Red Back Mining Inc.
TSX : RBI

Red Back Mining Inc.

September 24, 2007 08:00 ET

Red Back Mining Inc.: Akwaaba Keeps Getting Better

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2007) - Red Back Mining Inc. (TSX:RBI) (the "Company" or "Red Back") is pleased to report further results from the Akwaaba Underground Project at the Chirano gold mine in Ghana, West Africa.

Recent infill drilling at Akwaaba has concentrated on the upper 100m of the underground ore body which will be the first area to be mined. Drilling has also continued to convert inferred resources in the deeper higher grade part of the ore body. The table below sets out material results from the latest drilling at Akwaaba.



-------------------------------------------------
Hole Number from to Metres Au g/t
-------------------------------------------------
CHRC1123 157.0 179.0 22.0 3.79
-------------------------------------------------
CHRC1126D 215.0 222.0 7.0 6.99
-------------------------------------------------
CHRC1134 117.0 139.0 22.0 4.49
-------------------------------------------------
CHRC1124 109.0 116.0 7.0 6.77
-------------------------------------------------
CHRC1125D 269.0 288.0 19.0 4.56
-------------------------------------------------
CHRC1127D 174.0 184.0 10.0 6.73
-------------------------------------------------
CHRC1128D 188.2 198.7 10.6 11.74
-------------------------------------------------
including 191.0 197.0 6.0 18.17
-------------------------------------------------
and 207.0 218.0 11.0 8.00
-------------------------------------------------
CHRC1131D 560.7 605.0 44.3 2.79
-------------------------------------------------
CHRC1145D 186.0 219.9 33.9 13.64
-------------------------------------------------
CHRC1146D 180.0 187.0 7.0 6.61
-------------------------------------------------
and 196.0 205.4 9.4 4.13
-------------------------------------------------
CHRC1151 147.0 164.0 17.0 7.94
-------------------------------------------------
CHRC1153D 120.0 146.0 26.0 2.16
-------------------------------------------------
including 136.0 144.0 8.0 5.00
-------------------------------------------------
CHRC995D 471.0 497.0 26.0 14.50
-------------------------------------------------
CHRC1148D 196.0 210.0 14.0 6.03
-------------------------------------------------
and 218.0 230.0 12.0 6.04
-------------------------------------------------
CHRC1150D 168.3 198.9 30.6 3.78
-------------------------------------------------
including 190.0 196.0 6.0 10.40
-------------------------------------------------
CHRC1155 101.0 142.0 41.0 3.39
-------------------------------------------------
including 117.0 142.0 25.0 4.89
-------------------------------------------------
CHRC1164 149.0 161.1 12.1 1.71
-------------------------------------------------
CHRC1167D 95.0 108.0 13.0 3.26
-------------------------------------------------
including 102.0 105.0 3.0 6.52
-------------------------------------------------
CHRC1188 98.0 102.0 4.0 5.77
-------------------------------------------------
and 95.0 103.0 8.0 3.60
-------------------------------------------------
CHRC1193 205.0 218.0 13.0 2.43
-------------------------------------------------
CHRC1190 150.0 158.0 8.0 4.86
-------------------------------------------------
CHRC1196 178.0 191.0 13.0 6.06
-------------------------------------------------

Note: The table above summarizes intercepts based on a minimum of 3m
grading 3g/t. True widths are on average 60% of drilled width.


Holes CHRC1190 and CHRC1196 are particularly significant, suggesting a southern extension to the main Akwaaba ore body.

Drilling at Akwaaba is ongoing, converting the inferred portion of the current resource at depth and stepping out to follow up on the recent intercepts to the south.

The tender process for the development of the underground mining operation is well advanced and the Company expects to award the contract shortly.

Commenting on these recent results, Richard Clark, President and CEO of the Company, stated: "Akwaaba continues to surprise us, with the latest results improving the deposit in a number of areas. We are excited by the intercepts to the south, which could be indicating a previously unrecognized extension of the high grade mineralization. Akwaaba continues to exceed expectations."

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", "plan", "forecast", "project", 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
    (604) 689-4250 (FAX)
    Website: www.redbackmining.com