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Re: FL post# 1478

Monday, 05/01/2006 9:43:26 AM

Monday, May 01, 2006 9:43:26 AM

Post# of 2138
Birim Acquires Techimentia Concession, Ghana Sefwi Belt Land Holdings Increase to 1,358 sq. km.

MONTREAL, CANADA--(CCNMatthews - May 1, 2006) - Birim Goldfields Inc. (TSX:BGI) ("Birim" or "the Company") is pleased to announce that it has signed an option agreement with Ghanaian vendor Sagon Mining Ghana Limited granting the exclusive right to earn a 100% interest in the 168 sq. km Techimentia Reconnaissance License on Ghana's productive Sefwi Gold Belt.

Techimentia property is situated at the northern end of the Sefwi Gold Belt between Birim's Nkenkasu concession and Newmont's Ahafo Mining Leases (see map at the following address: http://www.ccnmatthews.com/docs/Birimap.jpg). Techimentia covers geological structures that are associated with the gold deposits at Newmont's Ahafo Gold project, the closest of which are 5 kilometers to the west of the concession's western boundary.

The agreement provides for a partial re-imbursement to Sagon for previous expenses (an initial US$20,000 and another US$20,000 after Year 1). Birim will also make escalating annual payments to Sagon amounting to a total of US$280,000 over 5 years. Birim will commit to a minimum of US$150,000 exploration expenditure in Year 1 and a minimum of US$250,000 per year from Year 2 to Year 5. Birim will acquire 51% after expending US$750,000 and the remaining interest (100%) after expending another U$1,750,000 (total US$2,500,000) on the Property, subject to Sagon retaining a 1.5% NSR on commercial production. Birim will retain the exclusive right to purchase the 1.5% NSR from Sagon for a total consideration of US$2,000,000.

The objective of the acquisition of Techimentia is to increase Birim's land holdings over prospective ground in close proximity to a developing mine site. In Ghana the Sefwi Belt has become an area of active exploration; since 2003, the total contained resource on the Belt has expanded from 4,000,000 to 23,000,000 gold ounces. In the first year, Birim has planned reconnaissance activities on the concession to generate primary soil gold targets. This work will involve soil sampling on a regular grid pattern,regolith and geomorphological studies, and airborne and ground geophysical investigations and interpretations.

Birim Goldfields Inc. is a royalty-based exploration company focused on gold exploration in Ghana and trades on the Toronto Stock Exchange under the symbol BGI.

CONTACT INFORMATION

Birim Goldfields Inc.
Denis Simoneau, CEO
(514) 393-8611
1 (800) 721-8611 (toll free)
info@birim.com

or

Birim Goldfields Inc.
Farah Alibhai, Investor Relations
(604) 731-7340
farah@birim.com
www.birim.com


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