Intrepid Technology Installs First of A Kind Alternative Energy System

IDAHO FALLS, Idaho, Aug. 2, 2004 (PRIMEZONE) -- Intrepid Technology and Resources, Inc. (ITR) (OTCBB:IESV), an alternative and renewable energy company has begun the final stages of construction on ITR's methane gas refinery located near Rupert, Idaho with the arrival today of the twin 35,000 gallon steel digester tanks.

The installation of the digester and mixing tanks along with the ancillary connecting systems will take approximately four weeks to complete and the remaining requirements of the completed system will take an additional week. ITR will begin fueling the digester by the first week in September. The first animal waste to be processed will take a month to complete. The digesters will thereafter be capable of processing a 35,000-gallon tank in 5 days. The digesters operate on a continuous fill basis and therefore require no down time for re-loading.

The digesters, which were designed by Utah State University, are unique in that the processing time is dramatically reduced and they produce gasses that contain methane, or combustible gas, which regularly exceed 80% of the total gas generated. This allows ITR to use a variety of end user markets. They include piping it directly to a customer, distributing the gas into an existing pipeline, compressing the gas or liquefying it. The gas produced from the first refinery will be sold for industrial or transportation fuel. Approximately one month after beginning operations gas production from the refinery should attain optimal results.

ITR notes that the system, a first of its kind, has generated considerable interest within the dairy and livestock industry nationwide. This reinforces the belief that demand for the proprietary anaerobic digester systems will remain robust; especially as abundant and reliable new energy sources are needed globally.

Additional information and up to date photographs of the site will be available at the company's web address on Friday, July 30th.

About Intrepid Technology: We are a premier technology application innovator of Biogas, bio-diesel and Ethanol products and services designed to assist in worldwide energy independence and reduce pollution. All of these are from renewable agriculture feedstock and industrial and agriculture waste materials.

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. Risk factors include but are not limited to general economic, competitive, governmental and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.



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