Intrepid Mines Limited
TSX : IAU
ASX : IAU
TSX : IXN

Intrepid Mines Limited

January 29, 2007 16:26 ET

Intrepid Mines-Notification of Second Quarter 2006 Results Announcement and Conference Call

TORONTO, ONTARIO--(CCNMatthews - Jan. 29, 2007) - Intrepid Mines Limited (TSX:IAU)(TSX:IXN)(ASX:IAU), an international gold and silver production, development and exploration company, currently plans to release results for the second quarter 2006 (ended December 31, 2006) prior to the market opening on Wednesday, January 31, 2007. In conjunction, the company will host a conference call to discuss the results. Laurence Curtis, President and CEO of Intrepid Mines, will chair the call. To participate in the conference call, please call five minutes prior to the scheduled start time.



Date: January 31, 2007
Time: 4:15 PM EST
Conference Call Number: 1-866-234-7330 or 706-634-5011 (int'l)
Conf ID#: 7211786


For those unable to participate in the conference call at the scheduled time, a replay of the call will be available from January 31, 2007 at 6:15 PM EST until February 7, 2007.



Replay Access Number: Passcode:
1-800-642-1687 or 706-645-9291 (int'l) 7211786 followed by the number sign


A recorded version of the call will be available at www.intrepidmines.com for 90 days.

About Intrepid Mines:

Intrepid Mines Limited has an international production, development and exploration profile, and holds interests in several gold-silver and silver-base metal properties in Australia, Argentina, El Salvador, and Canada, either directly or through joint venture partnership. The issued capital is 164,259,243 shares comprised of 136,584,289 ordinary shares of Intrepid Mines Limited quoted on the TSX:IAU and ASX:IAU and 27,674,954 Exchangeable Shares of Intrepid NuStar Exchange Corporation quoted on the TSX:IXN.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This release contains certain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.

CUSIP: Q4968A

ABN: 11 060 156 452

The TSX & ASX has neither approved nor disapproved the information contained in this press release.

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