Intrepid Minerals Corporation
TSX : IAU

Intrepid Minerals Corporation

May 25, 2005 08:30 ET

Intrepid Minerals Announces the Appointment of new Chief Financial Officer

TORONTO, ONTARIO--(CCNMatthews - May 25, 2005) - Intrepid Minerals Corporation (TSX:IAU) is very pleased to welcome Donna McLean as Intrepid's new Chief Financial Officer, replacing Steven Poad. Ms McLean brings 20 years experience in the mining and exploration sectors, having worked with many publicly traded companies and is a welcome addition to the Intrepid Minerals management team. Mr. Poad continues his role as CFO for High River Gold Mines who have a 10% interest in Intrepid Minerals.

Intrepid has also granted a total of 680,000 Stock Options to Directors and Officers at a price of $0.65, for a duration of 5 years. Pursuant to a board resolution dated December 6th, 2004, all options granted to Officers and Directors of the Corporation shall be priced at the greater of the current market price or the price of the last issuance of securities to the public. Intrepid's last public financing occurred in December 2003 at $0.65/share. All options are non-transferable.

Intrepid Minerals is a TSX listed company engaged in the acquisition, exploration and development of mineral prospects. The Company holds interests in several gold-silver and silver-base metal properties in Argentina, El Salvador, and Canada either directly or through joint venture partnership. Intrepid has 46,010,220 shares outstanding.

The statements made in this Press Release may contain 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

  • Intrepid Minerals Corporation
    Stephen Coates
    Investor Relations
    (416) 368-4525 or Toll Free: 866-409-4716
    (416) 368-3859 (FAX)
    scoates@intrepidminerals.com
    or
    Intrepid Minerals Corporation
    Laurence Curtis
    President & CEO
    (416) 368-4525 or Toll Free: 866-409-4716
    (416) 368-3859 (FAX)
    or
    Intrepid Minerals Corporation
    Suite 1710, 155 University Avenue,
    Toronto, Ontario, Canada, M5H 3B7
    http://www.intrepidminerals.com