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

Intrepid Mines Limited

February 29, 2008 09:15 ET

Intrepid Files Preliminary Final Report for the Year Ended December 31, 2007

TORONTO, ONTARIO--(Marketwire - Feb. 29, 2008) - Intrepid Mines Limited (TSX:IAU)(TSX:IXN)(ASX:IAU), an international gold and silver production, development and exploration company, today filed its annual "Appendix 4E - Preliminary Final Report" (the 'Report'), complying with the requirements of the Australian Stock Exchange (the 'ASX'). The Report contains unaudited management prepared financial statements for the Corporation for the year ended December 31, 2007.

In order to ensure that shareholders outside of Australia have access to this information, the Corporation will file a copy of the Report on SEDAR which can be viewed at www.sedar.com and on its website which can be viewed at www.intrepidmines.com. The Report will be filed on SEDAR as an attachment to a material change report.

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, Central America and Canada, either directly or through joint venture partnership. The issued capital is 181,783,419 shares comprised of 166,537,566 ordinary shares of Intrepid Mines Limited quoted on the TSX:IAU and ASX:IAU and 15,245,853 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. 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.

CUSIP: Q4968A

ABN: 11 060 156 452

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