SCIDEV LTD — Board/Management Information 2007

Dec 23, 2007

ABN 25 001 150 849

Gordon Chiu Building J01 Department of Chemical Engineering Maze Crescent University of Sydney NSW 2006 Australia

Phone: 02-9351-6741 Fax: 02-9351-7180 Email: mail@intec.com.au Website: www.intec.com.au ASX code: INL

Companies Announcements Office 24 December 2007 Australian Securities Exchange Limited

Appointment of New Chairman

Intec Ltd (ASX code: INL) advises that, in anticipation of the imminent retirement of Mr Ian Ross with effect on 31 December 2007, Mr Trevor Jones has been elected to become Chairman of the Company's Board of Directors on 1 January 2008.

Mr Ross has been a Director of Intec since 2003 and has served with distinction as its Chairman over the past two years. At the time that Mr Ross became a Director of Intec, he was also a Senior Executive of the Ivanhoe Mines group, which then held more than 20% of the issued capital of Intec (and continues as Intec's largest beneficial shareholder), and he was successful in fostering the mutually beneficial interaction between the two groups, especially in facilitating Intec's acquisition of the Hellyer Project. Under his Chairmanship, Intec re-opened operations at Hellyer, delivering regular cashflow to the Company for the first time, and Intec has recently gained Development Approval for the Hellyer Residues Project, due for construction in 2008 and operation in 2009.

Also over this period, Mr Ross has been instrumental in significantly enhancing Intec's financial reporting, investor relations and corporate governance standards and practices. As the share of Intec’s issued capital held by Ivanhoe Mines group is no longer as large as it has been in the past, Mr Ross has advised the Company that he now feels free to relinquish his Intec directorship to concentrate on other board duties. Mr Ross can have the satisfaction of knowing he has achieved his objectives as Chairman of Intec and he leaves with our very best wishes for success in his other directorships and international business interests.

Mr Trevor Jones joined the Intec Board earlier this year, after a lengthy and very successful career in mining-related finance and stockbroking. Mr Jones will bring his wide range of industry contacts and transactional experience to the role of Chairman and the Company looks forward to continued progress during 2008 and beyond under his Chairmanship.

Yours faithfully, Intec Ltd

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Philip R Wood Managing Director & Chief Executive Officer

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ASX code: INL