September 5, 2008
Simberi Grants Options to an Officer of the Company
Simberi Mining Corporation ("Simberi"), (TSX VENTURE: SAU) announces that subject to regulatory approval, it has granted 200,000 incentive stock options to an officer of Simberi. The stock options, which vest quarterly over an 18 month period, are exercisable at a price of $0.10 for a period of 5 years from the date of grant.
Simberi Mining Corporation is a Canada-based international mineral development company that participates in early to mid stage properties with high potential for near term production. Simberi's main exploration project is the Kakanda Copper/Cobalt project in the Democratic Republic of the Congo. This is a world class copper/cobalt deposit in the Central African Copper Belt. Simberi also has several projects in Australia; Lambina, and joint ventures on Mt. Sarah and Mt. Narlee projects are primarily located in the G-2 corridor within the Gawler Craton in South Australia, a host for the copper/uranium/gold Olympic Dam type deposits. The Merlot property located in the Mt. Margaret mineral field in Western Australia, covers a portion of the Sefton Lineament, a major structural feature that is host for copper, nickel and platinum group metals.
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 release.
Contacts: Simberi Mining Corporation James S. Hershaw Vice President, Mineral & Corporate Development (416) 603-7200 (416) 603-9200 (FAX) Email: [email protected] Website: www.simberimining.com
SOURCE: Simberi Mining Corporation