Simberi Gold Corporation

Simberi Gold Corporation

September 29, 2005 18:12 ET

Simberi Gold Corporation-Press Release

TORONTO, ONTARIO--(CCNMatthews - Sept. 29, 2005) - Simberi Gold Corporation (TSX VENTURE:SAU) (the "Corporation") - The Corporation is pleased to announce the formal appointment of Michael Newbury as Chief Executive Officer and Maurice Stekel as Chief Financial Officer.

Mr. Newbury, Professional Engineer, has over 35 years experience in the financial and natural resource sector. Since 1993 Mr. Newbury has been a consultant providing financial and technical advisory services in the natural resource industry. Between 1993 and 2002, he was a senior partner in Endeavour Financial, a company that assists mining companies with project evaluation, project financing and mergers and acquisitions. Prior to 1993, Mr. Newbury held senior managerial positions with various financial institutions such as Credit Suisse Canada, the Royal Bank of Canada and Barclays Bank of Canada. He has considerable expertise in all phases of mining development and finance and has undertaken project evaluation and arranged financing in countries such as Russia, Venezuela, Uzbekistan, China, Mongolia, Chile and North America. Mr. Newbury has a B.Sc. from Queen's University, a M.Sc. from McGill University and also pursued Ph.D studies at McGill. He is a member of the CIMM and of the American Institute of Mining and Petroleum Engineers.

Mr. Stekel is a member of the Institute of Chartered Accountants and President of BPS Management Limited. Mr. Stekel was a founding and senior partner at the firm of Birnbaum, Prenick, Stekel & Co., Chartered Accountants for over 25 years. Mr. Stekel is also a licensed mortgage broker.

Simberi Gold Corporation is a junior resource company focused on the exploration and acquisition of developed low cost precious and base metal projects internationally. The Corporation's objective is to aggressively explore the potential for investing in a number of precious and base metal properties with the aim to become a 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 does not accept responsibility for the adequacy or accuracy of this news release.

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