SCIDEV LTD — Capital/Financing Update 2006

Oct 19, 2006

ABN 25 001 150 849

Superior and Sustainable Metals Production

Gordon Chiu Building [0] 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

20 October 2006

Companies Announcements Office Australian Stock Exchange Limited

Hellyer Zinc Concentrate Project Update

Intec Ltd (ASX code: INL) is pleased to advise that, pursuant to the recommendation of the Tasmanian Department of Primary Industries Water and Environment, the Waratah-Wynyard Council issued its Planning Permit for the Hellyer Zinc Concentrate Project (HZCP, a 50/50 joint venture between INL and Polymetals (Hellyer) Pty Ltd) on 16^th October 2006.

The HZCP's dredge has arrived on the Hellyer site and was launched onto the tailings dam surface on 17 October 2006 (see photograph).

Wet commissioning of the entire HZCP processing flowsheet has thus now been commenced, with initial bulk zinc concentrates production scheduled for the end of this month.

Yours faithfully Intec Ltd

hin R. Wood

Phillip R Wood Managing Director and Chief Executive Officer