🕐28.04.11 - 04:54 Uhr

REPUBLIC GOLD [ASX: RAU] - BOLIVIAN GOVERNMENT MAKES ASSURANCES ON PRIVATE MINING INVESTMENT





Fortbridge Media Release

Republic Gold [ASX: RAU] - Bolivian Government makes assurances on private mining investment

Republic Gold Limited (ASX: RAU) today said they welcomed assurances made by the Bolivian government to silver producer Coeur D�Alene Corporation on private mining investment.

The Company�s flagship project is located in Bolivia - the Amayapampa Gold Project. Amayapampa is set to become Bolivia�s largest producing gold mine with total JORC Reserves of 787,300 ounces of gold from JORC Resources of over 1,280,000 ounces of gold.

Earlier this month there were media reports from Bolivia suggesting that some privately operated mines, those previously owned by the public sector, would be returned to the state.

However, a statement issued by one of Bolivia�s major silver producers, Coeur D�Alene Corporation and reported in the media this week, confirms the Bolivian government�s commitment to the role of private sector investment.

Coeur D�Alene says that it has met with Bolivian Mining Minister Jose Pimentel and has received assurances that its San Bartolome mine will not be nationalized.

The Company�s Executive Chairman Peter Wicks said that the assurances received by Coeur D�Alene are welcome and will assist the Company in its efforts to develop Amayapampa.

�Whilst previous and more recent hints from Bolivian government officials about nationalisation of mines did not impact directly on Amayapampa because it has not been in government hands in the past, nevertheless such signals can be a negative for investors. It is for this reason we welcome Minister Pimentel�s confirmation that there is a role for the private sector in the Bolivian mining industry,� Mr Wicks said.

For further information, please contact:

Peter Wicks
Executive Chairman
Republic Gold Limited
P: +61 2 8249 4700

Media and Investor Relations:
Fortbridge Consulting
P: +61 2 9331 0655
Luke Dean
M: +61 414 535 433
E:
Bill Kemmery
M: +61 400 122 449
E:




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