VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2008) - Brian
McEwen, President and CEO of Buffalo Gold Ltd. (TSX VENTURE:
BUF)(OTCBB: BYBUF)(FRANKFURT: B4K), wishes to inform its shareholders
that trading in Buffalo's shares was halted this morning as a result
of a cease trade order issued by the British Columbia Securities
Commission for failing to file Buffalo's audited financial statements
and management discussion and analysis for the fiscal year ended
December 31, 2007 within the time prescribed by National Instrument
51-102.
Buffalo's acquisitions during the last fiscal year, particularly the
Sargold merger and Buffalo's spin-off of its uranium assets into
Bondi Mining, significantly increased the complexity of the audit,
resulting in the delay of the completion of the audit. Buffalo's
management and auditors are working to complete the audit and Buffalo
expects to file its year end statements and management discussion and
analysis by May 23, 2008.
Mr. McEwen commented, "The cease trade order is in no way related to
the financial health of the Company and we are working to rectify the
situation as quickly as possible and apologize for any concerns this
has caused our shareholders."
To find out more about Buffalo Gold Ltd. (TSX VENTURE: BUF)(OTCBB:
BYBUF)(FRANKFURT: B4K), please visit the company website at
www.buffalogold.ca.
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.
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
