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Intrepid Metals Corp. — Board/Management Information 2026
Apr 1, 2026
44089_rns_2026-04-01_062b6315-cd1e-40db-8039-49e723426a44.pdf
Board/Management Information
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Form 51-102F3
Material Change Report
Item 1. Name and Address of Reporting Issuer
Intrepid Metals Corp.
(the “Company” or “Intrepid”)
Suite 2400, 1055 West Georgia Street
Vancouver, B.C. V6E 3P3
Item 2. Date of Material Change
March 30, 2026
Item 3. News Release
News release announcing the material change referred to in this report was issued through Newsfile on March 30, 2026 and a copy is filed on SEDAR+.
Item 4. Summary of Material Change
The Company announced a leadership transition.
Item 5.1 Full Description of Material Change
Mr. Mark J. Morabito, Founder of the Company and its Chairman and Chief Executive Officer, will step down from his roles. Mr. Morabito will be succeeded by Mr. Matt Lennox-King, who will join the Board of Directors and assume the role of Interim Chief Executive Officer and Chairman. The Company also announces the appointment of Mr. Dan Barnholden to its Board of Directors.
Mr. Lennox-King brings over 30 years of experience in mineral exploration, corporate development and capital markets, with a track record of advancing projects and leading publicly listed companies.
Mr. Barnholden is currently Chief Executive Officer of Luca Mining Corp. and has over 20 years of experience in investment banking and capital markets.
Mr. Morabito will continue to support the Company as a strategic advisor to the Board and management team.
The Company also announces the granting of an aggregate of 1 million incentive stock options at an exercise price of $0.49, exercisable for a period of 5 years and vesting quarterly over a 12 month period.
Item 5.2 Disclosure for Restructuring Transactions
Not Applicable.
Item 6. Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
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Item 7. Omitted Information
No information has been omitted on the basis that it is confidential information.
Item 8. Executive Officer
The name and business telephone number of an officer who is knowledgeable about the material change and this report is as follows:
Sheila Paine, Corporate Secretary
Phone: (604) 562-8690
Item 9. Date of Report
April 1, 2026
.