Red Back Mining Inc.

Red Back Mining Inc.

August 07, 2008 13:55 ET

Red Back Comments on Recent Events in Mauritania

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 7, 2008) - Red Back Mining Inc. (TSX:RBI) (the "Company" or "Red Back") is the owner and operator of the Tasiast gold mine in Mauritania.

On August 6, 2008 a peaceful coup d'etat occurred in Mauritania and a High State Council was established. Below are excerpts from a communique released on August 7, 2008:

"The High Council of State has ended the powers of the President of the Republic, invested in him on April 19 2007, and it will take the necessary steps to assure the continuity of the State. It will also supervise, in concert with the institutions (of state), political groups and civil society, Presidential elections in order to continue the democratic process and put it on a sustainable basis.

These elections, which will be organized in the shortest time possible, will be free and transparent and assure a future with continuity and harmony in all constitutional powers.

The High Council is committed to respect all international treaties and engagements and conventions which Mauritania has signed."

- translation by Red Back Mining Inc.

Reports from our Nouakchott office confirm that Mauritanians are going about their daily business, shops are open and the airport has returned to normal operations.

The Tasiast gold mine continues to operate normally and has not been affected in any way. Tasiast is located in a remote part of north-western Mauritania, about 330 km from Nouakchott. Red Back personnel in country, including Chief Operating Officer Kevin Ross, are continuing to conduct operations as usual.

Red Back is committed to working with the people of Mauritania to realize the potential of the country's mineral resources.

About Red Back

Red Back Mining Inc. is an unhedged African focused gold producer. It owns and operates the Chirano Gold Mine in Ghana (90% interest) and the Tasiast Gold Mine in Mauritania (100% owned). Major plant expansions at both Chirano and Tasiast are underway. An aggressive exploration program aimed at increasing the Company's resource and reserve base at both Chirano and Tasiast is continuing.

This News Release contains forward looking statements which are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward looking statements. The Company does not intend to update this information and disclaims any legal liability to the contrary.

On Behalf of the Board,

Richard P. Clark, President and CEO

Contact Information

  • Red Back Mining Inc.
    Simon Jackson
    VP-Corporate Development
    (604) 689-7842
    Red Back Mining Inc.
    Sophia Shane
    Investor Relations
    (604) 689-7842