Simberi Mining Corporation

Simberi Mining Corporation

December 11, 2006 12:31 ET

Simberi Mining Corporation: Press Release

TORONTO, ONTARIO--(CCNMatthews - Dec. 11, 2006) - Simberi Mining Corporation ("Simberi") (TSX VENTURE:SAU) is pleased to announce that Mr. Raymond Savoie has been appointed Director of the Company.

Mr. Savoie is a former Minister of Mines (1985 to 1991) and a former Minister of Revenue (1991 to 1994) of Quebec. He is a law graduate from the University of Laval and practiced as a notary in Val d'Or, Quebec prior to his public service. Mr. Savoie has been involved with a number of exploration and mining companies for the past 25 years and is currently the President and CEO of Ditem Explorations Inc. (TSX VENTURE:DIT) and Gastem Inc. (TSX VENTURE:GMR). Mr. Savoie is also a Board Member of several public and private companies as well as two charitable nonprofit organizations.

Mr. Savoie, as a Member of the Board, will be able to provide valuable assistance in Kakanda copper/cobalt project in the Democratic Republic of Congo.

Simberi also announces that Mr. John Cerenzia has resigned from the Board. Simberi greatly appreciates the time and contribution of Mr. Cerenzia to the development of the Company.

About Simberi:

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 company is now planning the next stage for the development of the Kakanda project. Simberi is also involved in several 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.

Contact Information

  • Simberi Mining Corporation
    Mike Newbury
    President and CEO
    (416) 603-7200
    (416) 603-9200 (FAX)