i-80 Gold Closes Gold Prepayment Facility for up to $250 Million; Completes Recapitalization Establishing a Fully Funded Development Plan

All amounts referenced herein are expressed in United States dollars unless otherwise stated.

TORONTO, March 24, 2026 /PRNewswire/ – i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) („i-80 Gold“ or the „Company“) is pleased to announce the closing of its previously announced gold prepayment facility (the „Gold Prepay Facility“) with National Bank of Canada and Macquarie Bank Limited. The Gold Prepay Facility includes an initial advance of $150 million and a $100 million accordion feature. With the closing of the Gold Prepay Facility, the Company has successfully completed its recapitalization plan. Through a combination of financing arrangements, i-80 Gold has raised over $1 billion in capital⁽¹⁾, which is expected to fully fund the development plan through Phase 1 and Phase 2, with a path to funding Phase 3⁽²⁾ (see Figure in Appendix).

„We are pleased to announce the closing of the Gold Prepay Facility, marking the final step in achieving our recapitalization goals and a major turning point for i-80 Gold,“ said Richard Young, President & CEO. „We believe this significantly derisks the Company and positions us to fully finance our growth plans, financing five gold projects and the Lone Tree centralized autoclave processing facility. With the financing now complete, we are fully focused on executing on our industry-leading project pipeline in Nevada and delivering significant value to all our stakeholders.“

Gold Prepay Facility

With the closing of the Gold Prepay Facility, the Company received $150 million in initial funding and has the obligation to deliver 39,978 ounces of gold over a 30-month period beginning in January 2028. The accordion feature provides access to an additional $100 million for a 24-month period from closing, subject to customary conditions and lender approval. The Company anticipates executing the accordion feature in the first half of 2027, at which point the number of additional gold ounces to be delivered will be determined.