Simberi Gold Corporation

Simberi Gold Corporation

August 24, 2005 17:28 ET

Simberi Gold Corporation: Press Release

TORONTO, ONTARIO--(CCNMatthews - Aug. 24, 2005) - Simberi Gold Corporation (TSX VENTURE:SAU) - Simberi Gold Corporation ("Simberi") is pleased to announce that Neil Novak has joined the Board of Directors of the Corporation. Mr. Novak has over 27 years of experience in the mining industry and is currently President and Chief Executive Officer of Spider Resources Inc., as well as President of Billiken Management Service Inc., a geological consulting company.

Mr. Norman Brewster has resigned as a director of the Corporation in order to devote more of his efforts towards PGM Ventures and the development in the Aguas Tenidas Mine in Spain.

The Corporation also announces that it has granted to its directors and officers of the Corporation, options to acquire an aggregate 5,250,000 common shares of Simberi. The options are excisable at $0.10 for a period of 5 years from the date of grant.

Simberi Gold Corporation is a junior resource company that is focused on the exploration and/or acquisition of developed low cost gold production throughout the world. The Company's objective is to aggressively explore the potential for investing in a number of precious and or base metal properties with the aim to become metal producer.

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.

The TSX Venture Exchange Inc. has neither approved nor disapproved the information herein contained.

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