RED BACK MINING ADDED TO
S&P/TSX COMPOSITE INDEX
September 18, 2007... (RBI – TSX) –
Red Back Mining Inc.
(the “Company” or “Red Back”) is
pleased to announce that it will be added to the S&P/TSX Composite
Index, effective September 24, 2007.
In addition, the Company is a constituent of
the S&P/TSX Global Gold Index and the S&P/TSX Global Mining Index.
Red Back Mining Inc. is an African focused gold
producer. It owns and operates the Chirano Gold Mine in Ghana and the Tasiast Gold Mine in Mauritania.
At Chirano, the Company is expanding its current operations through
development of newly discovered high grade underground resources. At
Tasiast, gold production has commenced with commercial production anticipated
by year end. In addition, Red Back is continuing an aggressive exploration
program to increase its resource and reserve base at both projects.
FORWARD-LOOKING INFORMATION
This press release contains “forward-looking
information” that is based on Red Back’s current expectations,
estimates, forecasts and projections. This forward-looking information
includes, among other things, statements with respect to Red Back’s
plans, outlook and business strategy. The words “may”,
“would’, “could”, “should”, “will”,
“likely”, “expect’, “anticipate”,
“intend”, “estimate”, “intend”,
“plan”, “forecast”, “project”,
“estimate” and “believe” or other similar words and
phrases are intended to identify forward-looking information.
Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause Red Back’s
actual results, level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking
information. Such factors include, but are not limited to:
uncertainties related to drilling results; the ability to raise sufficient
capital to fund exploration; changes in economic conditions or financial
markets; changes in prices for Red Back’s mineral products or increases
in input costs; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological or
operational difficulties or inability to obtain permits encountered in
connection with exploration activities; and labour relations matters.
This list is not exhaustive of the factors that may
affect our forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on such
forward-looking information. Red Back disclaims any intention or
obligation to update or revise forward-looking information, whether as a result
of new information, future events or otherwise.
ON BEHALF OF THE
BOARD
(signed) “Richard
P. Clark”
President
For further information, please
contact:
Simon Jackson, VP Corporate
Development, at (604) 689-7842 or
Sophia Shane, Investor Relations, at
(604) 689-7842.
