Buffalo Gold Ltd.
OTC Bulletin Board : BYBUF

Buffalo Gold Ltd.

April 26, 2007 18:08 ET

Buffalo Gold Terminates LOI to Acquire Dynasty Gold Corp.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 26, 2007) - Buffalo Gold Ltd. (TSX VENTURE:BUF.U)(OTCBB:BYBUF)(FRANKFURT:B4K) announces that it has terminated a Letter of Intent to enter into a friendly merger with Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) (See Buffalo Gold News Release, March 13, 2007).

Under the agreement, Buffalo would have acquired all of the outstanding securities of Dynasty in exchange for common shares and common share purchase warrants and options of Buffalo (the "Transaction"). Dynasty is a Vancouver-based publicly traded gold exploration company with three highly prospective projects in Northwest China.

Upon completion of the initial due diligence, Buffalo's Board of Directors has determined that the acquisition of Dynasty does not fulfil the Company's objective of becoming a near term gold producer.

Damien Reynolds, Chairman of Buffalo, commented, "Dynasty has great exploration projects and land positions in very prospective mineral belts in China, however in our opinion delineating reserves and bringing the projects to production requires a bigger time commitment than fits our current strategy. These projects are better suited to the large partners Dynasty already has in Anglo Gold Ashanti and Avocet Mining. Buffalo's strategy remains to be aggressive on the acquisition front but to focus on more advanced projects."

Completion of the Transaction was subject to satisfaction of a number of conditions, including, but not limited to, completion of due diligence and the receipt of all required approvals, including approval of the Toronto Stock Exchange, the TSX Venture Exchange, and of the shareholders of Dynasty.

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

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

Damien Reynolds, Chair of the Board of Directors and Chief Executive Officer

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission ("SEC") permits mining companies in filings with the SEC to disclose only those mineral deposits that a company can economically and legally extract or produce. The Company uses certain terms in this news release, such as "inferred resource", that the SEC guidelines strictly prohibit from including in filings with the SEC. U.S. investors are urged to consider closely the disclosure contained in the Company's Form 20-F Registration Statement, File No. 000- 30150. The Company's filings are available on the SEC's website at http://www.sec.gov/edgar.shtml.

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

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