i-80 Gold CEO Increases Share Ownership to More than 5 Million Shares

i-80 Gold Corp. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") notes that that its CEO, Ewan Downie has reported on System for Electronic Disclosure by Insiders (SEDI) recent purchases of common shares of the Company through open market purchases on the Toronto Stock Exchange to increase his share ownership to 5,000,027 or 2.09%.

Since the Company commenced trading on April 14, 2021 , Mr. Downie has purchased more than 1.4 million shares of i-80 to reach an ownership milestone rarely held by executives of publicly traded companies in the mining sector.

"Since the inception of the Company less than one year ago, we have closed multiple major transactions that position i-80 as one of the largest holders of gold and silver resources in Nevada ", stated Ewan Downie , Chief Executive Officer of i-80. "We have secured a strong balance sheet including nearly US$200 Million in cash and cash equivalents following funding of the previously announced financing package and have embarked on a peer-best production growth initiative in the world's most favorable mining jurisdiction".

About i-80 Gold Corp.

i-80 Gold Corp. is a well-financed, Nevada -focused, mining company with a goal of achieving mid-tier gold producer status through the development of four new open pit and underground mining operations that will ultimately process ore at the Company's centrally located Lone Tree complex that includes an Autoclave.

www.i80gold.com

Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, commencement of trading of i-80 Gold on the Toronto Stock Exchange and completion of the acquisition of the Getchell Project. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.

Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.

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SOURCE i-80 Gold Corp

View original content to download multimedia: https://www.newswire.ca/en/releases/archive/January2022/10/c8993.html

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i-80 Gold Awards Contract for Lone Tree Autoclave Engineering Study

Bolsters Nevada Operation Team with Multiple Key Hires

i-80 Gold Corp. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to announce it has awarded the engineering study for restart of the Lone Tree autoclave to Hatch Ltd. The study will complete a Pre-Feasibility Study ("PFS") level mechanical and operational review of all aspects necessary for the restart of the Company's autoclave processing facility located in northern Nevada. Additionally, as a part of its comprehensive plan to create a Nevada focused gold mining company, i-80 has recently filled multiple key positions continuing to build a tier-one operations team.

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i-80 Gold Announces C$12,576,000 Top-Up Subscription by Equinox Gold

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES /

i-80 Gold Corp. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to confirm that Equinox Gold Corp. (" Equinox ") has exercised its right under the support agreement (the " Agreement ") dated April 7, 2021 between the Company and Equinox to defend its pro rata ownership of i-80 shares on a partially-diluted basis following the recent issuance of shares by the Company in connection with the acquisitions of the Lone Tree and Buffalo Mountain gold deposits from Nevada Gold Mines LLC and the Ruby Hill mine from affiliates of Waterton Global Resource Management. In connection with the Agreement, Equinox subscribed for 4,800,000 new common shares of the Company at a price of C$2.62 per common share, for gross proceeds to the Company of C$12,576,000 (the " Subscription ").

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In his view, its rise will come as market participants realize how many problems the US economy is facing.

"I think that once that reality sets in, gold will get its next big lease on life and the stock market is going to bog down. I think we're going to see a lot of rotation in the market that will start to favor real assets and real value — away from everybody chasing the same relative handful of stocks as we've seen," Temple explained.

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Agnico Eagle and O3 Mining Welcome Gold Fields' Support of Their Friendly Premium Transaction

(All amounts expressed in Canadian dollars unless otherwise noted)

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New 2021 Drill Results from SPZ at Granite Creek, estimated true widths 70-80%
Drillhole ID	Type	From (m)	To (m)	Length (m)	Au (g/t)
iGS21-07	Core	352.0	355.9	3.8	17.2
iGS21-07	Core	368.1	371.6	3.4	22.0
iGS21-08	Core	356.2	360.9	4.8	8.0
iGS21-08	Core	419.7	423.5	3.8	10.5
iGS21-08	Core	517.6	522.1	4.6	6.3
iGS21-08	Core	535.5	537.5	2.0	11.9
iGS21-09	Core	390.1	391.5	1.4	6.2
iGS21-09	Core	422.5	423.5	1.1	5.9
iGS21-10	Core	424.6	428.8	4.2	17.2
iGS21-10	Core	433.1	434.0	0.9	12.6
iGS21-11	Core	416.4	417.6	1.2	9.7
iGS21-11	Core	436.5	442.0	5.5	25.5
iGS21-12	Core	389.5	391.1	1.5	5.4
iGS21-12	Core	441.8	451.0	9.1	11.0
Including	Core	442.6	448.1	5.5	15.5

Previously released 2021 Drill Results from SPZ at Granite Creek, estimated true widths 70-80%
Drillhole ID	Type	From (m)	To (m)	Length (m)	Au (g/t)
iGS21-01	Core	386.6	392.7	6.1	12.8
iGS21-03	Core	391.4	398.5	7.1	16.3
iGS21-04	Core	288.0	289.6	1.5	37.36
iGS21-04	Core	326.3	329.8	3.4	16.4
iGS21-04	Core	336.7	337.9	1.2	44.14
iGS21-04	Core	468.3	478.5	10.2	14.7
iGS21-05	Core	398.4	403.7	5.3	16.5
iGS21-05	Core	444.7	451.4	6.7	5.1

Table 1a Collar Coordinates
UTM	Drillhole ID	East m	North m	Elevation m	Azimuth	Dip
NAD83 Zone 11	iGS21-01	478579	4554235	1466	308	-46
	iGS21-03	478323	4554119	1556	352	-55
	iGS21-04	478323	4554116	1556	340	-64
	iGS21-05	478327	4554119	1554	351	-59
	iGS21-06	478325	4554119	1554	338	-59
	iGS21-07	478541	4554160	1472	315	-46
	iGS21-08	478541	4554161	1472	311	-48
	iGS21-09	478578	4554235	1466	315	-45
	iGS21-10	478579	4554416	1550	280	-67
	iGS21-11	478579	4554414	1550	286	-73
	iGS21-12	478580	4554411	1549	265	-67

Corporate Growth
Goal	Status
Build Tier-One Management Team	Underway – Several key positions secured
Secure Finances to Execute Growth	Currently ~US$200M in cash and cash equivalents
Align with ICMM Principles	Underway
Lone Tree Complex
Goal	Status
Complete autoclave and metallurgy studies	Underway - Awarding Study Contracts
Place long lead time orders for autoclave refurbishment	To be ordered once appropriate studies are completed
Residual leaching program	Underway – Gold production expected in 2022 ¹
Granite Creek
Goal	Status
Achieve consistent ramp up mining rate	Ramp up plan underway
Commence delivery of mineralization to NGM for processing	Targeting first delivery in H2-2022
Complete 20,000 m drill program	Underway – drill results throughout the year
Complete updated mineral resource estimate	To be completed after drill program – update plan YE 2022
Complete underground feasibility study	Targeting completion in H2-2022
Ruby Hill
Goal	Status
Complete +20,000 metre surface drilling campaign	Underway – drill results throughout the year
Submit permitting for an underground mining operation	Work to initiate permitting underway
Heap leach processing of 2021 mined material	Underway – Gold production expected in 2022
Complete updated mineral resource estimate	To be completed after drill program – update plan YE 2022
Complete PEA or Pre-Feasibility study	Targeting completion in H2-2022 ¹
McCoy-Cove
Goal	Status
Initiate underground development program	Award Development Contract Q1-2022
Commence 40,000 metre Underground Drill Program	Targeting H2-2022 start once ramp is sufficiently developed
Complete mine dewatering strategy	Underway – Targeting completion in 2022
Buffalo Mountain (and Brooks)
Goal	Status
Complete permitting of the heap leach open pit operation	Underway – Targeting completion in 2022
Complete resource estimate	Underway – Targeting release in H2-2022
¹ See Cautionary Note Below

Table 2 – Granite Creek Underground Mineral Resources
Resource Class	Tonnes (1000's)	Gold Grade (g/t)	Gold Oz (000's)
Measured	483	10.07	156
Indicated	525	10.70	181
M&I	1,008	10.40	337
Inferred	741	13.41	319
Notes: 1) Mineral Resources are not Mineral Reserves, and as such, do not have demonstrated economic viability. 2) Cut-off is 5 gpt based on Mining Cost of $100/ton, Process Cost of $106/ton, recovery of 92%, and a gold price of $1600/t. oz. 3) The effective date is May 4, 2021. 4) Figures are rounded and may show apparent errors in subtotals. 5) Preliminary Economic Assessment NI 43-101 Technical Report Granite Creek Mine Project, Humboldt County, Nevada, USA. Effective date - May 4, 2021. Report date – November 9, 2021.

Table 3 – McCoy Cove Mineral Resources
Resource Classification	Tonnes (000's)	Gold Grade (g/t)	Silver Grade (g/t)	Gold Ounces (000's)	Silver Ounces (000's)
Indicated	1,007	10.9	29.1	351	943
Inferred	3,867	10.9	20.6	1,353	2,565
Notes: 1) Mineral Resources have been estimated at a gold price of $1,500 per troy ounce. 2) Mineral Resources have been estimated using gold metallurgical recoveries of 79.5% and 85.2% for roasting and pressure oxidation, respectively. 3) Mineral Resources have been estimated using a gold equivalent cutoff grade of 0.141 opt. 4) One ounce of gold is equivalent to 98 ounces of silver. 5) The effective date of the Mineral Resource estimate is January 1, 2021. 6) Mineral Resources are not Mineral Reserves, and as such, do not have demonstrated economic viability. 7) Preliminary Economic Assessment for the Cove Project, Lander County, Nevada. Effective date – January 1, 2021. Report date – April 13, 2021

Table 4 - i-80 Mineral Resources
Resource Classification	Tonnes (000's)	Au Grade (g/t)	Ag Grade (g/t)	Au Ounces (000's)	Ag Ounces (000)'s
Measured
Granite Creek - Open Pit	20,857	1.47		988
Granite Creek -Underground	483	10.07		156
Lone Tree -Open Pit
McCoy-Cove - Underground
Ruby Hill - Open Pit
Ruby Hill - Underground
Indicated
Granite Creek - Open Pit	7,448	1.27		304
Granite Creek - Underground	525	10.70		181
Lone Tree - Open Pit	7,223	1.77		410
McCoy-Cove - Underground	1,007	10.90	29.1	351	943
Ruby Hill - Open Pit	224,400	0.54	14.3	3,874	103,335
Ruby Hill - Underground	1,200	5.22	0.6	202	22
Measured & Indicated	263,144	0.76	12.33	6,465	104,300
Inferred
Granite Creek - Open Pit	1,531	1.26		62
Granite Creek - Underground	741	13.41		319
Lone Tree - Open Pit	50,734	1.69		2,764
McCoy-Cove - Underground	3,867	10.90	20.6	1,353	2,565
Ruby Hill - Open Pit	162,700	0.39	14.0	2,062	73,472
Ruby Hill - Underground	8,210	6.02	1.7	1,588	439
Inferred	227,783	1.11	10.4	8,148	76,476
Notes: 1) MCOY-COVE: Mineral Resources were calculated at a gold price of US$1500/oz, cut-off grade 0.141 opt Au. and is based on the Preliminary Economic Assessment issued by i-80 on April 13, 2021. Practical Mining LLC, under the supervision of Dagny Odell, P.E., Laura Symmes, SME, and Robert Raponi, P. Eng., each being Qualified Persons within the meaning National Instrument (NI) 43-101, was the lead consultant for the Project PEA. 2) GRANITE CREEK: Mineral Resources have an effective date of May 4, 2021 and are based on the mineral resource technical report issued by i-80 on October 29, 2021. The Qualified Persons for the estimate are Terre Lane QP-MMSA and Hamid Samari QP-MMSA of GRE. Open Pit Mineral resources are reported at a 0.35 g/t cutoff, an assumed gold price of 1,800 $/tr. oz, using variable recovery, a slope angle of 41 degrees, 6% royalty, heap leach processing cost $9.92 per tonne (includes admin), CIL processing cost of $17.63 per tonne (includes admin). Underground mineral resources are reported at a cut-off grade of 5 gpt based on Mining Cost of $100/ton, Process Cost of $106/ton, recovery of 92%, and a gold price of $1600/t. oz. 3) LONE TREE: Mineral Resources were calculated at a gold price of US$1650/oz, cut-off grade of 0.1 g/t Au and are based on the mineral resource technical report issued by i-80 on October 21, 2021. Mr. Abani Samal, Ph.D., CPG, RM- SME, Fellow-SEG a GeoGlobal, LLC Principal is the Qualified Person responsible for the Mineral Resource estimate. 4) RUBY HILL: Mineral Resources were calculated at a gold price of US$1650/oz, cut-off grade 0.1 g/t Au. and are based on the mineral resource technical report issued by i-80 on October 22, 2021. Mr. Christopher Wright, P. Geo, a Wood Canada Ltd. employee, is the Qualified Person responsible for the Mineral Resource estimate. 5) Figures are rounded and may show apparent errors in subtotals. 6) Mineral resources are not mineral reserves and do not demonstrate economic viability.

(i)	$50 million convertible loan (the " Orion Convertible Loan ") with OMF Fund III (F) Ltd . an affiliate of Orion Mine Finance (collectively " Orion ")
(ii)	$10 million convertible loan (the " Sprott Convertible Loan " and together with the Orion Convertible Loan, the "Convertible Loans") with a fund managed by Sprott Asset Management USA, Inc. and a fund managed by CNL Strategic Asset Management, LLC
(iii)	$45 million gold prepay purchase and sale agreement entered into with affiliates of Orion (the " Gold Prepay Agreement "), including an accordion feature potentially to access up to an additional $50 million at i-80's option
(iv)	$30 million silver purchase and sale agreement entered into with affiliates of Orion (the " Silver Purchase Agreement "), including an accordion feature to potentially access an additional $50 million at i-80's option
(v)	an amended and restated offtake agreement entered into with affiliates of Orion (the " A&R Offtake Agreement ")

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Management Team

Ashok Parekh – Non-executive Chairman

Warren Hallam - Non-executive Director

Grant Haywood – Managing Director and Chief Executive Officer

Julian Tambyrajah – Chief Financial Officer & Company Secretary

Stephen Guy – Chief Geologist

Brendan Shalders - Chief Executive Officer (Poseidon)

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