Keywords : Australia | Indonesia | Lead | Market |

BRISBANE, AUSTRALIA--(Marketwire - June 28, 2012) - Intrepid Mines Limited ("Intrepid" or the "Company") (News - Market indicators)(ASX:IAU) advises that new shareholders have joined the register of PT IMN, the Company's joint venture partner in the Tujuh Bukit project in Indonesia.

The new shareholders collectively hold 80% of the expanded issued capital in PT IMN, which holds the Tujuh Bukit mining licences.

Under the terms of the Alliance Agreement between the parties, Intrepid holds an 80% economic interest in the Tujuh Bukit project, with PT IMN holding the remaining 20%.

The Company is in the process of engaging the representatives of the new shareholders in discussion and will provide updates on negotiations, including details of the new shareholders, as appropriate.

Mr Ian McMaster, Intrepid's lead director, will immediately assume the role of Deputy Chairman, to facilitate negotiations.

Directors

Colin G. Jackson (Chairman)

Brad A. Gordon (Managing Director)

Ian McMaster (Deputy Chairman)

Laurence W. Curtis (Non-executive Director)

Robert J. McDonald (Non-executive Director)

Alan Roberts (Non-executive Director)

Adrianto Machribie (Non-executive Director

Nyla Bacon (Company Secretary)

Stock Exchange Listing

ASX and TSX symbol: IAU

Substantial Shareholders

Taurus Funds Management 9.2%

Acorn Capital 7.9%

Van Eck Associates 6.6%

Issued Capital

525,885,308 shares

4,710,972 unlisted options

4,014,632 unlisted share rights

Shareholder Enquiries

Matters related to shares held, change of address and tax file numbers should be directed to:

Computershare Investor Services

GPO Box 2975, Melbourne,

Victoria 3001, Australia

Telephone: 1300 805 505

+61 3 9415 4000

ABN 11 060 156 452

Intrepid Mines Limited
Colin Jackson
Chairman
Mobile: +61 417 929 107
or
Intrepid Mines Limited
Brad Gordon
Managing Director
Chief Executive Officer, Brisbane, Australia
Office: +61 7 3007 8000
www.intrepidmines.com

Intrepid Mines Ltd.

	EXPLORATION STAGE
	CODE : IAU.TO
	ISIN : AU000000IAU4

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Intrepid Mines is a gold and silver exploration company based in Canada.

Intrepid Mines holds various exploration projects in Ecuador and in Indonesia.

Its main exploration properties are TAVICHE in Mexico, TUJUH BUKIT and CANDRIAN in Indonesia and SHYRI in Ecuador.

Intrepid Mines is listed in Australia, in Canada and in United States of America. Its market capitalisation is CA$ 940.7 millions as of today (US$ 752.1 millions, € 658.9 millions).

Its stock quote reached its lowest recent point on October 24, 2008 at CA$ 0.05, and its highest recent level on January 06, 2023 at CA$ 4.22.

Intrepid Mines has 556 609 984 shares outstanding.

Legends
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	Mine development
	Discovery
	Exploration
	Past producer
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