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Buffalo Gold extends gold-copper concentrate sales deal

www.platts.com | Jul 9, 2008

Platts is the world's leading provider of energy information. Read headlines and news stories and see the energy and commodity related products we offer.

http://www.platts.com/Metals/News/8866775.xml?src=rssheadlines0

Buffalo Gold reveals resource estimate from Furtei mine > Gold News > World Gold Council, the

Buffalo Gold has announced a resource estimate from its Furtei gold mine in Sardinia. Measured and indicated sulphide resources of 425,800 ounces of gold, including 5.73 million tons at 2.3 g/t gold, were shown in the results.

http://www.gold.org/news/2008/09/04/story/10139/buffalo_gold_reveals_resource_estimate_from_furtei_mine

Buffalo Gold Ltd. News - The New York Times

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http://topics.nytimes.com/top/news/business/companies/buffalo-gold-ltd/index.html

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Buffalo gold coin information

The new American Buffalo Gold coin obverse and reverse designs feature images originally prepared by noted American sculptor James Earle Fraser, once a student of Augustus Saint-Gaudens, for America’s 5-cent coin (nickel).

http://www.goldinvestment.com/american_buffalo_24karat_gold_coins-Information.htm

Buffalo Gold Limited - BUF.U Vancouver BC CAN

Through an intelligent mapping environment, Intierra combines geotechnical and land tenure information with the Minmet Financial Markets service – a detailed, near real-time, company and project database, sourced from global stockmarket feeds.

http://www.intierra.com/html/companies/Buffalo%20Gold%20Limited.htm

United States Senator John Ensign

Washington, D.C. – U.S. Senators Harry Reid and John Ensign of Nevada applauded the recent availability of the New American Buffalo 24-Karat Gold Coin proof.

http://ensign.senate.gov/media/pressapp/record.cfm?id=259231

 

Notification of Price Decreases for American Eagle Gold and Platinum Coins, American Buffalo Gold

SUMMARY: The United States Mint is adjusting prices for its American Eagle Gold and Platinum Coins, American Buffalo Gold Coins, and First Spouse Gold Coins.

Pursuant to the authority that 31 U.S.C. 5111(a) and 5112(k) grant the Secretary of the Treasury to mint and issue gold and platinum coins, and to prepare and distribute numismatic items, the United States Mint mints and issues 2008 American Eagle Gold and Platinum Coins, American Buffalo Gold Coins, and First Spouse Gold Coins. In accordance with 31 U.S.C. 9701(b)(2)(B), the United States Mint is changing the price of these coins to reflect decreases in the market price of gold and platinum.

Effective on or about November 14, 2008, the United States Mint will commence selling the following 2008 American Eagle Gold and Platinum Coins, American Buffalo Gold Coins and First Spouse Gold Coins according to the following price schedule:

Product                                Price
     American Eagle Gold Coins
2008 AMERICAN EAGLE ONE OUNCE GOLD     $1,024.95
PROOF COIN
2008 AMERICAN EAGLE ONE-HALF OUNCE     534.95
GOLD PROOF COIN
2008 AMERICAN EAGLE ONE-QUARTER OUNCE  302.45
GOLD PROOF COIN
2008 AMERICAN EAGLE ONE-TENTH OUNCE    162.95
GOLD PROOF COIN
2008 AMERICAN EAGLE GOLD PROOF         1,952.45
FOUR-COIN SET
2008 AMERICAN EAGLE ONE OUNCE GOLD     974.95
UNCIRCULATED COIN
2008 AMERICAN EAGLE ONE-HALF OUNCE     509.95
GOLD UNCIRCULATED COIN
2008 AMERICAN EAGLE ONE-QUARTER OUNCE  287.45
GOLD UNCIRCULATED COIN
2008 AMERICAN EAGLE ONE-TENTH OUNCE    154.95
GOLD UNCIRCULATED COIN
2008 AMERICAN EAGLE GOLD UNCIRCULATED  1,862.45
FOUR-COIN SET
     American Eagle Platinum Coins
2008 AMERICAN EAGLE ONE OUNCE PLATINUM 1,119.95
PROOF COIN
2008 AMERICAN EAGLE ONE-HALF OUNCE     599.95
PLATINUM PROOF COIN
2008 AMERICAN EAGLE ONE-QUARTER OUNCE  359.95
PLATINUM PROOF COIN
2008 AMERICAN EAGLE ONE-TENTH OUNCE    199.95
PLATINUM PROOF COIN
2008 AMERICAN EAGLE PLATINUM PROOF     2,179.95
FOUR-COIN SET
2008 AMERICAN EAGLE ONE OUNCE PLATINUM 1,069.95
UNCIRCULATED COIN
2008 AMERICAN EAGLE ONE-HALF OUNCE     569.95
PLATINUM UNCIRCULATED COIN
2008 AMERICAN EAGLE PLATINUM           2,089.95
UNCIRCULATED FOUR-COIN SET
10th ANNIVERSARY PLATINUM SET          1,249.95
     American Buffalo Gold Coins
2008 AMERICAN BUFFALO ONE OUNCE GOLD   1,049.95
PROOF COIN
2008 AMERICAN BUFFALO ONE-HALF OUNCE   549.95
GOLD PROOF COIN
2008 AMERICAN BUFFALO ONE-QUARTER      312.45
OUNCE GOLD PROOF COIN
2008 AMERICAN BUFFALO ONE-TENTH OUNCE  164.95
GOLD PROOF COIN
2008 AMERICAN BUFFALO GOLD PROOF       2,005.45
FOUR-COIN SET
2008 AMERICAN BUFFALO ONE OUNCE GOLD   999.95
UNCIRCULATED COIN
2008 AMERICAN BUFFALO ONE-HALF OUNCE   524.95
GOLD UNCIRCULATED COIN
2008 AMERICAN BUFFALO ONE-QUARTER      297.45
OUNCE GOLD UNCIRCULATED COIN
2008 AMERICAN BUFFALO ONE-TENTH OUNCE  158.95
GOLD UNCIRCULATED COIN
2008 AMERICAN BUFFALO GOLD             1,902.45
UNCIRCULATED FOUR-COIN SET
AMERICAN BUFFALO 2008 CELEBRATION COIN 968.88
8-8-08 DOUBLE PROSPERITY SET           1,078.88
     First Spouse Gold Coins
2008 FIRST SPOUSE SERIES ONE-HALF      549.95
OUNCE GOLD PROOF COIN JACKSON'S
LIBERTY
2008 FIRST SPOUSE SERIES ONE-HALF      524.95
OUNCE GOLD UNCIRCULATED COIN JACKSON'S
LIBERTY
2008 FIRST SPOUSE SERIES ONE-HALF      549.95
OUNCE GOLD PROOF COIN LOUISA ADAMS
2008 FIRST SPOUSE SERIES ONE-HALF      524.95
OUNCE GOLD UNCIRCULATED COIN LOUISA
ADAMS
2008 FIRST SPOUSE SERIES ONE-HALF      549.95
OUNCE GOLD PROOF COIN ELIZABETH MONROE
2008 FIRST SPOUSE SERIES ONE-HALF      524.95
OUNCE GOLD UNCIRCULATED COIN ELIZABETH
MONROE

FOR FURTHER INFORMATION CONTACT: Andrew Brunhart, Deputy Director; United States Mint; 801 Ninth Street, NW.; Washington, DC 20220; or call 202-354- 7500.

Authority: 31 U.S.C. 5111, 5112 & 9701.

Dated: November 10, 2008.

Edmund C. Moy,

Director for United States Mint.

[FR Doc. E8-27144 Filed 11-14-08; 8:45 am]

BILLING CODE 4810-02-P

Vol. 73, No. 222

Notices

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Tags: billing   gold   platinum   prices   schedule   united states   washington dc  

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Buffalo Signs M.O.U. for Initial CDN$13M Investment Deal - Zibb.com

VANCOUVER, BRITISH COLUMBIA--(Marketwire - October 22, 2008) - Brian McEwen, President and CEO of Buffalo Gold Ltd. (TSX VENTURE: BUF)(OTCBB: BYBUF)(FRANKFURT: B4K) is pleased to announce that the Company has signed a Memorandum of Understanding (M.O.U.) with China Railway Resources Co. LTD. ("CRRC"), a wholly owned subsidiary of China Railway Group Limited ("CREC") (www.crec.cn) to invest directly into the Company as well as finance the Mt Kare project in Papua New Guinea and the grassroots projects in Australia. "CREC" is a public company registered in the People's Republic of China and one of the largest civil construction companies in the world. From January 2008 to June 2008 CREC reported profit attributable to the equity holders of the Company of RMB1.906 billion ($332,000,000 CDN), representing a year-on-year growth of 190%. CREC has created a Resource Development Branch to invest in overseas mineral development projects.

Buffalo Gold's CEO, Brian McEwen commented, "We are very excited to have signed this MOU with CREC. Raising money for early stage projects is extremely difficult in the current market, and as such our Australian properties and even the Mt Kare project have been underexplored for the past year. Buffalo now has a partner with the financial backing to complete exploration and evaluation at Mt Kare and our portfolio of grass roots projects in Australia. This allows us to focus on completing the underground feasibility study at our Furtei operation in Sardinia so that we can increase our revenues from that project."

Under the terms of the M.O.U., CRRC intends to:

- Make an equity investment into Buffalo of $3,000,000 CDN at $0.10 for each unit. Each unit contains one common share and one half share warrant at $0.30 per share for one year from date of closing.

- Make a project investment $7,500,000 CDN into Buffalo's Mt Kare JV with Madison Minerals within 24 months of signing to earn 54% of the project.

- Earn up to 72% in the project by making a cash payment of $5,000,000 CDN to the Mt Kare JV and completing a feasibility study on the project. CRRC will earn 82% with a total project investment of at least $40,000,000 CDN.

- Make a total project investment into Buffalo's Australian portfolio of $2,500,000 CDN to earn 60%. CRRC can earn up to 80% in any of the projects by advancing to the stage of resources as defined in NI 43-101.

The M.O.U. is contingent on CRRC completing due diligence on Buffalo and its assets and receiving all approvals, including approval from the TSX Venture Exchange.

Time is of the essence and the proposed schedule is for CRRC to begin due diligence and site visits and within two weeks of signing and if satisfied with the due diligence to finalize terms and conditions within eight weeks of signing.

Madison-Buffalo joint venture

The interests of Buffalo Gold and Madison Minerals in the Mt. Kare project are currently held via a joint venture agreement dated June 25, 2007 by which Buffalo has a 60% interest and Madison a 40% interest, which is subject to dilution in certain circumstances. Completion of the transactions set out in the M.O.U. would result in the replacement of that joint venture agreement with a new agreement, providing for, among other matters:

- Fixing Madison's interest in the project at 40% of the total retained Madison-Buffalo interest at all stages going forward, not subject to dilution.

- A cash payment from Buffalo to Madison of $352,165 CDN on regulatory acceptance of an agreement in respect of the matters set out in the M.O.U.

- Receipt by Madison of 40% of the $5,000,000 USD cash payment to the JV as set out above.

- Retention by Madison of 3.2% interest in the project at the point of CREC's earning its 82% interest.

- Relief from a requirement that Madison fund a portion of the JV's expenditures on the Mt. Kare project since July 14, 2008 or, in the alternative, face dilution of its interest to an amount less than 40%.

Madison confirms that it is the owner of 3,521,648 shares of Buffalo Gold Ltd.

About CREC

China Railway Group Ltd. ("CREC") is one of the largest civil construction companies in the world and the largest railway, road, bridge and tunnel construction company in Asia. The Company's current ranking in Fortune 500, as published in the US Fortune magazine in 2008, is 341; rank 332 in the ''Top 500 Brands in the World'' list prepared by World Brand Laboratory in 2008; and rank 433 in the ''Global 500'' published in the Financial Times.

About Buffalo Gold

Buffalo's vision is to build shareholder value by growing a gold mining company through a combination of exploration and acquisition. The Company became a gold producer in November 2007 with the acquisition of the Furtei mine, and is exploring projects in Sardinia, Papua New Guinea and Australia.

To find out more about Buffalo Gold Ltd. (TSX VENTURE: BUF), please visit the company website at www.buffalogold.ca. To find out more about Madison Minerals Inc. (TSX VENTURE: MMR) please visit the company website at www.madisonminerals.com.

Brian McEwen is the Qualified Person for Buffalo and has read and approved the contents of this news release.

On behalf of the Board of Directors of BUFFALO GOLD LTD.

Brian McEwen, President and Chief Executive Officer

On behalf of the Board of Directors of MADISON MINERALS INC.

Chet Idziszek, President and Chief Executive Officer

THIS PRESS RELEASE CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS, WHICH ARE BASED ON THE OPINIONS AND ESTIMATES OF MANAGEMENT AT THE DATE THE STATEMENTS ARE MADE, AND ARE SUBJECT TO A VARIETY OF RISKS AND UNCERTAINTIES AND OTHER FACTORS THAT COULD CAUSE ACTUAL EVENTS OR RESULTS TO DIFFER MATERIALLY FROM THOSE PROJECTED. BUFFALO UNDERTAKES NO OBLIGATION TO UPDATE FORWARD-LOOKING STATEMENTS IF CIRCUMSTANCES OR MANAGEMENT'S ESTIMATES OR OPINIONS SHOULD CHANGE. THE READER IS CAUTIONED NOT TO PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS.

CAUTIONARY NOTE TO U.S. INVESTORS

THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION ("SEC") PERMITS MINING COMPANIES, IN THEIR FILING WITH THE SEC, TO DISCLOSE ONLY THOSE MINERAL DEPOSITS THAT A COMPANY CAN ECONOMICALLY AND LEGALLY EXTRACT OR PRODUCE. WE USE CERTAIN TERMS IN THIS WEBSITE, SUCH AS "MINERAL RESOURCES," "MEASURED," "INDICATED," AND "INFERRED RESOURCES," THAT THE SEC GUIDELINES PROHIBIT US FROM INCLUDING IN OUR FILING WITH THE SEC. INVESTORS ARE URGED TO CONSIDER CLOSELY THE DISCLOSURE IN OUR FORM 20-F, FILE NO. 0-30150, AVAILABLE FROM US BY CONTACTING THE INVESTOR RELATIONS DEPARTMENT. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS PRESS RELEASE. Contacts: Buffalo Gold Ltd. Julie Hajduk Investor Relations (604) 685-5492 or Toll Free: 1-888-685-5492 (604) 685-2536 (FAX) Email: julie@buffalogold.ca Website: www.buffalogold.ca

Madison Minerals Inc. David Scott Investor Relations (604) 331-8772 or Toll Free: 1-877-529-8475 (604) 331-8773 (FAX) Email: dscott@mine-tech.com Website: www.madisonminerals.com

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

SOURCE: Madison Minerals Inc. and Buffalo Gold Ltd.

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Tags: acquisition   asia   australia   british columbia   ceo   china   construction   email   equity   exploration   finance   frankfurt   gold   investment   joint venture   magazine   market   mining   money   note   papua new guinea   president   profit   schedule   sec   securities   vancouver  

Companies: Buffalo Gold Ltd (BUF), Buffalo Gold Ltd (BYBUF), China Railway Group Ltd (CRWOF)

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