Intrepid Mines Limited: Kitumba Technical Report Filed

BRISBANE, AUSTRALIA--(Marketwired - Oct 9, 2014) - Intrepid Mines Ltd. (ASX:IAU) ("Intrepid" or the "Company") announces that a report entitled "Kitumba Copper Project Optimised Pre-Feasibility Study NI43-101 Technical Report" dated 25 September 2014, has been filed on SEDAR (www.sedar.com) and on the ASX platform, following the announcement on 28 August 2014, of the proposed merger between Intrepid and Blackthorn Resources Ltd. ("Blackthorn"). The report was prepared by independent consultants Lycopodium Minerals Pty Limited, in accordance with Canadian National Instrument 43-101 and the JORC Code.

The Kitumba Project ("Kitumba"), situated in west-central Zambia, is Blackthorn's flagship project. An Optimised Pre-Feasibility Study on Kitumba was completed by Blackthorn in April 2014, and the technical report relates to this study. Should the proposed merger complete as anticipated, Kitumba will be the merged entity's cornerstone project and management will progress a Definitive Feasibility Study as a priority.