Intrepid Mines Limited: Annual General Meeting Results

BRISBANE, AUSTRALIA -- (Marketwire) -- 05/09/12 -- Intrepid Mines Limited (TSX: IAU)(ASX: IAU) -

RESOLUTIONS DECIDED ON A SHOW OF HANDS

The following resolutions were considered at the Annual General Meeting of members of Intrepid Mines Limited on 9 May 2012 and passed by a show of hands:

Resolution 1:  Adoption of the Remuneration Report
Resolution 2:  Re-election of director - Mr Adrianto Machribie
               Reksohadiprodjo
Resolution 3:  Re-election of director - Mr Alan Roberts
Resolution 4:  Re-election of director - Mr Colin Jackson
Resolution 5:  Refresh approval of Company's Employee Option Scheme
Resolution 6:  Refresh approval of Company's Senior Executive Share Plan
Resolution 7:  Refresh approval of Non-executive Directors' Share Plan
Resolution 8:  Approval of payment of potential termination benefits on
               termination or redundancy

PROXY VOTES RECEIVED

                                Votes       Votes      Chairman's
Resolution                   in Favour     Against  Discretionary    Abstain
----------------------------------------------------------------------------
1.  Adoption of
     Remuneration Report   264,523,059   2,403,365        709,089  8,666,262
----------------------------------------------------------------------------
2.  Re-election of
     director - Mr
     Adrianto Machribie
     Reksohadiprodjo       238,832,717  38,588,322        980,594     96,113
----------------------------------------------------------------------------
3.  Re-election of
     director - Mr Alan
     Roberts               271,161,279   6,241,637        949,976    144,854
----------------------------------------------------------------------------
4.  Re-election of
     director - Mr Colin
     Jackson               274,366,924   2,845,936        970,162    120,778
----------------------------------------------------------------------------
5.  Approval of Company's
     Employee Option
     Scheme                270,840,086   5,699,242        748,432    667,257
----------------------------------------------------------------------------
6.  Approval of Company's
     Senior Executive
     Share Plan            258,803,105  17,830,792        732,005    599,115
----------------------------------------------------------------------------
7.  Approval of Company's
     Non-executive
     Directors' Share
     Plan                  269,237,651   7,041,796        757,623    790,180
----------------------------------------------------------------------------
8.  Approval of payment
     of potential
     termination benefits
     on termination or
     redundancy            269,139,088   7,136,478        732,005    657,446
----------------------------------------------------------------------------

ABN: 11 060 156 452

Contacts:

Intrepid Mines Limited

Nyla Bacon

Company Secretary, Brisbane, Australia

+61 7 3007 8000
nbacon@intrepidmines.com
www.intrepidmines.com