N@N

BRISBANE, AUSTRALIA--(Marketwire - June 25, 2010) - The directors of Intrepid Mines Limited ("Intrepid" or the "Company"), (TSX:IAU)(ASX:IAU) hereby give notice, pursuant to section 36 of the Company's constitution that the General Meeting of Shareholders scheduled for 10:00 am on Monday 28 June, to consider the proposed sale of the Paulsens Gold Mine to Northern Star Resources ("EGM") will be postponed to 10:00 a.m. on 21 July 2010. The venue will also be changed to The Sofitel Hotel, 249 Turbot Street, Brisbane.

The directors believe it appropriate to postpone the meeting to allow shareholders adequate opportunity to consider the additional information provided to the market in announcements made earlier this week, and to progress discussions with Northern Star Resources in respect of the variation of the commercial terms of the Paulsens transaction.

Directors will keep shareholders advised of further developments and recommend that shareholders take no further action pending such announcements.

ABN: 11 060 156 452