CORAL GABLES, FL -- (MARKET WIRE) -- 04/17/2007 -- Herbert Hendricks has been unanimously elected by the SBMI Board of Directors to be the CEO of Siguiri Basin Mining Inc. (PINKSHEETS: SBMI).

Mr. Hendricks has worked extensively as an International Mining Executive and Consultant with more than 40 years of hands on experience. He has worked all over the world including the Western United States, Canada, British Columbia, Alberta, The Yukon, Mexico, Latin America, South America, and Africa serving the gold mining industry with pride and professionalism.

He is a well-seasoned International traveler and explorer with extensive remote back country experience who works well with native peoples in hostile environments; he's a team player who speaks Spanish, and is conversant in many Indian dialects; he has extensive experience in hard rock underground gold mining and surface placer mining, gold exploration, project feasibility studies, planning and development, plant set-ups, milling and gold concentrate production, International company set-ups and management, mining laws, accounting, bookkeeping and public relations. He is an expert in fine gold recovery, security, and has the ability to honestly handle large sums of money and gold safely.

Mr. Hendricks comments: "I am pleased and proud to begin my tenure with SBMI and look forward to contributing to the success of Siguiri Basin Mining Inc."

ABOUT THE COMPANY

Siguiri Basin Mining Inc. (PINKSHEETS: SBMI) is a mineral exploration and development company focused on achieving producer status. The Company's targets are precious metal properties in stable countries within opportunity rich West Africa, Central and South America with near-term production capabilities.