Idaho Champion Proposes Name Change and Invites Shareholders to Attend Virtual AGM

Toronto, April 18, 2023 - Idaho Champion (CSE: ITKO) (OTCQB: GLDRF) (FSE: 1QB1) ("Idaho Champion" or the "Company") is pleased to announce details for the Company's upcoming Annual General Meeting ("AGM") which will be held virtually on Thursday, May 18, 2023, at 2:00 PM EDT.

One of the main voting items will be a proposed name change to "Champion Electric Metals", a name which would better reflect the Company's transition into battery metals that started in 2022 and is now in full force. Following the name change, the Company will unveil the new branding and logo.

President and CEO Jonathan Buick commented:

"Last year, we made a decision to shift focus to critical metals and are proud of what we have accomplished to date. Both our lithium project in Quebec and cobalt projects in Idaho show great promise. The historic data and results of the field exploration programs completed last fall will guide our follow-up spring field programs that will begin in the short term.

"As part of our new strategy, we are undertaking a marketing and branding overhaul and are transitioning to a new name that would solidify our vision of becoming a leading exploration company looking for reliable domestic supply sources of battery metals.

"We are very excited for this next chapter."

All information related to the Idaho Champion AGM will be stored on the AGM Connect website after the mail date of Friday, April 21st, 2023: https://agmconnect.com/itko2023/.

About Idaho Champion Gold Mines Inc.

Idaho Champion is a discovery-focused exploration company that is committed to advancing its highly prospective lithium properties in Quebec, Canada and cobalt properties in Idaho, United States. In addition, the Company owns the Baner gold project in Idaho County and the Champagne polymetallic project in Butte County near Arco.

The Company's shares trade on the CSE under the trading symbol "ITKO", on the OTCQB under the trading symbol "GLDRF", and on the Frankfurt Stock Exchange under the symbol "1QB1". Idaho Champion strives to be a responsible environmental steward, stakeholder and contributing citizen to the local communities where it operates, taking its social license seriously, employing local community members and service providers at its operations whenever possible.

ON BEHALF OF THE BOARD OF IDAHO CHAMPION

"Jonathan Buick"
Jonathan Buick, President and CEO

To learn more, please visit the Company's SEDAR profile at www.sedar.com or the Company's corporate website at www.idahochamp.com.

For further information, please contact:
Nicholas Konkin, Marketing and Communications
Phone: (416) 567-9087
Email: nkonkin@idahochamp.com

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION, NOR SHALL THERE BE ANY OFFER, SALE, OR SOLICITATION OF SECURITIES IN ANY STATE IN THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION WOULD BE UNLAWFUL.

Cautionary Statements

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release. This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by management of the Company, including closing of the Transactions and the prospectivity of the Projects for lithium. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/162746