Simberi / Allied Transaction Closes

Toronto – April 13, 2005 – Simberi Gold Corporation (TSX-V: SAU) – Simberi Gold Corporation (“Simberi”) is pleased to announce that it has now completed the transaction with Allied Gold Limited for the sale of a 37.5% interest in the Simberi Island gold project. Simberi has also sold its 1% interest in the Tabar Islands exploration joint venture as part of the transaction. The project, which is under development is located on Simberi Island in the Tabar Island Group, Papua New Guinea (see press release dated November 16, 2004 for details of the sale). Simberi received a total of C$3,838,031 in cash for its interest in Simberi and the Tabar joint venture and retains a 12.5% carried interest in the project.

Simberi is currently investigating the potential for investing in a number of gold projects.

To find out more about Simberi Gold Corporation (TSX-V: SAU), please contact Norman Brewster at (416) 815-8666 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.