SOURCE: Intrepid Technology

November 29, 2007 09:42 ET

Intrepid Signs With Major Financial Institution

IDAHO FALLS, ID--(Marketwire - November 29, 2007) - Intrepid Technology and Resources, Inc. (OTCBB: IESV), a renewable alternative energy company, today announced that it has engaged a major regional investment banking firm with whom Intrepid has a prior relationship to explore company growth options and future financing opportunities. This engagement is an extension of the excellent working relationship established between the two Companies that began when they successfully placed the Solid Waste Revenue Bond in November 2006 that funded ITR's two operational Biogas Plants at the Whitesides and WestPoint Dairies in southern Idaho.

The Board of Directors is pleased that the relationship with this firm has been re-energized and looks forward to working with such a professional and highly regarded financial advisor. This engagement further expands the options available to the company and gives the Board greater flexibility with regard to the timing and necessity of exercising the financial restructuring authority being presented for vote in the upcoming Annual Shareholder Meeting on December 7 and allows the company to look at all possible options including mergers and acquisitions.

Furthermore with both the Westpoint and Whitesides plants in operation the Intrepid board believes that it is an appropriate time to begin to look at various opportunities that are or may become available to the company to maximize shareholder value. The board believes the market value is understated given the unique alternative energy technology, processes and procedures being employed by the company.

The Intrepid board also believes that the opportunities for additional plants and other operations are likely better today than at anytime in the company's history with two operating plants proving the company's approach to alternative energy and solid waste reduction. The Intrepid board also believes that the company can now finance any new project that would be similar to either of their two operating plants.

About Intrepid Technology and Resources, Inc.: We are an application innovator in Alternative Energy technology 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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