Simberi Mining Corporation: TSXV Approval of Name Change

Wednesday, August 9th 2006

Simberi Mining Corporation is pleased to announce that it has received approval from the TSX Venture Exchange of a name change from “Simberi Gold Corporation” to “Simberi Mining Corporation”. The name change was approved by Simberi’s shareholders at the annual and special meeting held on July 24, 2006. Simberi will commence trading under its new name on August 9, 2006. Simberi’s common shares will continue to trade under the stock symbol SAU.

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.

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

Contact:

Contacts: Simberi Mining Corporation Michael Newbury

(416) 603-7200

Source: Simberi Mining Corporation