Intrepid Mines’ Target H prospect in Mumbwa Project Returns Encouraging Results

Intrepid Mines Limited advises that assay results from the first exploration drill hole at the "Target H" prospect within the Mumbwa Project in west-central Zambia, have returned encouraging results.

Copper highlights from HDD_001 include:

• 7 metres at 1.23% copper from 42 metres including
• 1 metre at 2.09% copper from 45 metres
• 2 metres at 1.85% copper from 130 metres
• 58 metres at 0.61% copper from 185 metres including
• 16 metres at 1.02% copper from 193 metres
• Gold highlights from HDD_001 include
• 5 metres at 0.65 g/t gold from 204 metres including
• 1 metre at 1.14 g/t gold from 206 metres

Two diamond and one RC rig currently drilling high priority targets within the Mumbwa project

The Company's CEO, Scott Lowe said: "We are pleased to have such encouraging results from the first diamond drill hole drilled at Target H and the first hole for the 2015 season. Of particular interest is the gold grade. A follow-up hole is currently being drilled at Target H. These results support our exploration approach and confirm the presence of copper in the system beyond Kitumba. This result gives us confidence going forward for the rest of the season."