Niblack Mining Corp.
TSX VENTURE : NIB

Niblack Mining Corp.

July 10, 2007 09:30 ET

Niblack Retains SRK Consulting for Resource Estimate

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 10, 2007) - Niblack Mining Corp. (TSX VENTURE:NIB) Niblack Mining Corp. (the "Company") is pleased to announce it has retained the services of international engineering and consulting firm SRK Consulting Canada Inc. ("SRK") to complete a NI 43-101 compliant resource estimate at the copper-zinc-gold-silver Niblack VMS project in southeast Alaska.

The resource estimation will be completed on the Lookout zone portion of the Niblack property, and based on an exploration model developed by the Niblack team. The exploration model, which includes multiple stacked massive sulphide lenses with predictable geometries and plunge directions, indicates excellent potential for expansion of the known mineralized zones as well as discovering new sulphide lenses. The model has been successfully used over the 2005 and 2006 exploration campaigns and continues to be used in the 2007 surface diamond drill program. It is anticipated that SRK will complete the resource estimation within three to four months.

SRK Consulting Canada Inc. is a fully independent mining consulting company that provide clients expertise and guidance through all stages of project development. Their global experience and reputation for excellence is widely recognized in the mining and mineral exploration industry.

About the Company

Niblack Mining Corp. is a mineral exploration company engaged in advanced stage exploration of the copper-zinc-gold-silver Niblack massive sulphide (VMS) property located on Prince of Wales Island in southeast Alaska. The Company's plans include underground and surface exploration designed to expand the Lookout Zone at depth. The Niblack property has excellent exploration potential and is particularly attractive due to its high precious metals content and year round tidewater access.

To find out more about Niblack Mining Corp (TSX VENTURE:NIB), visit our website at www.niblackmining.com.

On Behalf of the Board NIBLACK MINING CORP.

Paddy Nicol, MBA, President

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Niblack Mining Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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

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