SOURCE: Intrepid Technology

May 13, 2008 09:25 ET

Intrepid Signs Agreements to Sell Soil Amendment Product

IDAHO FALLS, ID--(Marketwire - May 13, 2008) - Intrepid Technology and Resources, Inc. (OTCBB: ITRP), a renewable biogas alternate energy and soil amendment company, is pleased to announce that they have signed an agreement with Magic Valley Compost (MVC), a regional high volume processor and marketer of soil amendment and organic compost products, whereby Intrepid will sell digester bio-fiber from its Whitesides and WestPoint plants to MVC for blending with their existing higher-end compost materials.

Mr. Tony Brand, General Manager of MVC, stated, "Intrepid's digested fiber material has some very unique and very attractive properties that make it an outstanding blend material that could capture a significant share of the high quality soil amendment market. We are finding demand for our highly versatile premium products potentially exceeding our current supply sources and having access to Intrepid's inventory and future production is both timely and advantageous."

Mr. Jake Dustin, President of Intrepid, said, "Our ability to produce a consistent product on a regular schedule and MVC's close physical proximity to our plants and their established markets make a great combination. Moreover, we share a common vision and incentive that there are other fertilizer/soil amendment products that can potentially be created from the nutrient-rich waste stream from our digester operations."

Intrepid is now fully engaged in selling all of their products from the Whiteside's biogas plant. Carbon credits are being sold on an annual contract to Eco-Securities, the biomethane to an industrial fertilizer company and now the fiber to Magic Valley Compost. Existing agreements for fiber and carbon credits will also cover the Westpoint biogas plant.

About Intrepid Technology and Resources, Inc.: We are an application innovator in Alternative Energy technology, soil amendment products and production and of biogas products and services designed to assist in worldwide energy independence, reduce pollution and carbon emissions from renewable agriculture feedstock and industrial and agriculture waste materials.

Statements released by Intrepid Technology and Resources, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

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