i-80 Gold Reports High-Grade Polymetallic Resource At FAD Project And Significant Lead-Zinc Potential

i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) ("i-80 Gold" or the "Company") is pleased to announce the results of a mineral resource update prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects for its FAD Project ("FAD" or the "Project"), which confirms the presence of high-grade gold, silver, lead and zinc mineralization. The Project is a non-core asset located on the FAD Property (the "Property"), immediately south of i-80 Gold's Ruby Hill Property along the southeastern extent of the highly prolific Battle Mountain-Eureka Trend in northeastern Nevada, USA (see Figure 1 in Appendix).

Highlights

• Indicated Mineral Resource Estimate of 594 kt at 4.51 g/t Au, 209.7 g/t Ag, 4.34% Pb, and 6.77% Zn containing 86 koz Au, 4.0 Moz Ag, 57 Mlb Pb, and 89 Mlb Zn
  
  
  
   
• Inferred Mineral Resource Estimate of 2,736 kt at 5.07 g/t Au, 188.6 g/t Ag, 3.69% Pb, and 4.42% Zn containing 446 koz Au, 16.6 Moz Ag, 223 Mlb Pb, and 267 Mlb Zn
  
  
  
   
• At spot commodity prices, there is approximately 7,360 kt containing 895 koz Au, 31 Mlb Ag, 407 Mlb Pb, and 678 Mlb Zn
  
  
  
   
• High-grade polymetallic asset with attractive net smelter returns of approximately $430/t and $442/t in the indicated and inferred mineral resource categories, respectively.
  
  
  
   
• Analysis of two metallurgical composites from FAD sulfide material indicates critical metals such as gallium, indium, antimony, and tin are present in the zinc concentrate with average grades of 126.0 g/t Ga, 122.5 g/t In, 324.0 g/t Sb, and 759.5 g/t Sn, respectively, providing further upside from a metallurgical and permitting standpoint.
  
  
  
   
• At surface, oxide gold mineralization present at the Gold Hill target on the Property.