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JUN 17, 2005 - 17:03 ET
High River Gold Sells Part of its Shareholding in Intrepid Minerals
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TORONTO, ONTARIO--(CCNMatthews - June 17, 2005) - High River Gold Mines Ltd. (TSX:HRG) ("High River") announced today that it has sold three million shares of Intrepid Minerals Corporation ("Intrepid") (TSX:IAU) at a share price of 45 cents per share for gross proceeds of $1,350,000. High River now holds 1,790,941 Intrepid shares.
High River's sale provides additional working capital to assist the Company in meeting its short- term funding requirements on its two high priority development projects. High River remains very positive on Intrepid, its management and its projects.
FOR FURTHER INFORMATION PLEASE CONTACT:
High River Gold Mines Ltd.
Don Whalen
Executive Chairman
(416) 947-1440
(416) 360-0010 (FAX)
or
High River Gold Mines Ltd.
Laurie Gaborit
VP Investor Relations & Corporate Secretary
(416) 947-1440
(416) 360-0010 (FAX)
info@hrg.ca
www.hrg.ca
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