Intrepid Minerals Corporation
TSX : IAU

Intrepid Minerals Corporation

May 30, 2006 11:31 ET

Intrepid Minerals-Positive Vote Recommended on Plan of Arrangement by Institutional Shareholder Services

TORONTO, ONTARIO--(CCNMatthews - May 30, 2006) - Intrepid Minerals Corporation (TSX:IAU) is pleased to announce that Institutional Shareholder Services Canada Corp., formerly Fairvest, (ISS Canada), Canada's leading independent authority on proxy voting and corporate governance, has recommended that shareholders vote in favour of the Plan of Arrangement with NuStar Mining Corporation at the June 7, 2006 Annual and Special Meeting of shareholders, option holders and warrant holders.

"We are delighted that ISS Canada reviewed the Plan of Arrangement and agreed that it is to be a positive transaction," said Laurence Curtis President & CEO of Intrepid Minerals. "We are encouraged that their recommendation will been seen as a very positive review," continued Curtis.

Intrepid Minerals is a TSX-listed company engaged in the acquisition, exploration and development of mineral prospects. Intrepid is currently completing a plan of arrangement with NuStar Mining Corporation Limited of Australia which will result in the merged entity having an international production, development and exploration profile. The Company, either directly or through joint venture partnership, holds interests in several gold-silver and silver-base metal properties in Argentina, El Salvador, and Canada. Intrepid has 59,062,936 shares outstanding.

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

FORWARD LOOKING STATEMENTS

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

Contact Information

  • Grove Communications Inc.
    Stephen Coates or Cathie Simon
    (416) 368-4525 or Toll Free: (866) 409-4716
    (416) 368-3859 (FAX)
    or
    Intrepid Minerals Corporation
    Laurence Curtis, PGeo.
    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