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FL

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Alias Born 03/20/2004

FL

Re: FL post# 1461

Thursday, 04/20/2006 3:51:13 PM

Thursday, April 20, 2006 3:51:13 PM

Post# of 2138
You go, Red Back! 26m@13.23oz, 13m@63.54 oz gold

[ The trading pattern is good -- until today, every day a drift with a pop in the last hour. Accumulation. On this big down-day for gold and gold stocks, RBI.TO is up 6% so far. I have a little bit, may get more, but "Dip, where art thou?" The formatted article is at: http://web1.kitco.com/pr/1267/article_04192006080214.pdf FL ]

FURTHER HIGH GRADE RESULTS FROM AKWAABA

April 19, 2006 (RBI - TSX) … Red Back Mining Inc. (the “Company” or “Red Back”) is pleased to report on the initial results of a 3rd phase drill program at the Akwaaba deposit, located 5 kilometres to the south of the Chirano plant site. Drilling continues to target a high grade, north plunging structure that is showing increased grade and width at depth.

The first two holes of this program have intersected the highest grades ever seen at Chirano. The results are detailed below:

Hole ID From (m) To (m) Interval (m) Grade (g/t gold)
CHRC733D 269 279.2 10.2 7.68
incl 273 278 5 13.24
298 324 26 13.23
incl 310 320 10 23.47
CHRC734D 420 433 13 63.54
433 450 eoh 17 2.41

As a matter of routine and policy, the Company is conducting further quality control checks on these high grade intervals. Core recovery for all intercepts reported averaged over 90%. These holes are the first of a 7,000 metre programme of step-out and infill reverse circulation (pre-collars) and diamond drilling that is in progress at Akwaaba. Upon completion of this programme a preliminary underground resource evaluation will be calculated, scheduled for mid 2006.

Commenting on the results, Richard Clark, President and CEO of the Company stated: “The underground potential of Akwaaba continues to expand with increasing width and higher grade at depth. Drilling is being accelerated to establish a resource assessment and scoping study on a shallow underground operation at Akwaaba early in the Chirano mine life. In addition, a detailed model of the Akwaaba geology and high grade mineralization is being developed for application to the other 11 surface deposits which currently comprise the Chirano Mine. We are optimistic that our success at Akwaaba will be duplicated beneath some of the other pits.”

The technical contents of this release have been reviewed by Hugh Stuart, BSc., MSc, a Qualified Person pursuant to NI-43101. Mr. Stuart is the Exploration Manager of the Company. Selected samples from this lab are check assayed each month. Samples are prepared and analyzed by fire assay using a 50 gram charge at the Analabs facility in Bibiani, Ghana in compliance with industry standards. Field duplicate samples are taken and blanks and standards are added to every batch submitted. Selected samples from this lab are check assayed each month at other Analabs laboratories worldwide. True widths are not accurately known at this time; in some cases they may be less than the core lengths reported.

Red Back Mining Inc
2101 - 885 West Georgia Street, Vancouver, BC Canada V6C 3E8
Tel: (604) 806-3070 Fax: (604) 689-5452 redbackmining.com
On behalf of the Board of Directors
“Richard P. Clark”
President

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.


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