Simberi Mining Corporation
TSX VENTURE : SAU

Simberi Mining Corporation

July 31, 2006 12:14 ET

Simberi Mining Corporation: Press Release

TORONTO, ONTARIO--(CCNMatthews - July 31, 2006) - Simberi Mining Corporation. ("Simberi" or the "Corporation")(TSX VENTURE:SAU): announces that it held its Annual and Special Meeting of Shareholders on Monday, July 24, 2006 at the Ontario Bar Association Conference Centre. Several items of business were discussed.

Board of Directors

The proposed slate of directors were elected to the Board consisting of: Michael Newbury, Neil Novak, John Cerenzia, Maurice Stekel, Geoffrey Farrar and William Potter.

Officers

The officers of the Corporation for the ensuing year are:



President and CEO: Michael Newbury
Chairman: Geoffrey Farrar
CFO: Julian Fosbery
Secretary: Andrew Newbury


Board Committees

The Corporation also set out its board committees for the ensuing year.



The Audit Committee will be made up of Neil Novak, Maurice
Stekel and John Cerenzia.
The Compensation Committee will consist of Geoff Farrar,
Maurice Stekel and John Cerenzia.
The Corporate Governance Committee will consist of Maurice
Stekel, John Cerenzia and Neil Novak.


Appointment of Auditors

McCarney Greenwood LLP, Chartered Accountants were appointed auditor of the Corporation and the directors are authorized to fix their remuneration.

Change of Name of the Corporation

The board of directors was empowered to change the name of the Corporation from "Simberi Gold Corporation" to "Simberi Mining Corporation". The change will become effective upon the amendment of the Articles of the Corporation.

Amendments to the Stock Option Plan

The Board withdrew this proposed resolution.

Simberi Mining Corporation 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/Kambove copper/cobalt project located in the Democratic Republic of the Congo. 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.

Contact Information

  • Simberi Mining Corporation
    Mike Newbury
    President and CEO
    (416) 603 7200
    (416) 603 9200 (FAX)
    info@simberimining.com