Intrepid Minerals Corporation
TSX : IAU

Intrepid Minerals Corporation

April 11, 2006 10:47 ET

Intrepid Minerals Announces Annual General and Special Meeting of Shareholders and Merger Update

TORONTO, ONTARIO--(CCNMatthews - April 11, 2006) - Intrepid Minerals Corporation (TSX:IAU) is pleased to announce that its Annual General and Special Meeting of Shareholders is scheduled for May 31, 2006. It is expected that meeting materials will be mailed to shareholders of record by May 10, 2006.

Respective shareholder meetings will be completed by mid June, and the completion of the merger of Intrepid Minerals Corporation and NuStar Mining Corporation Limited will result in a dual-listed precious metals company called Intrepid Mines Limited. The new Company's focus on mining and exploration, with an international production, development and exploration profile establishes a position for defined future growth and the potential for increased shareholder value.

The change of date is a result of amendments to the original structure of the transaction, specifically with regard to minimizing the tax implications for Intrepid shareholders and completing the merger in the most beneficial manner.

Recent visits by Chairman designate, Colin Jackson, to Canada and by President and CEO designate, Laurence Curtis, to Australia demonstrate that management and directors of both companies continue to be committed to completing the merger.

Intrepid Minerals, directly and through joint venture partnership, holds interests in several gold-silver and silver-base metal properties in Argentina, El Salvador, and Canada. Intrepid has 59,012,936 shares outstanding.

For further information visit our website at http://www.intrepidminerals.com

FORWARD LOOKING STATEMENTS

This Press Release may contain 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 has neither approved nor disapproved the information contained in this press release.

Contact Information

  • Grove Communications Inc.
    Stephen Coates and Cathie Simon
    (416) 368-4525 or Toll Free: (866) 409-4716
    (416) 368-3859 (FAX)
    or
    Intrepid Minerals Corporation
    Laurence Curtis, P.Geo.
    President & CEO and designated Qualified Person
    (416) 368-4525 or Toll Free: (866) 409-4716
    (416) 368-3859 (FAX)
    info@intrepidminerals.com
    www.intrepidminerals.com