i-80 Announces C$86M Bought Deal Public Offering of Units at C$1.65/Unit

i-80 Gold Corp. (TSX:IAU) (NYSE:IAUX) ("i-80" or the "Company") is pleased to announce that it has entered into an agreement with National Bank Financial Inc., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the "Underwriters") under which the Underwriters have agreed to purchase, on a bought deal basis, 51,882,000 units of the Company ("Units") at a price of C$1.65 per Unit for gross proceeds of C$85,605,300 (the "Offering"). Each Unit is comprised of one common share (each 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 C$2.15 for a period of 48 months following the closing of the Offering.