Hitt og þetta 19. júlí 2007

Buffalo Gold Ltd.: Kinbauri Gold Reports First Drill Program at El Valle Intersects 11.1g/

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 07/19/07 -- Buffalo Gold Ltd. (TSX VENTURE: BUF.U)(OTCBB: BYBUF)(FRANKFURT: B4K) ("Buffalo" or "the Company") is pleased to report that it has been informed by Kinbauri Gold Corp. (TSX VENTURE: KNB) ("Kinbauri") of positive drill results at the El Valle project in Spain. Buffalo holds a 25.4% strategic interest in Kinbauri as part of the Company's on-going strategy of aggressively adding value through investing in or acquiring projects and companies that offer considerable growth potential (see Buffalo news release July 4th, 2007). In a news release issued earlier today, Kinbauri reported: "...the first set of assay results from its drill program at El Valle. The objective of the on-going 7,000m drill program is to define resources to support six years of production, assuming reasonable conversion to reserves. Area 107 and Black Skarn North are being targeted for their continuity of gold and copper mineralization and proximity to existing mining infrastructure. Results from the first ten holes, drilled from the existing mine workings, are summarized in the table below. Thickness Zone(3) From To (2) Au Ag Cu ------- HOLE(1) (m) (m) (m) (g/t) (g/t) (%) Section -------------------------------------------------------------------------- 07KV1001 70.30 79.30 9.00 4.5 6.4 0.31 A107 including 73.20 79.30 6.10 5.6 8.1 0.39 ---- 07KV1001 80.80 85.30 4.50 2.1 9.3 0.85 10 -------------------------------------------------------------------------- A107 07KV1002 167.00 173.40 6.40 6.40 27.6 0.99 ---- including 169.35 173.40 4.05 8.90 36.6 0.91 9 -------------------------------------------------------------------------- NBS & A107 07KV1003 51.60 53.70 2.10 7.60 54.5 2.17 ---------- 07KV1003 64.50 69.00 4.50 2.20 6.7 0.69 10 -------------------------------------------------------------------------- 07KV1004 47.80 52.25 4.45 2.80 11.2 0.57 NBS 07KV1004 66.20 69.60 3.40 2.30 13.3 1.50 --- 07KV1004 105.20 109.40 4.20 7.30 9.1 1.07 6 -------------------------------------------------------------------------- 07KV1005 45.30 50.30 5.00 2.10 14.6 0.79 NBS including 45.30 46.50 1.20 2.37 20.0 1.58 --- 07KV1005 78.80 101.20 22.40 1.50 9.7 0.70 7 including 89.00 90.70 1.70 3.35 22 1.07 -------------------------------------------------------------------------- 07KV1006 83.25 89.15 5.90 3.60 5.0 0.19 NBS & A107 07KV1006 213.95 217.40 3.45 3.70 24.7 1.03 ---------- including 216.25 217.40 1.15 6.13 36.0 1.35 12 -------------------------------------------------------------------------- A107 07KV1007 151.10 152.90 1.80 4.33 7.0 1.16 ---- 07KV1007 157.70 166.00 8.30 5.90 102.4 7.68 8 -------------------------------------------------------------------------- A107 07KV1008 93.85 94.90 1.05 6.23 41.0 1.35 ---- 07KV1008 124.70 128.30 3.60 12.3 5.5 0.36 4 -------------------------------------------------------------------------- A107 07KV1009 65.1 137.1 72.00 5.10 22.9 1.40 ---- including 108.7 134.25 25.55 11.10 47 2.27 11 -------------------------------------------------------------------------- A107 07KV1010 150.00 154.20 4.20 6.9 18.1 0.98 ---- including 153.00 154.20 1.20 12.7 7.0 0.46 3 -------------------------------------------------------------------------- (1) See Schedule A for relative location (to view Schedule A please click on http://www.ccnmatthews.com/docs/buf0719map.pdf): (2) True thicknesses have not been calculated, pending confirmation of geological and mineralization geometry: (3) A107 - Area 107; NBS - Black Skarn North. These results extend the mineralization at Area 107 (beyond its defined resource area as of March 21, 2007) a minimum of 50m to the southeast, 150m to the west and 100m at depth. As noted in sections 10 and 12, high copper (sulphide) and gold values coincide with the apparent intersection of the Area 107 epithermal structure and the Black Skarn to the southeast. The results also suggest that Black Skarn North may be continuous with the Monica Zone some 350 metres to the south. As of March 21, 2007 Ore Reserves Engineering ("ORE") estimated (i) indicated resources of 12,000 ounces gold (38,000 tonnes at 9.8g Au/t) and inferred resources of 342,000 ounces gold (913,000 tonnes at 11.6g Au/t) for Area 107; (ii) inferred resources of 73,000 ounces gold and 5,000 tonnes copper (445,000 tonnes at 5.1g Au/t and 1% Cu) for Black Skarn North; and (iii) measured and indicated resources of 203,000 ounces gold and 19,000 tonnes copper (1,426,000 tonnes at 4.4g Au/t and 1.3% Cu) and inferred resources of 17,000 ounces gold and 2,000 tonnes copper (126,000 tonnes at 4.2g Au/t and 1.6% Cu) for the Monica Zone. The underground drill program is on-going and should be completed in September. It is being supervised by Mr. Santiago Gonzalez, Kinbauri Espana's senior geologist with quality control being provided by Dr. C. F. Gleeson, P.Eng., Kinbauri's Vice-President of Exploration: both qualified persons as defined by NI 43-101. Kinbauri has established an Analytical Quality Assurance Program to control and assure the analytical quality of assays. This program includes the systematic addition of a blank sample, a pulp duplicate and a standard to each batch of 20 samples. The samples are obtained from HQ core sawed in half, crushed, pulverized, homogenized and split in Kinbauri's on site facility at El Valle. Samples are sent to ITMA's laboratory in Oviedo, Spain for analyses. In addition 5% of the samples are sent to ALS Chemex's laboratory in Canada for check analyses. Gold assays are carried out on 30 gram splits using fire assay procedures with an atomic absorption finish. This press release was prepared by Dr. V.N. Rampton, P.Eng. in his capacity as a qualified person. About Kinbauri Kinbauri is a mineral exploration company focused on the development of mineral properties, primarily precious metal prospects in northwestern Spain, Nevada and Canada. Its immediate focus is to expand and upgrade resources to reserves at the El Valle property in Asturias, Spain with a view to re-starting operations at the mine and mill complex there, and to establish resources to support a mine and mill at Corcoesto in Galicia, Spain where it has an option to earn a 65 percent interest. It currently has 43,372,320 common shares issued and outstanding; 67,056,236, fully diluted. Effective July 16th, 2007, Kinbauri's classification as a mining company was upgraded to Tier 1 by the TSXV." For more information on Kinbauri Gold Corp., please see the company website: www.kinbauri-gold.com. About Buffalo Gold Buffalo's management is dedicated to maximizing shareholder value through growth strategies that emphasize careful opportunity assessment and vigilant project management. Buffalo is aggressively exploring at the Mt. Kare project in Papua New Guinea where the Company has defined a NI 43-101 compliant indicated resource of 1.4 million ounces of gold at a 1.0g/t gold equivalent cut-off (see Buffalo news release dated June 21st, 2007). Buffalo has a portfolio of gold exploration projects in producing and past-producing regions of Australia and recently vended the Company's Australian uranium properties into Australian uranium explorer Bondi Mining Ltd (ASX: BOM) for a 44% interest in that company. In July 2007, Buffalo announced a merger with Sargold Resource Corporation (TSX VENTURE: SRG), a junior gold miner with mining and exploration projects in Sardinia, Italy. On behalf of the Board of Directors of BUFFALO GOLD LTD. Damien Reynolds, Chair of the Board of Directors and Chief Executive Officer This press release contains certain forward-looking statements, which are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected. Buffalo undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements. Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission ("SEC") permits mining companies in filings with the SEC to disclose only those mineral deposits that a company can economically and legally extract or produce. The Company uses certain terms in this news release, such as "indicated resource", that the SEC guidelines strictly prohibit from including in filings with the SEC. U.S. investors are urged to consider closely the disclosure contained in the Company's Form 20-F Registration Statement, File No. 000- 30150. The Company's filings are available on the SEC's website at http://www.sec.gov/edgar.shtml. The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release. Contacts: Buffalo Gold Ltd. Julie Hajduk Investor Relations (604) 685-5492 or Toll Free: 1-888-685-5492 (604) 685-2536 (FAX) Email: julie@buffalogold.ca Website: www.buffalogold.ca