Simba Gold Announces Drill Results

Simba Gold Corp. (TSX VENTURE:SGD)(FRANKFURT:S7G) ("Simba" or the "Company") is
pleased to announce initial results from a 4,000 meter drill program and
trenching program at its Miyove Gold Project ("Miyove" or "Project") in the
northwest of Rwanda, Africa. The program was designed follow-up the surface
exploration program earlier this year which consisted of extensive soil and rock
sampling, a ground magnetic survey, and detailed geological mapping. This
program was successful in testing 3 of the 4 target areas at Miyove.


"We are excited about the Miyove Gold Project and how it is developing," says
Igor Vishnevskiy, President & CEO of Simba. "We are fortunate to have SRK, a
well-known provider of exploration services, overseeing the program and are very
happy with the exploration program. Miyove, has excellent infrastructure on the
property, and we look forward to continue success with the gold mineralization
that has been discovered so far."


Highlights

Masogwe mineralization zone: this has been traced over 400 meters along strike
by diamond drilling and remains open down dip and to the NW and SE flanks.
Diamond core assay results show a broad mineralized zone with higher grade
intervals within it:




--  31.1 m @ 1.0 g/t Au, including 2.75m @ 2.3g/t; 
--  18.2 m @ 1.4 g/t Au, including 3.0 m @ 2.5 g/t Au and 4.0 m @ 2.6 g/t Au
--  14.5 m @ 1.1 g/t Au, including 3 m @ 2.67g/t; 
--  11.7 m @ 1.0 g/t Au, including 1 m @ 2.92 g/t; 
--  10.5 m@ 1.0 g/t Au, including 2.25 m @ 2.58 g/t.



At the Murehe occurrence a number of broad geochemical soil anomalies for gold
extend in a NW-SE direction and contain up to 0.4 g/t Au. Three trenches spaced
80 m apart crossed one anomaly and show a broad mineralized zone with higher
grade intervals within:




--  44.0 m @ 0.41 g/t Au, including 4 m @ 0.94 g/t Au and 1.0 m @ 2.2 g/t
    Au; 
--  5.0 m @ 1.75 g/t Au; 
--  7.0 m @ 1.1 g/t Au.



At the Baradega occurrence total of eight profiles spaced 80 m apart have been
performed across the shear zone. Each profile contained a trench and most of
them one or two diamond holes to trace mineralization to depth. As a result the
strike length of the occurrence was increased from approximately 250 m of
previously identified mineralisation up to 620 m. Gold-bearing intervals occur
in silicified sandstone and breccia zones filled with quartz and hematite:




--  16.2 m @ 1.57 g/t Au; 
--  4.15 m @ 2.44 g/t Au; 
--  1.3 m @ 2.27 g/t Au; 
--  3.2 m @ 0.96 g/t Au.



The Miyove Project - background

The Miyove gold project comprises 2,937 hectares and is located in the northern
portion of Rwanda, approximately 65 kilometres from the capital city of Kigali.
Infrastructure at the property includes excellent road access, water and
commercial power access. The project includes two exploration licences which
comprise a total of seventeen exploration blocks. In accordance with the mining
legislation of Rwanda the area of each exploration block does not exceed 400 Ha.
The licences were originally issued in 2006 and 2008 by the MINITERE, MINIRENA
and MINIFOM, in the Republic of Rwanda and have been renewed until 2014 and
2016.


The Miyove gold project is located within the orogenic Mezoproterosoic Kibarin
belt which hosts a number of gold deposits and occurrences in the Democratic
Republic of Congo and Rwanda. The Miyove Project comprises three mineralized
zones referred to as Karenda, Baradega, and Masogwe and a number of occurrences
(including Murehe), all of which lie along a northwest-southeast mineralized
trend which extends for six kilometres.


Current work at the Miyove Gold project 

The 2012 Exploration programme started in June and includes soil sampling on a
grid 100 x 20 m and a ground magnetic survey over the Murehe zone, and trenching
and drilling in the Masogwe, Baradega and Murehe sites. A summary of the work
programme is presented in the table below.




----------------------------------------------------------------------------
                              Progress        Length/Area            Samples
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Trench                       Completed             1791 m               1330
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Drilling                       Running             3449 m               3725
----------------------------------------------------------------------------
Traverses                    Completed             5000 m                 18
----------------------------------------------------------------------------
Soil survey                  Completed            5.2 km2               2540
----------------------------------------------------------------------------
Mag survey                     Running              57 km                   
----------------------------------------------------------------------------



Results from the geochemical soil survey recently completed at Murehe, in the SE
flank of the Project are currently incomplete. The Murehe occurrence was not
previously investigated and is considered to be a new high potential area.


The drilling has been conducted along drilling lines 80 m apart. Each drilling
line comprises one to three boreholes to cross the axial part of the mineralized
shear zone at a depth of 40 m, 80 m and 120 m below the surface. 


Exploration in the Miyove Gold project is being supervised by SRK Exploration
Services Limited ("SRK ES"). 


Dr. Tsypukov, FIMMM, Principal Exploration Geologist with SRK ES is the
Qualified Person, as defined by NI 43-101, for the Miyove Gold project. Dr.
Tsypukov has reviewed and approved the technical content if this news release.


About Simba Gold Corp.

Simba Gold Corp. is an exploration company focused on the development of quality
gold assets in Rwanda, Africa. Simba owns 26% of Rogi Mining Limited ("Rogi")
and has an option to purchase up to 100% over five years. Rogi owns three
properties in Rwanda, with the principal asset being the Miyove Gold Project
which comprises 2,937 hectares over the largest historic gold-producing area in
the country. 


On behalf of the Board of Directors

Igor Vishnevskiy, President and CEO 

Simba Gold Corp.

Cautionary Statement Regarding Forward-Looking Information

Some of the statements contained in this press release are forward-looking
statements and information within the meaning of applicable securities laws.
Forward-looking statements and information can be identified by the use of words
such as "expects", "intends", "is expected", "potential", "suggests" or
variations of such words or phrases, or statements that certain actions, events
or results "may", "could", "should", "would", "might" or "will" be taken, occur
or be achieved. Forward-looking statements and information are not historical
facts and are subject to a number of risks and uncertainties beyond Simba's
control. Actual results and developments are likely to differ, and may differ
materially, from those expressed or implied by the forward-looking statements
contained in this news release. Accordingly, readers should not place undue
reliance on forward-looking statements. The Company undertakes no obligation to
update publicly or otherwise revise any forward-looking statements, except as
may be required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Simba Gold Corp.
Julie Hajduk
Investor Relations
+1 604.568.2486
[e-mail]
www.simbagoldcorp.com