Simberi Mining Corporation
TSX VENTURE : SAU

Simberi Mining Corporation

February 28, 2007 13:42 ET

Simberi Announces Khandaker Partners Initiate Coverage

TORONTO, ONTARIO--(CCNMatthews - Feb. 28, 2007) - Simberi Mining Corporation ("Simberi") (TSX VENTURE:SAU) is pleased to announce that the highly respected research firm, Khandaker Partners & Company has commenced initiation of research coverage on Simberi. Khandaker has prepared a full report on the company detailing its holdings and future potential.

The report will be available shortly on Simberi's website at www.simberimining.com.

Simberi also announces that it has purchased 1 million shares at a cost of $250,000 in a private company Gaelic Gold Corporation. The investment is designed to enable Simberi to gain exposure to number of gold prospects in the main gold producing trends of Nevada. Simberi will work with Gaelic to advance the exploration on the properties and will have the opportunity to create a joint venture in the future. Additional information on the holdings can be found on the Gaelic web site at www.gaelicgoldcorp.com.

About Simberi:

Simberi Mining Corporation is a junior resource company that seeks to take advantage of the growing opportunities in the mining of both base and precious metals. The company has a strong stable of development projects. Simberi is currently focusing on the development of its main interest - the Kakanda Copper/Cobalt Project located in the Democratic Republic of Congo. Simberi is also involved in two joint venture projects in Western Australia.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.

Neither the TSX Venture Exchange, nor any other securities regulatory authority has approved or disapproved of the contents of this news release.

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