Intrepid Begins Selling Gas From Biogas Plant #2

IDAHO FALLS, ID–(EMWNews – August 19, 2008) – Intrepid Technology and Resources, Inc.

(OTCBB: ITRP), a renewable biogas alternate energy and soil amendment

company, reached another critical milestone by its first delivery of

pipeline quality gas from the WestPoint biogas plant to its Landview

Fertilizer customer. Deliveries began the week of 11 August 2008 and are

continuing on a regular basis.

“Having successfully demonstrated our ability to supply high quality gas in

a timely manner and in sufficient quantities to satisfy demand, other

remote industrial propane users are approaching ITR to discuss the

possibilities of supplying them as well. We expect to sign two additional

customers in the near term and look forward to expanding our service area,”

stated Jack Haffey, ITR CEO.

Brad Frazee, Executive Vice President, said, “A combination of factors that

led to a prolonged startup process at WestPoint appears to have had a

positive effect on the bacteria culture we were attempting to cultivate.

We are experiencing a steady and very encouraging rise in production levels

as the biological activity within the digester tanks continues to grow.

The knowledge we have gained in this startup will be of great benefit to us

in our future projects and in optimizing our existing operations.”

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.

Statements released by Intrepid Technology and Resources, Inc. 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.