGAR at .

The Company expects its concurrently announced private placement to certain directors and officers (as described in its January 27, 2025 news release) to close in the first week of February 2025, pending regulatory approvals, including those from the Toronto Stock Exchange and the NYSE American.

This release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under applicable securities laws.

About i-80 Gold Corp.

i-80 Gold Corp. is a Nevada-focused mining company holding the state’s third-largest gold mineral resources. Its ongoing recapitalization plan aims to unlock the value of its high-grade gold deposits, establishing it as a mid-tier Nevada gold producer. i-80 Gold’s common shares trade on the TSX and NYSE American under the symbols IAU:TSX and IAUX:NYSE. More information on i-80 Gold’s assets and growth strategy is available at or via email at .

FORWARD LOOKING INFORMATION

This release includes “forward-looking statements” under applicable securities laws. These statements, which include the Company’s ability to meet closing conditions and complete the private placement on schedule; obtain necessary approvals; and execute other future plans, involve known and unknown risks and uncertainties. Actual results may differ materially. Such statements can be identified by words such as “may,” “would,” “could,” “will,” “intend,” “expect,” “believe,” “plan,” “anticipate,” “estimate,” “scheduled,” “forecast,” and “predict,” or similar terminology. These statements reflect the Company’s current expectations and speak only as of the date of this release.

Forward-looking statements involve significant risks and uncertainties and should not be considered guarantees of future performance. Factors that could cause actual results to differ materially include: adverse changes; unexpected changes in laws or their enforcement; contract defaults; social or labor unrest; commodity price fluctuations; and exploration program failures. For a more detailed discussion of risks, please refer to i-80’s filings with Canadian securities regulators, including its most recent Annual Information Form, available on SEDAR+ at .

SOURCE i-80 Gold Corp

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