Gold Exploration in West Africa

[FL]

Red Back (RBI.TO) 26m@13.23g/t gold, 56.14m@7.06, etc.

Red Back Reports Further High Grade Expansion at Akwaaba

Last Update: 9:00 AM ET Jun 29, 2006

VANCOUVER, BRITISH COLUMBIA, Jun 29, 2006 (CCNMatthews via COMTEX) -- Red Back Mining Inc. (the "Company" or "Red Back") (CA:RBI: news, chart, profile) is pleased to provide an update on recent results from the ongoing drilling program at Akwaaba, the southernmost planned open pit at the Chirano gold mine located in Ghana, Africa. A further 13 holes (4,576 metres) have now been completed of an expanded 9,000 metre drill program targeting a high grade, north plunging shoot below the Akwaaba pit.
Results are listed in the attached table and include results from the first two holes previously reported on April 19, 2006. Note that the upper part of the intercept in Hole CHRC734 was not released earlier, adding a further 23 metres grading 4.07g/t and giving a total intercept width of 53 metres in the heart of the high grade shoot.



All results are for core with the exception of CHRC737 to CHRC739. True width of mineralisation is approximately 60% of the drilled width.

These results are also shown on the attached long section for Akwaaba which clearly demonstrates the potential for a high grade underground mining operation. Drilling is continuing with two drills on site. A preliminary resource calculation is expected in late August.

Commenting on the results, Richard Clark, President and CEO of the Company stated, "Drilling at Akwaaba continues to intersect significant grades and widths expanding the potential of the deposit. The ongoing program will define the margins of the high grade shoot and continue to explore the depth potential of the mineralisation.

The success at Akwaaba supports a complete re-examination of the potential of Chirano. This re-examination has commenced and drill programs have been planned for each of the deposits (11) that currently comprise Chirano. We are very optimistic about the success of this planned drilling given the new understanding gained from our recent work at Akwaaba."

The technical contents of this release have been reviewed by Hugh Stuart, BSc., MSc, a Qualified Person pursuant to NI-43-101. 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.

On behalf of the Board of Directors
Richard P. Clark, President
[ Forward looking statements notice omitted here. ]

Akwaaba Drill Results
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Hole ID From To Metres Au g/t
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CHRC733D(i) 269 279.2 10.20 7.54
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CHRC733D(i) 298 324 26.00 13.23
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CHRC734D(i) 390.89 393 2.11 18.21
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CHRC734D 397 420 23.00 4.07
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incl. 400.4 405 4.60 8.72
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CHRC734D(i) 420 433 13.00 64.95
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CHRC734D(i) 433 450 17.00 2.42
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CHRC735D 267 270 3.00 1.00
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CHRC736D 231 237 6.00 2.57
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CHRC737 No Significant Intercept
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CHRC738 41 44 3.00 1.12
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CHRC738 61 65 4.00 1.67
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CHRC739 37 42 5.00 1.75
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CHRC740D 65 68 3.00 13.95
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CHRC740D 74 79 5.00 2.32
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CHRC741D 270 292 22.00 6.78
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incl. 270 272 2.00 30.34
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CHRC742D 150 154.2 4.20 2.78
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CHRC742D 160 164 4.00 3.58
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CHRC742D 174 192 18.00 3.90
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CHRC743D 387 392.5 5.50 13.65
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CHRC743D 399.6 405 5.40 8.34
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CHRC743D 410 444.8 34.80 8.68
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CHRC744D 439.86 496 56.14 7.06
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incl. 457 467 10.00 14.97
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CHRC745D 411 423 12.00 6.50
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CHRC745D 450.5 479.9 29.40 5.46
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incl. 465 472 7.00 12.87
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CHRC746D 352 357 5.00 3.25
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CHRC746D 360 383 23.00 2.15
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CHRC747D 527 535 8.00 1.86
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CHRC747D 538 560 22.00 2.42
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(i)Previously reported


To view accompanying map, please click on the following link: http://www.ccnmatthews.com/docs/RBIMap0628.jpg
SOURCE: Red Back Mining Inc.
Red Back Mining Inc. Sophia Shane [phone] www.redbackmining.com Copyright (C) 2006 CCNMatthews. All rights reserved. End of Story.