May 13, 2014 08:00 ET
BRISBANE, AUSTRALIA--(Marketwired - May 13, 2014) - Intrepid Mines Limited (TSX:IAU)(ASX:IAU) ("Intrepid", or the "Company"), advises that at an extraordinary meeting of shareholders held today, shareholders voted to retain the Chairman, Ian McMaster AM and Managing Director Scott Lowe as Directors of the Company, and to replace three other Intrepid Directors with nominees of requisitioning shareholders Quantum Pacific Investment Limited and Fides Capital Partners Limited.
Chairman Ian McMaster AM said "I congratulate Messrs Mazur, Sanderson and Lim on their appointment to the Board. The newly constituted Intrepid Board will meet in the near future with the shared objective of working constructively in the interests of all shareholders."
"I would also like to take this opportunity to sincerely thank and recognise Laurie Curtis (Founding Chief Executive), Colin Jackson (Deputy Chairman) and Rob McDonald for their tireless efforts and stewardship of the Company over a number of years. I am especially grateful for their active support and efforts throughout the very difficult period of the Indonesia dispute and ultimate settlement."
"Looking ahead, the Annual General Meeting will be held on 30 May 2014 and shareholders will then determine the future of the Company including voting on a capital return."
Results of the poll which was called by the Chairman was as follows:
Proxies received were as follows
Inquiries regarding this report and Company business may be directed to the contacts below.
Intrepid Mines LimitedScott LoweChief Executive Officer, Brisbane, Australia+61 7 3007 firstname.lastname@example.orgIntrepid Mines LimitedGreg TaylorToronto, Canada+905 337 7673 or (mobile) +1 416 605 email@example.com
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