TORONTO, ONTARIO -- (MARKET WIRE) -- 09/13/2006 -- Intrepid Mines Limited (TSX: IAU)(ASX: IAU) and Intrepid NuStar Exchange Corporation (TSX: IXN) today jointly filed its annual "Appendix 4E - Preliminary Final Report" (the "Report"), complying with the requirements of the Australian Stock Exchange (the 'ASX'). The Report contains unaudited management prepared financial statements for the Corporation for the year ended June 30, 2006.

In order to ensure that shareholders outside of Australia have access to this information, the Corporation will file a copy of the Report on SEDAR which can be viewed at www.sedar.com and on its website which can be viewed at www.intrepidmines.com. The Report will be filed on SEDAR as an attachment to a material change report.

The Corporation is in the process of finalizing its audited financial statements which will be filed as soon as they are available and, in any event, by no later than September 28, 2006.

On behalf of the Board of Directors of Intrepid Mines,

Laurence Curtis, President & CEO

Intrepid Mines Limited has an international production, development and exploration profile, and holds interests in several gold-silver and silver-base metal properties in Australia, Argentina, El Salvador, and Canada, either directly or through joint venture partnership. The issued capital is 150,032,576 shares comprised of 118,581,968 ordinary shares of Intrepid Mines Limited quoted on the TSX:IAU and ASX:IAU and 31,450,608 Exchangeable Shares of Intrepid NuStar Exchange Corporation quoted on the TSX:IXN.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This release contains certain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX & ASX has neither approved nor disapproved the information contained in this press release. Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.

CUSIP: Q4968A

ABN: 11 060 156 452