Boulder Mining Corporation

Boulder Mining Corporation

September 06, 2005 18:20 ET

Boulder Mining Corporation; Indian River Receives Water License and Mining Land Use Approval: Processing Commences on Down Stream Bench

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 6, 2005) - John H. McAdam, President of Boulder Mining Corporation (TSX VENTURE:BDR) is pleased to report that the Yukon Water Board has granted the Company a Type B Water Licence and a Mining Land Use approval both expiring on June 1, 2015. Processing of the gold bearing gravel on the Down Stream Bench is now underway at the Indian River Gold Project located 30 km south of Dawson City, Yukon.

Two areas, totaling approximately 50,000 square metres, have been stripped of overburden. The upper gravels were then removed exposing the pay gravels, which are now substantially all thawed. The pay gravels are being fed into the processing plant using the Komatsu 750 excavator. The plant consists of a hopper, a double-deck vibrating screen subject to a thorough washing using spray bars. The minus 1/2 inch material falls into a catch tray which discharges into an angle iron sluice run and then into a distributor that feeds three expanded metal sluice runs. Sluice concentrate will be cleaned up using a concentrating table. The plant commenced processing at approximately 300 tonnes per hour and will be scaled up over the next few days. Sluicing will carry on so long as weather conditions allow. Pictures of the plant set up and the plant operating can be seen on the Company's website in the Gallery section under Indian River Test Mining Program.

Boulder Mining is acquiring a 100% interest in the Indian River Gold Property from Western Prospector Group (TSX VENTURE:WNP). Boulder Mining also has the right to earn a 100% interest subject to a 3% royalty interest in the Tevrede Project from Helio Resource Corp. (TSX VENTURE:HRC). In turn, the Company has granted Springbok Resources Inc. the right to earn a 70% interest in the Tevrede Project by incurring expenditures of $ 9 million. The Company also maintains a website at

On behalf of the Board of Directors

Boulder Mining Corporation

John H. McAdam, President and Director

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

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