De Beira Goldfields Inc.
OTC Bulletin Board : DBGF
FRANKFURT : D1Q

De Beira Goldfields Inc.

November 22, 2006 05:10 ET

De Beira Goldfields Inc.: Further Encouraging Underground Sampling Results From the Minanca Project, Ecuador

PERTH, WESTERN AUSTRALIA--(CCNMatthews - Nov. 22, 2006) - DE BEIRA GOLDFIELDS INC. ("DE BEIRA" or the "Company")(OTCBB:DBGF)(FWB:D1Q)(WKN:A0JDS0) is pleased to announce further encouraging sampling results from the Minanca Mining Project in the El Oro province of Ecuador.

On October 17, De Beira announced assay results from some of the samples taken along the 3rd level at the Minanca mine. De Beira has now received results for the remaining samples. The table below provides results from the previously announced assays and for all remaining samples from the 3rd level. The previously reported high grade results coupled with the recent results, included in the table below, confirm that the Minanca Project hosts significant gold and base metals mineralisation. All samples were taken as 5m composites and the high grade gold, silver, copper and zinc results demonstrate that the Minanca Project has the potential to be a significant poly metallic producer. The results were taken along strike of the current workings. In addition, based on historical data including a long section, De Beira believes that precious and polymetallic grades will continue to improve with depth.



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Au Ag
SAMPLE ID NORTH EAST RL g/t g/t Cu % Zn %
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D-44 9590297 654183 610 0.124 3.4 0.05 0.06
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D-45 9590277 654155.5 610 0.945 16.4 0.20 0.14
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D-46 9590272 654158.5 610 9.28 80.8 0.23 1.95
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D-47 9590271 654155.5 610 2.6 59.3 0.68 0.92
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D-48 9590266 654156.2 610 6.62 195 0.69 3.19
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D-49 9590261 654153.6 610 3.34 45.1 0.50 2.49
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D-50 9590261 654151.5 610 10.65 113 1.46 0.31
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D-51 9590245 654146.5 610 14.9 58.2 0.80 0.72
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D-52 9590240 654141.5 610 0.174 2.8 0.00 0.04
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D-53 9590237 654145 610 0.027 2.3 0.01 0.05
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D-54 9590233 654145.5 610 0.352 5.2 0.06 0.27
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D-55 9590235 654148.7 610 2.7 29.3 0.21 0.83
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D-56 9590241 654151.6 610 1.17 5.8 0.11 0.31
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D-57 9590235 654153 610 0.589 3.3 0.01 0.08
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D-58 9590231 654155 610 19.05 27.2 0.01 0.05
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D-59 9590231 654150.5 610 1.785 7.4 0.05 0.07
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D-60 9590228 654150.4 610 2.81 49.3 0.40 0.43
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D-61 9590224 654147.5 610 0.098 3 0.04 0.30
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D-62 9590219 654148 610 0.077 2.3 0.05 0.19
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D-63 9590215 654148 610 0.098 2.7 0.01 0.09
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D-64 9590212 654148 610 0.087 0.7 0.01 0.04
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D-65 9590209 654150.5 610 0.601 2.3 0.01 0.04
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D-66 9590204 654150 610 0.247 2.4 0.02 0.08
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D-67 9590201 654150 610 0.733 6.1 0.04 0.24
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D-68 9590200 654152 610 2.97 12.8 0.09 0.36
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D-69 9590195 654148 610 1.105 19.7 0.09 0.44
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D-70 9590190 654148 610 1.125 11.9 0.09 0.13
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D-71 9590187 654151.2 610 1.435 1.4 0.02 0.12
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D-72 9590148 654151.2 610 1.85 1.7 0.01 0.26
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D-73 9590167 654155.3 610 0.074 1.1 0.01 0.08
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D-74 9590148 654146 610 0.172 2.7 0.01 0.09
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D-75 9590148 654147.9 610 0.624 4.6 0.02 0.10
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D-76 9590130 654146.5 610 0.01 0.3 0.01 0.03
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D-77 9590130 654143.7 610 0.078 0.9 0.01 0.03
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D-78 9590109 654143.5 610 0.089 0.6 0.01 0.04
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D-79 9590087 654140.8 610 0.093 0.7 0.01 0.03
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D-80 9590061 654129.6 610 0.18 1.3 0.01 0.27
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D-81 9590060 654136.3 610 0.201 2.1 0.01 0.26
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D-82 9590055 654130.5 610 3.23 30.1 0.24 0.98
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D-83 9590050 654131 610 2.53 17.2 0.07 0.25
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D-84 9590045 654130.6 610 3.9 93.9 0.73 0.68
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D-85 9590062 654128.5 610 1.8 75.7 0.15 1.34
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D-86 9590061 654125.5 610 0.097 4.2 0.03 0.40
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DE BEIRA GOLDFIELDS INC.

Reg Gillard, Director

About DE BEIRA GOLDFIELDS INC.

DE BEIRA is a Nevada based mineral exploration company. The Company has recently initiated a new program to evaluate undervalued assets for potential addition to its mineral claim portfolio.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains statements that plan for or anticipate the future, called "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could, "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of those terms and other comparable terminology.

These forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements about: our market opportunity; revenue generation; our strategies; competition; expected activities and expenditures as we pursue our business plan; the adequacy of our available cash resources; our ability to acquire properties on commercially viable terms; challenges to our title to our properties; operating or technical difficulties in connection with our exploration and development activities; currency fluctuations; fluctuating market prices for precious and base medals; the speculative nature of precious and base medals exploration and development activities; environmental risks and hazards; governmental regulations; and conduct of operations in politically and economically less developed areas of the world.

Many of these contingencies and uncertainties can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to our most recent annual report on Form 10KSB and other filings made by us with the United States Securities and Exchange Commission for more detailed discussions of the contingencies and uncertainties enumerated above and the factors underlying the forward-looking statements. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov.

We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

This press release is for informational purposes only and is not and should not be construed as an offer to solicit, buy, or sell any security.

Contact Information

  • De Beira Goldfields Inc.
    Reg Gillard
    Director
    +61 (08) 9240 1377
    +61 (08) 9240 2406 (FAX)
    Website: www.debeira.com