i-80 Gold Corp. Increases Bought Deal Financing To $160M With 320M Units Priced At $0.50 Each, Each Unit Including One Common Share And Half-Warrant Exercisable At $0.70 For 30 Months

i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) ("i-80" or the "Company") is pleased to announce that as a result of excess demand, it has agreed with the syndicate of underwriters led by National Bank Financial Inc. and Cormark Securities Inc. to increase the size of its previously announced bought deal financing. i-80 will now issue 320,000,000 units of the Company ("Units") at a price of US$0.50 per Unit for aggregate gross proceeds of US$160,000,000 (the "Offering").

Each Unit is comprised of one common share (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of US$0.70 for a period of 30 months following the closing of the Offering.