23% Resource Expansion at Casposo Project

TORONTO, ON - Intrepid Mines Limited   reported  the results of an updated mineral resources estimate at the Casposo mining project, San Juan province, Argentina.
The resources review and update was conducted by AMEC Americas Limited (AMEC) and includes drilling information completed and compiled subsequent to the cut-off date for the resources and reserves reported in, and the basis for, the March 2007 Feasibility Study and its related Technical Report provided in May, 2007 .
The highlight of the Resource Update is an increase of approximately 97,000 ounces (23%) of gold equivalent in the Kamila deposit's global indicated mineral resources, comprising 55,000 ounces of gold and 2,396,000 ounces of silver. This represents an increase to 368,000 and 10.6 million ounces of gold and silver respectively in the Indicated category at an average grade of 6.27 grams per tonne gold equivalent (g/t AuEq).
While optimization is not complete, the increased resource offers a potential increase in mine life supporting Intrepid's decision to co-invest with the government of San Juan in extending the Province's power grid to Calingasta and improving the Company's ability to finance the project.
The company's address is Suite 1710, 155 University Avenue, Toronto, ON M5H 3B7, 416.368.4525, fax: 416.368.3859.