Red Back Mining Inc.
TSX : RBI

Red Back Mining Inc.

September 18, 2007 13:28 ET

Red Back Mining Added to S&P/TSX Composite Index

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2007) - Red Back Mining Inc. (the "Company" or "Red Back") (TSX:RBI) is pleased to announce that it will be added to the S&P/TSX Composite Index, effective September 24, 2007.

In addition, the Company is a constituent of the S&P/TSX Global Gold Index and the S&P/TSX Global Mining Index.

Red Back Mining Inc. is an African focused gold producer. It owns and operates the Chirano Gold Mine in Ghana and the Tasiast Gold Mine in Mauritania. At Chirano, the Company is expanding its current operations through development of newly discovered high grade underground resources. At Tasiast, gold production has commenced with commercial production anticipated by year end. In addition, Red Back is continuing an aggressive exploration program to increase its resource and reserve base at both projects.

FORWARD-LOOKING INFORMATION

This press release contains "forward-looking information" that is based on Red Back's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Red Back's plans, outlook and business strategy. The words "may", "would', "could", "should", "will", "likely", "expect', "anticipate", "intend", "estimate", "intend", "plan", "forecast", "project", "estimate" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Red Back's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to drilling results; the ability to raise sufficient capital to fund exploration; changes in economic conditions or financial markets; changes in prices for Red Back's mineral products or increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Red Back disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

ON BEHALF OF THE BOARD

Richard P. Clark, President

Contact Information

  • Red Back Mining Inc.
    Simon Jackson
    VP Corporate Development
    (604) 689-7842
    or
    Red Back Mining Inc.
    Sophia Shane
    Investor Relations
    (604) 689-7842
    Website: www.redbackmining.com