IDAHO FALLS, ID–( EMWNews – March 31, 2008) – 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 the

biomethane 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 industrial

users of propane within south-central Idaho for its second plant at Wendell

Idaho 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 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.