Simberi Mining Corporation

Simberi Mining Corporation

January 10, 2008 15:17 ET

Simberi Announces Results of the Aboriginal Surveys in South Australia

TORONTO, ONTARIO--(Marketwire - Jan. 10, 2008) - Simberi Mining Corporation ("Simberi"), (TSX VENTURE:SAU) announces today that it has received the Aboriginal Work Clearance Surveys ("Surveys") on both the Mt. Sarah (EL 3924) and Mt. Narlee Properties (EL 3867) in South Australia.

The Surveys were carried out by approved consultants and representatives for the local Native Title Holders in accordance with the regulations. The reports concluded that all of the proposed work areas at Mt. Narlee were cleared for further exploration and all but one of the proposed work areas at Mt. Sarah were cleared for further exploration. The one site at Mt. Sarah was found to be in an area of mythological significance and was not yet cleared for further exploration.

Simberi had set out a total of 12 possible work areas (8 at Mt. Narlee and 4 at Mt. Sarah) for clearance and can now proceed except for the one that is considered to be within areas of cultural significance. This area is considered to be of low geological importance and Simberi is proceeding to undertake further geophysical exploration to delineate drill targets within the high priority work areas.

About Simberi:

Simberi Mining Corporation is a junior resource company focused on the exploration and acquisition of developed low cost precious and base metal projects internationally. The company's main exploration project is the Kakanda Copper/Cobalt project in the Democratic Republic of the Congo. This is a world class copper/cobalt deposit in the Central African Copper Belt. Simberi also has several projects in Australia; Lambina, joint ventures on Mt. Sarah and Mt. Narlee projects primarily located in the G-2 corridor within the Gawler Craton in South Australia that is the host for the copper/uranium/gold Olympic Dam type deposits. The Merlot property located in the Mt. Margaret mineral field in Western Australia 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". All dollar amounts are Canadian dollars unless otherwise noted.

Neither the TSX Venture Exchange, nor any other securities regulatory authority has approved or disapproved of the contents of this news release.

Contact Information