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Simberi Gold Corporation Press Release
February 3, 2005
Toronto – February 3, 2005 – Simberi Gold Corporation (TSX-V: SAU) – Simberi Gold Corporation (“Simberi”) announces that it has completed an agreement with Allied Gold Limited for the sale of the Simberi gold project on Simberi Island, Papua New Guinea (the “Property”) (see press release dated November 16, 2004).
The sale of the Property is subject to regulatory approval and the approval of shareholders for which a special meeting of shareholders is called March 16, 2005. Simberi’s parent corporation, PGM Ventures Corporation, has indicated their intention to vote in favour of the sale agreement.
To find out more about Simberi Gold Corporation (TSX-V: SAU), please contact Jim Voisin at (519) 699-5352 or visit our website at www.simberigold.com.
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.
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