INTERMET Names Jeff Mihalic as President and CEO

FORT WORTH, Texas, Nov. 7, 2006 -- INTERMET Corporation, one of the world's leading manufacturers of cast-metal automotive components, today announced that the Board of Directors unanimously selected Jeffrey Mihalic as President and Chief Executive Officer and appointed him to the Board. In this position, Mihalic will assume responsibility for all domestic and international operations of the company. The INTERMET Board stated that, "Jeff has earned the support and confidence of the Board and the investors based upon his performance during INTERMET's turnaround. As such, we are extremely pleased that Jeff has agreed to take on this additional responsibility, and feel that his leadership and vision will continue to strengthen INTERMET's commitment to our customers and employees."

Mihalic has over 28 years' experience in the manufacturing sector. He joined INTERMET as Acting President in March 2006 from Q Investments, a Fort Worth, Texas, investment firm and an investor in INTERMET. Prior to joining Q Investments, Mihalic held senior leadership positions at Bombardier Aerospace and United Airlines. Mihalic has a Bachelor of Science degree in mechanical engineering from the University of Colorado and a master's degree in business administration from the University of Puget Sound.

About INTERMET: INTERMET Corporation is a leading manufacturer of cast- metal components for the automotive, commercial-vehicle and industrial markets. With approximately 4,500 employees worldwide and over 700,000 tons of annual casting capacity, the company is organized into five distinct manufacturing groups: Die Casting, Domestic Ferrous, Missouri Die Casting, PCPC and Europe. More information is available on the Internet at http://www.intermet.com/ .