Granite Creek Underground PEA: after-tax NPV $155M at $2,175/oz; debenture amended, insider placement closed

i-80 Gold Corp.

Granite Creek Underground PEA: after-tax NPV (5%) $155M at $2,175/oz gold, 84% IRR; 8-year life, avg 52,200 oz/yr.
Updated M&I resource: 261,000 oz at 10.5 g/t; inferred 326,000 oz at 13.0 g/t (drill data through 2022).
Convertible debenture amended: conversion price set at 85% of 5-day VWAP; Company can redeem at 104% of principal.
Insider private placement closed: 997,871 shares at C$0.80 for gross proceeds of ~C$798,297.

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