Intrepid Delivers First Commercial Gas

IDAHO FALLS, ID, Mar 31 (MARKET WIRE) --
Intrepid Technology and Resources, Inc. (OTCBB: ITRP), a renewable biogas
alternate energy and soil amendment company, delivered and sold its first
trailer
load of gas to its new industrial customer today, March 31, 2008. The
customer is a well-established regional fertilizer producer located in
close proximity to ITR's Whitesides Plant. The customer plant is just
starting up for this year's annual production campaign and when they reach
peak production, gas sales will approach $10,000 per week to this single user
alone.

This represents a significant milestone in the company's development of
thebiomethane gas market. This gas replaces propane usage at the industrial
facility,
providing an energy cost savings to the customer, and providing Intrepid a
higher
value revenue stream than natural gas customers.

The company is working to establish similar contracts with other
industrialusers of propane within south-central Idaho for its second plant at
WendellIdaho and has received expressions of interest from several now that we
have
demonstrated our ability to deliver. The company is currently rotating its
three
gas trailers between its two plants and the industrial customer to continue the
transportation of its renewable gas product. The gas quality continues to
exceed all FERC requirements for pipeline natural gas.

About Intrepid Technology and Resources, Inc.: We are an application
innovator in
Alternative Energy technology and production and of biogas products and services
designed to assist in worldwide energy independence, reduce pollution and carbon
emissions from renewable agriculture feedstock and industrial and agriculture
waste
materials. Intrepid is additionally a significant producer of high quality
soil amendment products used by both residential and commercial customers to
improve water retention and oxygen content of soil.

Statements released by Intrepid Technology and Resources, Inc. that are
notpurely 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.

For additional information contact:
Steve Ellis
(208-529-5337)
Email Contact

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