i-80 Gold Reports Q 3 2022 Operating Results.

RENO, NEV: i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to report its operating and financial results for the three and nine months ended September 30, 2022. i-80's Consolidated Financial Statements ("financial statements"), as well as i-80's Management's Discussion and Analysis of Operations and Financial Condition ("MD&A") for the three and nine months ended September 30, 2022, are available on the Company's website at www.i80gold.com, on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov.

Unless otherwise stated, all amounts referred to herein are in U.S. dollars.

2022 Third Quarter Highlights:

Record quarterly gold sales of 9,332 ounces; all-in sustaining cost of $1,138 per ounce sold1

September 30 cash balance of $76 million and $33 million in restricted cash

Drilling at Granite Creek continued with multiple high-grade intercepts in the Ogee and South Pacific zones (10,526 core feet and 5,460 reverse circulation (RC) feet drilled)

First shipment of sulfide mineralized material from Granite Creek was made to NGM's Twin Creeks processing facility

Continued step-out and infill drilling at Ruby Hill with multiple high-grade intercepts and new discoveries made (17,025 core feet and 34,865 RC feet drilled)

Engineering study of Lone Tree autoclave refurbishment continued on plan

2022 Year to date Highlights:

Gold sales of 14,328 ounces; all-in sustaining cost of $1,204 per ounce sold1

Commenced trading on the New York Stock Exchange on May 19, 2022 under the symbol IAUX

Funds received for the previously announced gold prepay and silver purchase and sale agreements totaling $75 million

Increased the size of the Granite Creek property package by approximately 1,280 acres (518 hectares), extending exposure along the primary fault structure by approximately 1.6 km north towards the Turquoise Ridge Mine, and 1.6 km south of Granite Creek

Commenced development of exploration ramp at McCoy-Cove (approximately 1,900 feet of advance now completed); drilling expected to commence in Q4

Entered into agreement to acquire key water rights for the development of the Cove Project

Completed first gold sale in Company history

A total of 208,329 feet (core and RC) drilled by the end of the third quarter

"In the third Quarter the Company achieved record gold sales, more than doubling previous quarter sales .", stated Ryan Snow, Chief Financial Officer of i-80. "The Residual leaching at both Lone Tree and Ruby Hill has gone well...