GBS Gold International Inc.

GBS Gold International Inc.

May 08, 2008 16:43 ET

GBS Gold to Release First Quarter Results on May 13, 2008

TORONTO, ONTARIO--(Marketwire - May 8, 2008) - GBS Gold International Inc. (TSX:GBS) ("GBS Gold" or the "Company") will release its first quarter financial results on Tuesday, May 13, 2008.

A conference call will be held on Wednesday, May 14 at 9:00am Toronto time for a presentation of the financial results and an open forum question and answer session. Individuals can participate in the call by dialing toll free 1-866-898-9626 within North America or by dialing +800-8989-6323 for calls from outside North America. A live and archived audio webcast will also be available on the GBS Gold website at

Teleconference Call: Wednesday, May 14, 2008 at 9:00am Toronto Time

Toronto: +1-416-340-2216; North America: 1-866-898-9626;
Europe: 00-800-8989-6323; Australia: 0011-800-8989-6323
and ask for GBS Gold
Website: The webcast can be accessed on the
GBS Gold website at

About GBS Gold International Inc.

GBS Gold is an emerging gold producer at its Union Reefs Operations Centre and Tom's Gully project located in historically productive goldfields in the Northern Territory of Australia. GBS Gold produces gold through its modern dual-mill 2.5Mtpa Union Reefs processing plant. The Company expects to commence production at its Tom's Gully and Cosmo Deeps free-milling projects in 2008-10 to increase production to an annualized rate of up to 250,000 ounces and to construct a GEOCOAT® circuit, a heaped bio-oxidation process, at the Union Reefs plant to treat refractory ores and further increase gold production from the Union Reefs Operations Centre to 300,000 ounces per year. The Union Reefs plant is adjacent to the main Stuart Highway and the trans-continental Adelaide-Darwin railway line, and is on the Northern Territory power grid. Within 125km trucking distance of the Union Reefs plant, GBS Gold has consolidated over 3,500km2 of prospective tenements and gold deposits and also holds gold exploration properties in Western Australia and Canada. GBS Gold trades on the Toronto Stock Exchange under the symbol "GBS".

Certain disclosures in this release, including management's assessment of GBS Gold's plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to GBS Gold's operation as a mineral development company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: fluctuations in gold prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; general market conditions; the uncertainty of future profitability; and the uncertainty of access to additional capital. Full descriptions of these risks can be found in the Company's Annual Information Form available on the SEDAR website, Readers are cautioned not to place undue reliance on forward-looking statements. GBS Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

The TSX does not accept responsibility for the adequacy or accuracy of the information contained herein.

Contact Information

  • In Toronto, Canada:
    GBS Gold International Inc.
    Ted Mayers
    Executive Vice President, Business Development
    (416) 777-1508
    In Perth, Australia:
    GBS Gold International Inc.
    Peter Kerr, Chief Financial Officer
    +61 8 9492 2500