Simberi Mining Corporation

Simberi Mining Corporation

September 04, 2007 13:49 ET

Simberi Grants Extension to Period for Completion of Amari Due Diligence

TORONTO, ONTARIO--(Marketwire - Sept. 4, 2007) - Simberi Mining Corporation ("Simberi"), (TSX VENTURE:SAU) announces today that it has agreed to extend by an additional 60 days, the due diligence period set out in clause 3.5 of the Earn-In Agreement with Amari Holdings Ltd ("Amari"). As envisaged in the Earn-In Agreement between Simberi, NCDRC, PTM and Amari signed in July 2007, Amari has requested this extension due to the complexities of dealing in the Democratic Republic of the Congo. As such, Amari will have a total of 120 days from the Effective Date to complete its due diligence.

About Simberi:

Simberi is a junior resource company focused on the exploration and acquisition of developed low cost precious and base metal projects internationally. The company's main exploration project is the Kakanda Project copper/cobalt project in that Democratic Republic of the Congo. On site exploration of this project is being managed by Amari Holdings Simberi's joint venture partner. Simberi is also involved in several joint venture projects in Australia primarily in the G-2 corridor that is the host for the Olympic Dam type copper/uranium/gold deposits.

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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