Intrepid Mines Limited

Intrepid Mines Limited

December 06, 2006 10:49 ET

Intrepid 2006 Annual General Meeting Results

TORONTO, ONTARIO--(CCNMatthews - Dec. 6, 2006) - Intrepid Mines Limited (TSX:IAU)(TSX:IXN)(ASX:IAU), an international gold and silver production, development and exploration company, is pleased to report results of its 2006 Annual General Meeting held in Perth Australia on November 30, 2006. All proposals put forth by the Board were approved including: the approval of Remuneration Report, the Election of the Board of Directors for the ensuing year; and, the approval of the Refresh to the Employee Option Scheme.

A total of 114 proxies (including Intrepid NuStar Exchange Corporation Exchangeable share voting directions), representing 52,171,486 voting shares (or 35% of the 150,239,243 voting shares on issue made up of 120,735,756 ordinary shares in Intrepid Mines Limited and 29,503,487 Exchangeable shares in Intrepid NuStar Exchange Corporation) were received for voting on the resolutions.


The Company also announced today that it has appointed Mr. David Mosher and Mr. John den Dryver to its Audit Committee. Both Mr. Mosher and Mr. den Dryver currently serve on Intrepid Mines Board of Directors. The appointments follow an internal review of corporate governance policies and procedures following which, Mr. David Davidson and Mr. Kevin Dundo stepped down from the Audit Committee to fully comply with the independence requirements contained within Multilateral Instrument 52-110.

On behalf of the Board of Directors of Intrepid Mines,

Laurence Curtis, President & CEO

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 150,032,576 shares comprised of 120,894,056 ordinary shares of Intrepid Mines Limited quoted on the TSX:IAU and ASX:IAU and 29,345,187 Exchangeable Shares of Intrepid NuStar Exchange Corporation quoted on the TSX:IXN.


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


ABN: 11 060 156 452

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