Intrepid Shareholders Overwhelmingly Approve Settlement of the Indonesian Dispute for a US$80 Million Cash Consideration
BRISBANE, AUSTRALIA--(Marketwired - Apr 9, 2014) - Intrepid Mines Ltd. (TSX:IAU)(ASX:IAU) ("Intrepid", or the "Company"), is pleased to advise that shareholders have voted overwhelmingly in favour of the Intrepid Board's recommended settlement of the Indonesian dispute. Formal completion of the transaction following this positive result is expected to occur on 10 April 2014, with the funds expected to be in the Company's account in the following days.
Managing Director Scott Lowe said "We are very pleased that the shareholders have endorsed the board's recommended commercial settlement of the Indonesian dispute. It is particularly encouraging that the vote for the resolution is the highest in the Company's history. We now look forward to presenting shareholders with a choice regarding the deployment of the funds."
The Company advises that the Resolution to approve the settlement was passed on a show of hands. Proxies received were as follows:
| Votes in FAVOUR | Votes Against | Open to Board | Open - Other | Abstain |
| 373,634,652 | 1,288,841 | 1,875,570 | 38,045 | 141,575 |
Contact
Inquiries regarding this report and Company business may be
directed to:
Intrepid Mines Ltd.
Scott Lowe, Chief Executive Officer, Brisbane, Australia
+61 7 3007 8000
slowe@intrepidmines.com
Intrepid Mines Ltd.
Greg Taylor, Toronto, Canada
+905 337 7673 or Mobile: +416 605 5120
gtaylor@intrepidmines.com
www.intrepidmines.com