EXHIBIT 99.1

INTERMET CORPORATION
5445 Corporate Drive
Troy, MI 48098-2683
Tel:  248-952-2500
Fax: 248-952-2501

INTERMET

                                                NEWS RELEASE

                                                For IMMEDIATE Release
                                                Investor Inquiries: Bytha Mills
                                                Media Inquiries: Mike Kelly
                                                INTERMET Corporation
                                                248-952-2500

INTERMET RECEIVES COURT APPROVAL OF $20 MILLION INTERIM FUNDING UNDER DIP CREDIT
FACILITY

TROY, Michigan, October 20, 2004 - INTERMET Corporation (Pink Sheets: INMTQ)
today announced that the U.S. Bankruptcy Court of the Eastern District of
Michigan entered an order giving INTERMET approval to borrow up to $20 million
under the $60 million debtor-in-possession (DIP) credit facility that Deutsche
Bank Trust Company Americas and The Bank of Nova Scotia have committed to
provide to the company. The court's order approved the material terms and
conditions of the financing that have been negotiated by INTERMET and the
lenders. The order also approved the placement of a lien on substantially all of
INTERMET's assets having priority over the liens of the company's pre-petition
lenders. INTERMET'S borrowing of the $20 million is subject to a budget that
will be agreed to by the company and the DIP lenders as part of a DIP credit
agreement to be executed.

The $20 million interim funding will be available to INTERMET following the
execution of the DIP facility documents, including a credit agreement, which the
company expects will occur this week. The remaining $40 million of availability
under the DIP facility is subject to additional conditions and limitations,
including approval by the DIP lenders of an updated budget and financial
projections prepared by INTERMET, final approval by the court and other
customary conditions.

About INTERMET

With headquarters in Troy, Michigan, INTERMET Corporation is a manufacturer of
powertrain, chassis/suspension and structural components for the automotive
industry. The company has approximately 6,000 employees worldwide. More
information is available on the Internet at www.intermet.com.

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INTERMET Corporation
October 20, 2004
Page 2

Cautionary Statement

      This news release includes forward-looking statements within the meaning
      of the Private Securities Litigation Reform Act of 1995. The word and
      phrases "expects", "anticipates" and similar expressions identify
      forward-looking statements. These statements are not guarantees of future
      performance but instead involve various risks and uncertainties.
      INTERMET's actual results may differ materially from those suggested by
      its forward-looking statements due to factors such as: the economic cost,
      management distraction and lost business opportunities associated with
      bankruptcy proceedings; INTERMET's ability to consummate its anticipated
      DIP financing; the high cost of scrap steel and the possibility that scrap
      steel costs will remain at high levels or continue to increase, which
      would have further negative effects on INTERMET's profitability, cash
      flow, liquidity and ability to borrow; fluctuations in the cost of other
      raw materials, including the cost of energy, aluminum, zinc, magnesium and
      alloys, and INTERMET's ability, if any, to pass those costs on to its
      customers; pricing practices of INTERMET's customers, including changes in
      their payment terms resulting from the discontinuation of early payment
      programs and continuing demands for price concessions as a condition to
      retaining current business or obtaining new business, and the negative
      effect that price concessions have on profit margins; changes in
      procurement practices and policies of INTERMET's customers for automotive
      components, including the risk of the loss of major customers or the loss
      of current or prospective vehicle programs as a result of INTERMET's
      financial condition and prospects (or otherwise); possible inability to
      close unprofitable plants or to transfer work from one plant to another
      because of the related costs or customer requirements; general economic
      conditions, including any downturn in the markets in which INTERMET
      operates; fluctuations in automobile and light and heavy truck production,
      which directly affect demand for INTERMET's products; deterioration in the
      market share of any of INTERMET's major customers; fluctuations in foreign
      currency exchange rates; work stoppages or other labor disputes that could
      disrupt production at INTERMET's facilities or those of its customers;
      continuing changes in environmental regulations to which INTERMET is
      subject, and the costs INTERMET will incur in meeting more stringent
      regulations; factors or presently unknown circumstances that may result in
      impairment of INTERMET's assets, including further write-downs of its
      goodwill; and other risks as detailed from time to time in INTERMET's
      periodic SEC reports.

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