SCIDEV LTD — Earnings Release 2007

Aug 29, 2007

Intec Ltd

ASX Code: INL ABN 25 001 150 849

Superior and Sustainable Metals Production

Gordon Chiu Building J01 Department of Chemical Engineering Telephone: +612-9351-6741 Maze Crescent Facsimile: +612-9351-7180 University of Sydney NSW 2006 Email: mail@intec.com.au Australia Website: www.intec.com.au

MEDIA RELEASE 30 August 2007

Intec Forecasts Strong Profit in 2007/2008 Financial Year

Minerals processing group Intec Ltd is expecting strong profit growth in the 2007/08 financial year, following a strong second half performance in 2006/2007.

The Company achieved a $10 million positive half-yearly turnaround by generating a profit of $4.4 million in the final six months, compared with a loss of $5.6 million in the half year to 31 December 2006.

Mr Philip Wood, Managing Director and Chief Executive Officer of Intec, said “Over the last year, Intec has transformed itself into a fully commercial minerals production company and the only new producer of zinc and lead in Australia in 2006 and so far in 2007.”

“Production of bulk zinc concentrate at the Hellyer Zinc Concentrate Project is expected to accelerate during the coming year as efforts continue to optimise throughput and metal recoveries,” he added.

Monthly shipments of around 5,000 tonnes of bulk zinc concentrate from the Hellyer Zinc Concentrate Project have a provisional average grade of 38% zinc, 10% lead and 210g/t silver, which delivers approximately $3 million profit per month to Intec’s 50 per cent-owned joint venture with the unlisted Polymetals Group.

Mr Wood added, “Meanwhile we are preparing for the commencement next month of our Hellyer Residues Project at our demonstration plant at Burnie, Tasmania.”

The Hellyer Residues Project received a major boost last month, with Intec signing a three year agreement to re-cycle and sell the metals from Electric Arc Furnace (EAF) dust produced by Smorgon Steel at its plants in Melbourne and Newcastle.

The agreement is projected to add about $20 million a year in additional metals sales to Intec starting from 2009, as the waste EAF dust contains high concentrations of zinc, and also some lead and silver – all commodities trading currently at or near historic record prices.

Mr Wood said “We have secured from Australia’s largest EAF dust producer about 65,000 tonnes of EAF dust grading over 30% zinc for processing and are currently in discussions with a range of other steel producers in Australia and overseas to re-cycle their EAF dust.”

“It is expected that Intec’s new Hellyer Residues Project will initially recycle the equivalent of 25,000 tonnes of EAF dust each year. We will apply our proprietary hydrometallurgical process to leach the valuable metals into solution with no liquid or gas emissions and a stable residue for the

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Hellyer tailings dam – a more cost effective and superior environmental outcome compared with any other treatments now employed around the world”, he added.

The Hellyer Residues Project will produce high-grade zinc and lead products for sale at current high prices to existing smelter and refinery customers in China.

“Intec will not only have produced a very good environmental outcome in treating these residues, but is also creating a very profitable revenue stream. This exemplifies how Intec’s innovative technology can create value, unattainable by others, out of difficult metals-bearing resources and residues,” concluded Mr Wood.

For Further Information Call:

Dave Sammut Tim Allerton Corporate Development Manager City PR (02) 9351 6741 (02) 9267 4511.

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