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Result of Blackthorn Shareholder Meeting and Status of Merger Implementation

BRISBANE, AUSTRALIA--(Marketwired - Nov. 21, 2014) - Intrepid Mines Limited (ASX:IAU) ("Intrepid", or the "Company"), advises that Blackthorn Resources Limited (ASX:BTR) ("Blackthorn") has announced that the resolution to approve the Merger between Intrepid and Blackthorn was passed at Blackthorn's Scheme Meeting held today.

The Company advises that, in accordance with the timetable included in Intrepid's Notice of Extraordinary General Meeting dated 16 October 2014, Blackthorn will now seek Court Approval to the Scheme on 26 November 2014 following which the Merger Implementation is expected to occur on 11 December 2014.