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Simberi Mining Corporation: Press Release

June 20, 2006 Simberi Gold Corporation (the “Corporation”) – The Corporation is pleased to announce the formal appointment of Julian Fosbery as Chief Financial Officer.

Mr. Fosbery’s principal occupation is as a Chartered Accountant. He is currently a partner in Fingold & Fosbery Professional Corporation. Mr. Fosbery has significant experience with publicly listed companies, serving as an officer of Talware Networx Inc., a junior industrial company listed on the TSX Venture Exchange, since 2005. Mr. Fosbery also serves in the capacity of CFO of Wycliffe Resources Inc., a junior listed reporting entity that carries on mineral exploration and development activities. He is also the CFO of YSV Ventures Inc., a public junior resources company that is currently listed on the NEX board of the TSX Venture Exchange.

The former CFO, Maurice Stekel, will remain on the Board of Director’s and act as the chair of the Audit Committee.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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