Buffalo Gold Ltd.
OTC Bulletin Board : BYBUF

Buffalo Gold Ltd.

July 09, 2008 09:15 ET

Buffalo Gold Sells Concentrate for Life of Furtei Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2008) - Brian McEwen, President and CEO of Buffalo Gold Ltd. (TSX VENTURE:BUF)(OTCBB:BYBUF)(FRANKFURT:B4K), is pleased to report that Buffalo is extending its concentrate sales agreement with MRI Trading AG ("MRI") of Zug, Switzerland to include all concentrates for the life of the Furtei Mine in Sardinia.

As previously reported in Buffalo News Releases of February 13th, 2008 and April 21st, 2008, Buffalo had entered into agreements to sell concentrates from Furtei to MRI, including up to 5000 tonnes of gold-pyrite and gold-copper concentrates this year and up to 14,500 tonnes of gold-copper concentrates in 2009. The new agreement includes even more favourable terms than the previous ones, and includes the sale of all concentrates produced over the life of the mine.

Buffalo has recently made its first shipment of gold-copper concentrate. These concentrates grade 90-100 g/t Au and 10-18% Cu, significantly higher than the 12-18 g/t Au gold-pyrite concentrates produced and sold to this point. Gold-pyrite concentrates were produced from the Sa Perrima and Su Masoni open pits this year. More recently, Buffalo has worked the lower portion of the Su Masoni pit to produce the enargite-rich ore for the gold-copper concentrate.

"The high-grade enargite ore at Furtei is, by nature, high in sulphide and arsenic levels, making the concentrate a difficult product to market even with the high gold and copper levels," reports Mr. Mcewen. "We are therefore very pleased to have started mining and selling this material, and to have extended our relationship with MRI to include the sale of all concentrates over the life of the mine. We look forward to the increased revenue stream that this recent shipment and futures ones will bring to fuel our growth as a mining company."

About MRI Trading AG

MRI Trading AG is a trader of concentrates and other non-ferrous raw materials. It is part of the MRI group of companies, a leading investment and trading group in the commodities arena. The group has a global presence through its offices in Shanghai, Beijing, Johannesburg, Santiago de Chile, Lubumbashi, New Delhi and Brisbane.

About Buffalo Gold

Buffalo's vision is to build shareholder value by growing a gold mining company through a combination of exploration and acquisition. The Company became a gold producer in November 2007 with the acquisition of the Furtei mine, and is exploring projects in Sardinia, PNG and Australia.

To find out more about Buffalo Gold Ltd. (TSX VENTURE:BUF), please visit the company website at www.buffalogold.ca.

Brian McEwen is the Qualified Person for Buffalo and has read and approved the contents of this news release.

On behalf of the Board of Directors of BUFFALO GOLD LTD.

Brian McEwen, President and CEO

This press release contains certain Forward-Looking Statements, which are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected. Buffalo undertakes no obligation to update Forward-Looking Statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on Forward-Looking Statements.

Cautionary Note to U.S. Investors

The United States Securities and Exchange Commission ("SEC") permits mining companies, in their filing with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this website, such as "Mineral Resources", "Measured", "Indicated", and "Inferred Resources", that the SEC guidelines prohibit us from including in our filing with the SEC. investors are urged to consider closely the disclosure in our form 20-F, file no. 0-30150, available from us by contacting the Investor Relations department.

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

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