The Corporation wishes to announce that it has made a decision to suspend, until further notice.

Toronto - September 30, 2005 - Simberi Gold Corporation (the "Corporation") - Subsequent to a news release dated July 4th, 2005, the Corporation wishes to announce that it has made a decision to suspend, until further notice, investigations on the Olon Ovoot gold project. The Company requires additional evaluation and discussion regarding the project that need to be clarified and assessed before it can proceed with a formal agreement with the Mongolian partner Mongol Gazar LP.

The Corporation is continuing to investigate other precious and base metal projects as potential investment targets.

Simberi Gold Corporation is a junior resource company focused on the exploration and acquisition of developed low cost precious and base metal projects internationally. The Corporation's objective is to aggressively explore the potential for investing in a number of precious and base metal properties with the aim to become a metal producer.

To find out more about Simberi Gold Corporation (TSX-V: SAU), please contact Mike Newbury 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.

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