Intrepid Intersects Copper-Gold Porphyry at Tujuh Bukit

Intrepid Mines Limited, an international gold and silver production, development and exploration company, has reported reports that hole GTD-08-29, from the Tujuh Bukit Project in Indonesia, has intersected highly encouraging copper-gold assays from the porphyry zone previously predicted to sit below the oxide and high sulphidation gold-silver cap.

In addition, Intrepid has received final assay results for several holes drilled at Zone C into the near surface oxide and sulphide High Sulphidation system.

Hole GTD-08-29 intersected 268 metres at 0.47 grams per tonne gold and 0.32% copper from 390 metres, including 100 metres at 1.02 grams per tonne gold and 0.55% copper from 530 metres.

Brad Gordon, Intrepid Mines Chief Executive Officer commented, this is a very significant intersection for the Tujuh Bukit project.

It confirms the previously interpreted copper-gold porphyry at depth and has confirmed the high gold tenor of the porphyry system, he added.

Additionally, we are pleased to see assay results from all zones that continue to support our overall plan for the development of the Tujuh Bukit project.

We look forward to publishing the inaugural resource for the project in June 2008, concluded Mr. Gordon.

Whilst the intersection is at depth (underneath the Zone C oxide and high sulphidation gold-silver-copper zone) this intercept is at a similar RL to porphyry copper mineralisation mapped in outcrop approximately 1.6 kilometres to the north which may therefore present surface adit access opportunities due to the topography.

This outcrop returned rock chip values of 47 metres at 1.29% copper and 1.71 grams per tonne gold.

IP surveys in this area have defined significant chargeability anomalies that require follow up drilling.

Interpretation of the geophysical data, primarily chargeability and metal factor modelling, suggest that sulphides, that may be associated with the porphyry zone, may occur at a shallower depth to the northeast of hole 29. T

This area is currently being drilled as a priority and results are expected in early July.