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Siguiri Basin Mining, Inc. (PINKSHEETS: SBMI): Geologist Benoit Viloette Has Submitted First Samples to Laboratory After Announcing Major Gold Discovery

Posted on: Monday, 18 June 2007, 12:02 CDT

Siguiri Basin Mining, Inc. (PINKSHEETS: SBMI) -- Siguiri Basin Mining's Joint Venture Partner Consolidated Mining and Minerals Inc. (www.consolidatedmining.com) has announced that the samples recently taken while testing in Africa have now been submitted to the laboratory for final assay results. William "Bill" Ross, Chief Operating Officer of Consolidated Mining and Minerals, has reported back as saying "the enormous outcroppings approximately span the size of a large football field and will now justify CMM developing full blown drilling program in the coming months."

The river testing also produced rich gold results, which are also being calculated for the company scheduled production plan. The updated finding should be released within the next few weeks along with, photos, limited video footage and the assay results. These results will be reflected in the new 2007 NI-43-101 report commissioned. Geologist, Mr. Benoit Viloette, is now preparing to complete the report and issue it to the company for next season's development plans. Additionally, all of the company's licensing requirements of the ministry of mines have been made current and have been completed by submitting updated Geology reports and the payment of the subsidiary's taxes until 2008.

Siguiri Basin Mining, Inc. (PINKSHEETS: SBMI) is a mineral exploration and development company focused on achieving producer status. The Company is currently in a joint venture with Consolidated Mining & Minerals Inc. and targets are precious metal properties in stable countries within opportunity rich West Africa, Haiti, North, Central and South America with near term production capabilities. www.sbmining.com

The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statement.

 For further information contact: Rich Kaiser YES International 1-800-631-8127 001-757-306-6090 (outside North America) Email: yes@yesinternational.com

SOURCE: Siguiri Basin Mining, Inc.

Source: MARKET WIRE

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