Intrepid Mines Limited

Intrepid Mines Limited

June 25, 2008 09:15 ET

Intrepid Mines Limited: Laurence Curtis Steps Down as President

TORONTO, ONTARIO--(Marketwire - June 25, 2008) - Intrepid Mines Limited (TSX:IAU)(TSX:IXN)(ASX:IAU) ("Intrepid"), an international precious metals production, development and exploration company, advises that the Company, as part of succession planning following the merger with Emperor Mines Limited, has reached agreement with Laurence Curtis to step down from his position as President, effective 30 June 2008. Mr Curtis will remain as a non-executive Director on the Company's Board of Directors.

Intrepid Chairman of the Board, Colin Jackson, said "Laurie, as founder, has overseen the development of Intrepid, its emergence as a public company and its growth to the present. During his tenure Intrepid expanded from a successful junior exploration company to a gold producer when the company merged with NuStar Mining in 2006. We look forward to his ongoing contribution as an integral member of the Intrepid Board of Directors."

Laurie Curtis, said "The transition of Intrepid from an explorer to developer-miner has been both rewarding and challenging. I wish to thank all shareholders for their support during this transition and I look forward to working with Intrepid's CEO Brad Gordon and his newly installed development team."

About Intrepid Mines:

Intrepid Mines Limited is an international gold and silver production, development and exploration company. The Company's producing property is the Paulsens Gold Mine, located in northwestern Australia. The Company's advanced development property is the Casposo Project located in San Juan Province, Argentina. The Company's exploration properties are located in Argentina, Australia, Canada, El Salvador, Indonesia and Mexico. The issued capital is 427,902,350 shares comprised of 413,407,997 ordinary shares of Intrepid Mines Limited on the TSX (TSX:IAU) and ASX (ASX:IAU) and 14,894,353 Exchangeable Shares of Intrepid NuStar Exchange Corporation quoted on the TSX (TSX:IXN).


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 and 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. Statements relating to gold reserve and resource estimates are expressions of judgment, based on knowledge and experience and may require revision based on actual production experience. Such estimates are necessarily imprecise and depend to some extent on statistical inferences and other assumptions, such as gold prices, cut-off grades and operating costs, which may prove to be inaccurate. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.

ABN: 11 060 156 452

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