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Sargold Resource merges with Buffalo Gold

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Sargold Resource

On October 30, 2007, Sargold Resource Corporation and Buffalo Gold Ltd. completed their previously announced merger. Sargold amalgamated with a wholly-owned subsidiary of Buffalo, and securityholders of Sargold received one common share, common share purchase warrant or option of Buffalo in exchange for each 3.5 Sargold common shares, common share purchase warrants or options held immediately prior to the effective date of the transaction, October 30, 2007. Sargold shareholders now hold an approximate 25% equity ownership in the merged company. Sargold's common shares were delisted from the TSX Venture Exchange in conjunction with the closing of the transaction. Sargold was advised in this transaction by a team from Fasken Martineau that included Georald Ingborg, Josh Lewis, Deepak Gill and Mark Pontin.



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