Press Release Simberi Gold Corporation

Simberi Gold Corporation (“Simberi”) (TSX Venture Exchange: SAU) announced today that it is one of a number of companies selected by the Ontario Securities Commission (“OSC”) for continuous disclosure review. As part of that review, the OSC has determined that Simberi’s MD&A disclosure for the year ended December 31, 2004 and for the three quarters ended March 31, June 30, September 30, 2005 should be revised to more completely comply with regulations. Accordingly, Simberi intends to revise and re-file its MD&A for those periods.

Simberi Gold Corporation is a junior resource company focused on the exploration and acquisition of developed precious and base metal projects internationally that have delineated resources. The Corporation’s objective is to aggressively explore and invest in a limited number of precious and base metal properties that have significant potential to become a metal producer within a short time frame. Simberi’s main exploration property is the Kakanda copper/cobalt project located near Lumbumbashi in the Democratic Republic of the Congo.

Neither the TSX Venture Exchange, nor any other securities regulatory authority has approved or disapproved of the contents of this news release.

For more information:
Mike Newbury, CEO and Chairman
Tel: (416) 603 7200
Fax: (416) 603 9200
Email: newbury@simberigold.com
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.