Buffalo Gold Sells Concentrate for Life of Furtei Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 09, 2008) - Brian
McEwen, President and CEO of Buffalo Gold Ltd. (TSX VENTURE:
BUF)(OTCBB: BYBUF)(FRANKFURT: B4K), is pleased to report that Buffalo
is extending its concentrate sales agreement with MRI Trading AG
("MRI") of Zug, Switzerland to include all concentrates for the life
of the Furtei Mine in Sardinia.
 
As previously reported in Buffalo News Releases of February 13th,
2008 and April 21st, 2008, Buffalo had entered into agreements to
sell concentrates from Furtei to MRI, including up to 5000 tonnes of
gold-pyrite and gold-copper concentrates this year and up to 14,500
tonnes of gold-copper concentrates in 2009. The new agreement
includes even more favourable terms than the previous ones, and
includes the sale of all concentrates produced over the life of the
mine.
 
Buffalo has recently made its first shipment of gold-copper
concentrate. These concentrates grade 90-100 g/t Au and 10-18% Cu,
significantly higher than the 12-18 g/t Au gold-pyrite concentrates
produced and sold to this point. Gold-pyrite concentrates were
produced from the Sa Perrima and Su Masoni open pits this year. More
recently, Buffalo has worked the lower portion of the Su Masoni pit
to produce the enargite-rich ore for the gold-copper concentrate.
 
"The high-grade enargite ore at Furtei is, by nature, high in
sulphide and arsenic levels, making the concentrate a difficult
product to market even with the high gold and copper levels," reports
Mr. Mcewen. "We are therefore very pleased to have started mining and
selling this material, and to have extended our relationship with MRI
to include the sale of all concentrates over the life of the mine. We
look forward to the increased revenue stream that this recent
shipment and futures ones will bring to fuel our growth as a mining
company."
 
About MRI Trading AG
 
MRI Trading AG is a trader of concentrates and other non-ferrous raw
materials. It is part of the MRI group of companies, a leading
investment and trading group in the commodities arena. The group has
a global presence through its offices in Shanghai, Beijing,
Johannesburg, Santiago de Chile, Lubumbashi, New Delhi and Brisbane.
 
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, PNG and Australia.
 
To find out more about Buffalo Gold Ltd. (TSX VENTURE: BUF), please
visit the company website at www.buffalogold.ca.
 
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 CEO
 
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