Intrepid Minerals Files Management Information Circular

Intrepid Minerals Corporation (TSX:IAU) is pleased to announce that it has filed its Management Information Circular with the Canadian system for electronic document analysis and retrieval ("SEDAR").

Intrepid's Annual General and Special Meeting of Shareholders will be held on Wednesday, June 7, 2006 at 12:00 pm., at The Dominion Club, 12th Floor, Chairman's Boardroom, 1 King Street West, Toronto, Ontario, Canada.

Intrepid Minerals is a TSX-listed company engaged in the acquisition, exploration and development of mineral prospects. Intrepid is currently completing a plan of arrangement with NuStar Mining Corporation Limited of Australia which will result in the merged entity having an international production, development and exploration profile. The Company, either directly or through joint venture partnership, holds interests in several gold-silver and silver-base metal properties in Argentina, El Salvador, and Canada. Intrepid has 59,012,936 shares outstanding.

For further information visit our website at http://www.intrepidminerals.com

FORWARD LOOKING STATEMENTS

This Press 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 has neither approved nor disapproved the information contained in this press release.

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