Simberi Gold Corporation Announces Grant of Stock Options

Simberi Gold Corporation (TSX Venture:SAU) - Simberi Gold Corporation ('SAU') announces that it has granted, to its directors and officers and certain consultants to the Corporation, options to acquire an aggregate of 6,945,000 common shares of Simberi. The options are exercisable at $0.15 for a period of 5 years from the date of grant. Included in these grants are options to acquire 800,000 common shares granted to Norman Brewster, President, Chief Executive Officer and Director of Simberi, options to acquire 750,000 common shares granted to Peter Miller, Secretary, Chairman and director of Simberi, options to acquire 750,000 common shares granted to Michael Newbury, Chief Financial Officer of Simberi, options to acquire 125,000 common shares granted to Peter Gleeson, a director of Simberi, options to acquire 125,000 common shares granted to Maurice Stekel, a director of Simberi and options to acquire 150,000 common shares granted to John Cerenzia, a director of Simberi. The foregoing option grants are subject to approval by the TSX Venture Exchange.

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 Inc. has neither approved nor disapproved the information herein contained.