RED BACK COMMENTS ON RECENT
EVENTS IN MAURITANIA
August 7, 2008 (RBI
- TSX) . Red Back Mining Inc. (the "Company" or "Red Back") is the owner and
operator of the Tasiast gold mine in Mauritania.
On August 6, 2008 a peaceful coup d'etat occurred in Mauritania
and a High State Council was established. Below are excerpts from a communiqu�
released on August 7, 2008:
"The
High Council of State has ended the powers of the President of the Republic,
invested in him on April 19 2007, and it will take the necessary steps to
assure the continuity of the State. It will also supervise, in
concert with the institutions (of state), political groups and civil
society, Presidential elections in order to continue the democratic process and
put it on a sustainable basis.
These elections,
which will be organized in the shortest time possible, will be free and
transparent and assure a future with continuity and
harmony in all constitutional powers.
The High
Council is committed to respect all international treaties and engagements
and conventions which Mauritania
has signed"
* translation by Red Back Mining Inc.
Reports from our Nouakchott
office confirm that Mauritanians are going about their daily business, shops
are open and the airport has returned to normal operations.
The Tasiast gold mine continues to operate normally
and has not been affected in any way. Tasiast is located in a remote part
of north-western Mauritania,
about 330 km from Nouakchott. Red Back personnel in country,
including Chief Operating Officer Kevin Ross, are continuing to conduct
operations as usual.
Red Back is committed to working with the people of Mauritania
to realize the potential of the country's mineral resources.
About Red Back
Red Back Mining Inc. is an unhedged African focused
gold producer. It owns and operates the Chirano Gold Mine in Ghana
(90% interest) and the Tasiast Gold Mine in Mauritania
(100% owned). Major plant expansions at both Chirano and Tasiast are underway.
An aggressive exploration program aimed at increasing the Company's resource
and reserve base at both Chirano and Tasiast is continuing.
This News Release contains
forward looking statements which are subject to a variety of risks and
uncertainties which could cause actual events or results to differ materially
from those reflected in the forward looking statements. The Company does not intend
to update this information and disclaims any legal liability to the contrary.
On Behalf of the Board,
Richard P. Clark
President and CEO
For further information, please
contact Simon Jackson, VP-Corporate
Development or Sophia Shane, Investor Relations at 604-689-7842