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[Dallas Boy50]

News for 'IESV' - (Intrepid Technology Announces 30 Million Cubic Feet a Day in Natural Gas Production)


WENDELL, Idaho, Mar 16, 2005 (PRIMEZONE via COMTEX) -- The announcement of a
natural gas pipeline, built by Intrepid Technology and Resources, Inc. (ITR)
(OTCBB:IESV), a renewable energy company, in the heart of southern Idaho's dairy
industry has one rural mayor pretty energized.

Mayor Paul D. Isaacson in Wendell believes that the renewable energy company
will not only bring to his community as many as 125 jobs, but it will measurably
reduce the affects of the 350,000 head of milk cows and cattle that surround the
area.

"What ITR brings to our area is not only jobs, related to their biogas
production and sales, but an inroad onto air quality issues," said Isaacson.
With the estimated 350,000 cows in the region the waste is overwhelming as well
as associated odors. With that many animals within seven miles of Wendell, and
by utilizing only half of the available manure from the area, would result in
over 30 million cubic feet a day in natural gas production. Truly the Wendell
area of Idaho could equal many small to mid-range natural gas fields found
within the U.S. and make Wendell the natural gas capital of Idaho."

The Methane production is the first of three phases of the "Green Energy
Industrial Park" slated for the Wendell area. Included in this phase will be the
installation of a pipeline in the two county areas to accumulate the gas to a
central point where it can be "packaged" or made available to the end user. Soon
to follow is the plan to expand the "Green Energy Industrial Park" facilities to
produce Bio-Diesel using the oil grains that can be grown locally.

"Finally the crown of the entire project is the Ethanol production that would be
added to the facility, which would make Wendell truly the energy capitol of
Idaho and a key player in making the western part of the nation energy
independent," said Isaacson.

Dr. Dennis Keiser, ITR's chairman, noted that the gas production quoted by the
mayor of 30 million cubic feet of gas per day would make ITR's gas production in
the Wendell-Jerome area of Idaho one of the most significant new gas fields
within the continental U.S.

Dr. Keiser stated, "We are pleased with the validation Mayor Isaacson provides
to our Methane to market approach relative to production and distribution of
biogas and recognition of the substantial environmental impact our company
provides the dairy industry. We are also pleased to be working with the
community of Wendell to potentially build other bio-fuel facilities such as
bio-diesel and ethanol."

Statements released by Intrepid Technologies and Resources that are not purely
historical are forward-looking within the meaning of the "Safe Harbor"
provisions of the Private Securities Litigation Reform Act of 1995, including
statements regarding the company's expectations, hopes, intentions and
strategies for the future. Investors are cautioned that forward-looking
statements involve risk and uncertainties that may affect the company's business
prospects and performance. The company's actual results could differ materially
from those in such forward-looking statements. The company does not undertake
any responsibility to update the forward-looking statements contained in this
release.

SOURCE: Intrepid Technology and Resources, Inc.


By Staff

CONTACT: Intrepid Technology and Resources, Inc.Steve [e-mail]