High River Gold Mines Ltd.
TSX : HRG

High River Gold Mines Ltd.

June 11, 2007 14:30 ET

High River Gold to Be Added to S&P/TSX Indices

TORONTO, ONTARIO--(Marketwire - June 11, 2007) - High River Gold Mines Ltd. ("High River" or the "Company") (TSX:HRG) is pleased to report that the Standard & Poor's Canadian Index Operations group has announced:

- the inclusion of High River in the new S&P/TSX Global Mining Index effective at the open on Tuesday, June 12, 2007, and

- the addition of High River to the S&P/TSX Global Gold Index effective at the open on Monday, June 18, 2007.

For the Standard & Poor's press releases outlining High River's addition to their indices, please follow the following links:

http://www.tsx.com/en/news_events/news_releases/6-8-2007_TSX-IndexNotice-GlobalMining.html

http://www.tsx.com/en/news_events/news_releases/6-8-2007_TSX-QuarterlyCompositeReview.html

About High River

High River is currently constructing two open-pit gold mines which are scheduled to commence production this year, the Taparko-Bouroum Project in Burkina Faso (June) and the Berezitovy Project in Russia (August/September). Annual gold production from Taparko-Bouroum is planned at 100,000 ounces for the first 12 months increasing to over 140,000 ounces in the third year of operation, and annual production from Berezitovy is expected to exceed 100,000 ounces. Combined with gold production from High River's 85%-owned Russian subsidiary, OJSC Buryatzoloto, High River's attributable gold production is expected to exceed 200,000 ounces in 2007, and 300,000 ounces in 2008. In addition, the Company has two advanced exploration projects, the Bissa Gold Project in Burkina Faso and the world-class Prognoz Silver Project in Russia. These projects are expected to significantly add to the Company's production profile in the future.

Forward Looking Statements - This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected. Risk and uncertainties about the Company's business are more fully discussed in the Management's Discussion and Analysis published in the Company's Annual Report and in the Annual Information Form.

Contact Information

  • High River Gold Mines Ltd.
    Dan Hrushewsky
    Vice President Investor Relations
    (416) 947-1440
    (416) 360-0010 (FAX)
    Email: info@hrg.ca
    Website: www.hrg.ca