Buffalo Gold Ltd

Published : April 30th, 2007

Terminates LOI to Acquire Dynasty Gold Corp.

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24TH Floor - 1111 W. Georgia St.

Vancouver, BC, Canada V6E 4M3

Phone: 604.685.5492 Fax: 604.685.2536

www.buffalogold.ca

 

                                                                                   

April 26, 2007

 

Trading Symbol:  TSXV – BUF.U

     OTC\BB  – BYBUF

FWB – B4K

                                                                                                                                        

BUFFALO GOLD TERMINATES LOI TO ACQUIRE DYNASTY GOLD CORP.

 

Vancouver, B.C., April 26, 2007 – Buffalo Gold Ltd. (TSX-V: BUF.U; OTC-BB: BYBUF; FWB: B4K) announces that it has terminated a Letter of Intent to enter into a friendly merger with Dynasty Gold Corp (TSX-V: DYG; FWB: D5G). (See Buffalo Gold News Release, March 13, 2007.)

 

Under the agreement, Buffalo would have acquired all of the outstanding securities of Dynasty in exchange for common shares and common share purchase warrants and options of Buffalo (the “Transaction”).  Dynasty is a Vancouver-based publicly traded gold exploration company with three highly prospective projects in Northwest China.

 

Upon completion of the initial due diligence, Buffalo’s Board of Directors has determined that the acquisition of Dynasty does not fulfil the Company’s objective of becoming a near term gold producer.   

 

Damien Reynolds, Chairman of Buffalo commented, “ Dynasty has great exploration projects and land positions in very prospective mineral belts in China, however in our opinion delineating reserves and bringing the projects to production requires a bigger time commitment than fits our current strategy.  These projects are better suited to the large partners Dynasty already has in Anglo Gold Ashanti and Avocet Mining.  Buffalo’s strategy remains to be aggressive on the acquisition front but to focus on more advanced projects.”

 

Completion of the Transaction was subject to satisfaction of a number of conditions, including, but not limited to, completion of due diligence and the receipt of all required approvals, including approval of the Toronto Stock Exchange, the TSX Venture Exchange, and of the shareholders of Dynasty

 

To find out more about Buffalo Gold Ltd. (TSX-V: BUF.U), please visit the company website at www.buffalogold.ca.

 

 

On behalf of the Board of Directors of

BUFFALO GOLD LTD.

 

     “Damien Reynolds

                                                           

Damien Reynolds,

Chair of the Board of Directors

and Chief Executive Officer

 

 

For further information please contact:

Julie Hajduk, Investor Relations

E-mail: julie@buffalogold.ca

Phone: 604.685.5492 or T.F. 1.888.685.5492

 

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS PRESS RELEASE

 

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 “inferred 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.

 

 

 

Buffalo Gold Ltd

CODE : BUF.V
ISIN : CA11953Q1063
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Buffalo Gold is a gold exploration company based in Canada.

Buffalo Gold holds various exploration projects in Canada and in Papua New Guinea.

Its main exploration properties are MT KARE in Papua New Guinea and VARLAAM and RED in Canada.

Buffalo Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.8 millions as of today (US$ 2.2 millions, € 2.0 millions).

Its stock quote reached its highest recent level on January 04, 2008 at CA$ 0.55, and its lowest recent point on April 20, 2023 at CA$ 0.01.

Buffalo Gold has 280 729 049 shares outstanding.

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Annual reports of Buffalo Gold Ltd
Annual Report 2007
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9/11/2007Kinbauri Intersects 24 g/t Gold and 2.5% Copper over 3.5 Met...
5/18/2007(Mt Kare)and Madison Move Forward Aggressively at Mt. Kare
5/1/2007(Mt Kare)Reports Additional Gold Intersections at Mt. Kare
Corporate news of Buffalo Gold Ltd
5/15/2008Explains Trading Halt
9/10/2007AND SARGOLD SIGN ARRANGEMENT AGREEMENT
7/4/2007Kinbauri Receives Approval For Acquisition of Rio Narcea Gol...
6/21/2007Releases New Resource Estimate for Mt. Kare
5/14/2007Spins Off Uranium Assets to Australian Explorer Bondi Mining...
4/30/2007Terminates LOI to Acquire Dynasty Gold Corp.
4/5/2007Makes Strategic Investment in Upcoming Gold Producer Kinbaur...
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