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Intrepid Notes New Federal Biogas Initiative

Idaho Falls, ID -- Intrepid Technology and Resources, Inc.(ITR), an Idaho-based publicly traded biofuels production company, announced today that Idaho Senator Larry Craig (R-Idaho) joined Nebraska Senator ,b>Ben Nelson (D-Neb.) on April 18, 2007 in proposing groundbreaking legislation that will promote the development of biogas through tax incentives and guaranteed loans for small businesses.

"This proposed legislation would greatly benefit ITR by enhancing our ability to rapidly expand our waste to energy conversion technology.

"It is estimated that ITR would benefit by millions of dollars annually in tax credits," said Dr Dennis Keiser, CEO of ITR.

ITR's biogas facilities (waste management systems) are designed to convert animal waste into high purity natural gas which is then fed into the local gas utility pipeline system for commercial/industrial distribution and sale, or converted to other easily transportable forms such as liquid natural gas for other uses such as industrial and agricultural heating and process fuels, alternative transportation fuel, or remote community municipal use.

ITR is operating one biogas plant with a second plant ready to come into production this summer.

Senator Craig said, "You create a new market, help control waste, keep our environment clean, and create a new revenue stream for farmers.

"That is why this is so exciting and worthwhile."

"The technology to break down animal wastes to create biogas already exists but it needs encouragement from the federal government to become a commercially-viable alternative to natural gas.

"This new energy source would benefit rural communities and the environment while lessening our dependence on fossil fuels," said Senator Nelson.

"We shouldn't waste the waste; we should promote biogas development."

Dr. Keiser noted that "Our internal analysis has shown that enough animal waste is produced in the United States each year to replace more than 10% of our domestic natural gas needs if this waste were processed with anaerobic digesters.

"It makes sense that this country cannot overlook this potential new source of natural gas especially when the only other alternative is LNG coming in from foreign countries."

"With the passage of this proposed legislation, the country is taking a significant step in achieving energy self reliance but at the same time promoting a major step in reducing carbon emissions or greenhouse gases," Dr. Keiser concluded.

Senators Craig and Nelson further said that this proposed legislation, the Biogas Production Incentives Act of 2007, would encourage greater production of biogas for energy purposes by:

* Providing biogas producers with a tax credit of $4.27 for every million British thermal units (mmBtu) of biogas produced;

* Providing loans, loan guarantees, and/or grants for the multi-farm collection and transportation of qualified energy feedstock from smaller livestock operations to a qualified facility, or for the purchase or construction of equipment or facilities for collection and transportation;

* Creating a counter-cyclical safety net for biogas producers by providing payment from Commodity Credit Corporation funds to qualified biogas producers only when the annual average daily prices of natural gas falls below a certain level.

For more information, call 208-529-5337

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• Intrepid Technology and Resources

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