Simberi Mining Corporation
TSX VENTURE : SAU

Simberi Mining Corporation

August 19, 2009 14:00 ET

Simberi Announces Results of Annual and Special Meeting

TORONTO, ONTARIO--(Marketwire - Aug. 19, 2009) - Simberi Mining Corporation ("Simberi") (TSX VENTURE:SAU) announces that its Annual General and Special Meeting of Shareholders was held on Friday, August 14, 2009 at 80 Richmond Street West, Suite 1101, Toronto, Ontario. A number of items of business were put before the shareholders.

Board of Directors

The shareholders approved the following individuals to serve as directors of Simberi for the ensuing year: Michael Newbury, Maurice Stekel, William Potter, John Cerenzia, James Hershaw and David Ashworth.

Auditors

The shareholders approved McCarney Greenwood LLP Chartered Accountants to serve as auditors of Simberi for the ensuing year and authorized the directors to fix their remuneration.

Stock Option Plan

The shareholders re-approved a special resolution to maintain the Corporation's current stock option plan; a rolling 10% of all issued and outstanding Common Shares.

Corporation Name Change

The shareholders approved the special resolution authorizing the Corporation's board of directors to effect a change of name of the Corporation.

Share Consolidation

The shareholders approved the special resolution authorizing the Corporation's board of directors to effect a Consolidation of the Common shares of the Corporation.

About Simberi:

Simberi Mining Corporation is a Canadian based international mineral development company that develops a portfolio of natural resource properties and companies.

Simberi's main development project is the Kakanda Copper/Cobalt project in the Democratic Republic of the Congo that is held in a joint venture with Gecamines, the Congolese state mining company. This copper/cobalt deposit in the Central African Copper Belt is adjacent to the Tenke Fungurume project being developed by Freeport McMoRan Gold & Copper Company and Tenke Mining Corp.

The Kakanda project has a NI 43-101 report showing a measured and indicated resource of 18.5 million tonnes with an average grade of 1.2% copper and 0.15% cobalt for the tailings deposit. Adjacent hard rock deposits have a historical resource of 18.6 million tonnes at 3.19% copper and 0.19% cobalt.

Simberi has three exploration projects in Australia and an interest in a uranium company that has a number of exploration projects; one is the Sunday Creek property that is adjacent to the Kintyre Uranium property currently being developed by Cameco. Two properties are located in the Gawler Craton in South Australia, the host for the copper/uranium/gold Olympic Dam type deposits. Another property is located in Western Australia and covers a portion of the Sefton Lineament, a major structural feature that is host for copper, nickel and platinum group metals.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Michael Newbury, P.Eng., is the qualified person who has reviewed this material on behalf of the Company. All dollar amounts are noted in Canadian dollars unless otherwise stated in this release.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information