January 30, 2008 06:00 ET

Boxxer Announces Positive Preliminary Metallurgical Testwork at Nalesbitan

CALGARY, ALBERTA--(Marketwire - Jan. 30, 2008) - Boxxer Gold Corp. (TSX VENTURE:BXX) is pleased to provide the results of metallurgical test work performed on three samples of gold-silver mineralization from the Nalesbitan gold deposit by Gekko Systems Pty Ltd, located in Ballarat, Victoria, Australia. The Nalesbitan gold project is located approximately 300 kilometres south-east of Manila in the Republic of the Philippines.

- Gold recoveries ranged from 79.2% to 89.2%
- Silver recoveries ranged from 58.4% to 80.7%

Test Work Results:

The sample weights and assay head grades for the three representative samples of gold-silver mineralization taken from the Nalesbitan gold deposit submitted for metallurgical test work are set out below. The Nalesbitan gold deposit has a current inferred resource of 7.4 million tonnes grading 1.15 g/t gold.

Sample # Sample Weight (kgs) Gold grade ( g/t) Silver grade (g/t)
A 19.74 3.82 12.00
B 22.40 2.00 7.00
C 21.44 0.78 4.00
g/t = grams per tonne
ppm = parts per million

The three samples were subjected to gravity concentration followed by flotation concentration of the gravity tails to produce samples of gravity concentrate and flotation concentrate. The samples of the gravity and flotation concentrates were then subjected to Intensive Cyanide leaching using Gekko's Inline Leach Reactor.

The combined percentage recoveries for gold and silver from the samples of the gravity and flotation concentrate are shown below:

Sample # Gold Recovery(%) Silver Recovery(%)
A 89.18 80.69
B 82.18 76.63
C 79.17 58.42

Additional Test Work:

Samples of the gravity and flotation concentrates have been submitted for detailed mineralogical studies to identify; the specific gold-silver minerals, the size distribution of the gold-silver minerals and styles of mineralization. On receipt of the above mentioned information, additional metallurgical test work to optimize the overall percentage gold and silver recoveries from the Nalesbitan gold deposit is planned.

Sample Preparation and Analysis:

The three samples were screened to 1.0 millimetre and the + 1.00 millimetre fraction was crushed to p100 of -1,000 microns using laboratory scale jaw crusher and rolls crushers. Subsets of each sample were split using a riffle splitter. Sub-samples for each of the three samples were utilized for gravity and flotation test work and one sub-sample was retained for additional test work. Gekko Systems Pty Ltd. are independent of Boxxer Gold Corp.

Mr. Elmer B. Stewart, the president & Chief Executive Officer of Boxxer is the Qualified Person who has reviewed and verified the technical information detailed in this release.

About Boxxer Gold Corp.

Boxxer Gold is a Canadian junior resource company that has an option to earn a 65% interest in the Nalesbitan gold deposit. The Nalesbitan gold deposit has a current mineral resource of 7.4 million tonnes at an average grade of 1.15 g/t gold. Boxxer is also involved in the exploration of copper-gold porphyry and Iron-Oxide-Copper-Gold projects in the state of Nevada, and a shear hosted gold project located 110 kilometres north of Yellowknife NWT, Canada

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Forward Looking Statements: Forward Looking Statements: This news release contains forward - looking information including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations and potential mineral recovery processes. Forward - looking information includes disclosure regarding possible future events and therefore, involves inherent risks and uncertainties. For any forward looking information given, management has assumed that the analytical results it has received are reliable, and has applied geological interpretation methodologies which are consistent with industry standards. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements. For such statements, we claim the safe harbour for future.

The TSX Venture Exchange Does Not Accept Responsibility for the Adequacy or Accuracy of This Release

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