Birim Goldfields Inc.

Birim Goldfields Inc.

March 30, 2005 08:25 ET

Birim Goldfields Inc.: Golden Star Begins Extensive Exploration Program on Dunkwa Royalty Property


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BIRIM GOLDFIELDS INC.

TSX SYMBOL: BGI

MARCH 30, 2005 - 08:25 ET

Birim Goldfields Inc.: Golden Star Begins Extensive
Exploration Program on Dunkwa Royalty Property

MONTREAL, QUEBEC--(CCNMatthews - March 30, 2005) - Birim Goldfields Inc.
(TSX:BGI) ("Birim" or "the Company") wishes to inform its shareholders
that Golden Star Resources Ltd. ("Golden Star") has commenced an
extensive US$1.1 million work program on Birim's original Dunkwa
concession in Ghana which includes the Mampon gold deposit.

Forecast exploration expenditure reported by Golden Star for the Dunkwa
concession for 2005 totals US$1.1 million. The programs will involve
diamond drilling, reverse circulation drilling ("RC") and Rotary Air
Blast ("RAB") drilling at Mampon and RC and RAB drilling along the
projected strike of the Main Crush Zone from Opon, in the southern
portion of the concession to North of Mampon. Total estimated drilling
for 2005 is approximately 18,000 meters of RC, 3,000 meters of Diamond
and 14,000 meters of RAB. The 2005 exploration programs have been
designed to prove up the Mampon reserves and collect relevant data for
the completion of permitting and detailed mine planning on this gold
deposit. The RC and RAB drilling programs are designed both to infill
previous drilling and to test new soil geochemical and geophysical
targets.

Drilling has now commenced on the Mampon deposit with eight holes
totaling 640 meters already completed in February. The metallurgical
drilling program is expected to be completed in March and samples will
be selected and sent to Ammtec Laboratories in Perth for processing. An
additional 4 geotechnical holes will be drilled following the completion
of this program. Data collected from the metallurgical and geotechnical
programs will be used to complete the feasibility study on this project.

In August 2003, Birim and Golden Star announced a transaction which
entitles Birim to receive royalty payments for all gold recovered from
the Dunkwa concession, which includes the Mampon gold deposit. The terms
of the sale transaction provided Birim with an initial royalty payment
of US$3.4 million for the first 200,000 ounces of gold recovered from
the Mampon deposit. All Mampon gold production exceeding 200,000 ounces
and any additional production from other deposits on the Dunkwa property
is subject to a sliding scale net smelter return ("NSR") royalty varying
between 2.0 and 3.5 percent, dependent upon the gold price as noted
below:



Average Quarterly Gold Price (London P.M. Gold Fix) Royalty
--------------------------------------------------------------------
Equal to and less than $300/oz 2.0%
Greater than $300/oz and equal and less than $350/oz 2.5%
Greater than $350/oz and equal and less than $400/oz 3.0%
Greater than $400/oz 3.5%


Birim Goldfields Inc. is a royalty-based exploration company and trades
on the Toronto Stock Exchange under the symbol BGI.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Birim Goldfields Inc.
    Denis Simoneau
    President
    (514) 393-8611 or 1-800-721-8611
    (514) 393-1158 (FAX)
    info@birim.com
    www.birim.com