AIC Mines Ltd IAUFF

Court approves deal!

[jcjohn36]

Court Approves Scheme of Arrangement for Intrepid/Emperor Merger Mon Mar 10, 9:15 AM TORONTO, ONTARIO and PERTH, AUSTRALIA--(Marketwire - March 10, 2008) - Intrepid Mines Limited (TSX: IAU.TO)(TSX: IXN.TO)(ASX: IAU.AX)("Intrepid") and Emperor Mines Limited (ASX: EMP.AX)("Emperor") are pleased to announce that the Brisbane Registry of the Federal Court has today approved the scheme of arrangement between Emperor and its shareholders relating to the proposed merger of Emperor and Intrepid. Emperor shareholders voted overwhelmingly in favour of the merger at a shareholders meeting held on Thursday, 28 February 2008, with 97.93% of votes cast in favour of the scheme. Intrepid shareholders also approved the merger at a shareholders meeting held on Monday, 3 March 2008, with 92.1% of votes cast in favour. The scheme will become effective on Tuesday, 11 March 2008 following the lodgement of a copy of the Court order approving the scheme of arrangement with the Australian Securities and Investments Commission. Trading of shares in Emperor will be suspended from close of trading on 11 March 2008. The key dates in relation to the scheme of arrangement are set out below. ------------------------------------------------------------------------- 11 March 2008 Effective Date of the scheme of arrangement. Trading in Emperor shares on ASX suspended from close of trading on ASX. ------------------------------------------------------------------------- 12 March 2008 Commencement of deferred settlement trading in New Intrepid Shares. ------------------------------------------------------------------------- 18 March 2008 Record Date for determining entitlement to Scheme Consideration. ------------------------------------------------------------------------- 25 March 2008 Implementation Date for allotment of New Intrepid Shares. ------------------------------------------------------------------------- 26 March 2008 Trading of New Intrepid Shares to commence on a normal settlement basis. ------------------------------------------------------------------------- 29 April 2008 Last day to dispatch cash proceeds from sales of New Intrepid Shares to Ineligible Overseas Shareholders. ------------------------------------------------------------------------- Note: Dates are indicative only. Emperor and Intrepid reserve the right to vary any and all of the items and dates set out above without notifying Shareholders of these changes.