VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 10/29/07 -- Buffalo
Gold Ltd. (TSX VENTURE: BUF)(OTCBB: BYBUF)(FRANKFURT: B4K)
("Buffalo") and Sargold Resource Corporation (TSX VENTURE:
SRG)(FRANKFURT: DU4) ("Sargold") are pleased to announce that they
have received all approvals to complete the merger with Sargold
Resource Corporation, as announced on July 13th, 2007.

The Sargold shareholders voted 99.8%in favour of the merger on
October 25th, and approval from the TSX Venture Exchange was received
on October 26th. Final approval from the Supreme Court of British
Columbia was received this morning.

Since its reactivation in late 2005, Buffalo has been pursuing an
aggressive strategy of building value through the acquisition of
properties and companies with significant growth potential, with a
focus on assets that will provide gold production. The acquisition of
Sargold represents the next step in the continuing growth of the
company, moving Buffalo from pure explorer towards junior gold
producer.

"We are pleased to see this merger completed as we believe that the
Sardinian assets add considerable value to Buffalo," remarked Buffalo
President and CEO Brian McEwen. "We look forward to ramping up the
Furtei mining operation and exploring for new resources at all of the
properties."

The flagship Sardinian asset is the Furtei mine project. The project
includes a number of potential open pit and underground mines, a
processing plant (1,000 tonne-per-day), multiple exploration targets
and a fully permitted mining concession including future tailings
disposal.

The Furtei processing plant was built in 1995-1996, and has a maximum
annual capacity of 400,000 tonnes of ore. The Furtei mine produced
135,000 ounces of gold between 1996 and 2002 from oxide resource,
after which the processing plant was converted from an oxide heap
leach to a sulphide flotation plant.

The Furtei plant was re-commissioned for a marginal cost in the
fourth quarter of 2006. The first new gold bar was poured in March
2007 to launch a near-term production plan based on processing the
upgraded ore from the residual heap leach pad at the site. While the
current production is relatively small-scale, based on metallurgical
test work, internal studies and results to date the mine plan is now
targeting to commence annual production of 15,000 -- 20,000 ounces of
gold from the Sa Perrima gold zone within the next 3 months. The plan
then includes ramping up production from the Su Coru underground
zone, which is a gold-copper hosted mineralization, to produce
between 60,000 -- 70,000 ounces of gold equivalent in its second
year, before levelling off to approximately 50,000 ounces of gold
equivalent per year for a minimum of five years.

In addition to the known mineralized zones at Furtei, there are a
series of high priority gold exploration targets within the mine
area, as well as at the Monte Ollasteddue and Osilo properties.

(Note: A feasibility study has not been completed on the Furtei
project and there is no certainty that the projected production rates
will be achieved, or that the proposed operations will be
economically viable.)

Sargold will be amalgamated with a wholly-owned subsidiary of
Buffalo, and shareholders of Sargold will receive 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 which they hold immediately prior to the date of the
effective date of the Transaction, expected to be October 30, 2007.
Following completion of the Transaction, Sargold shareholders will
hold an approximate 25% equity ownership in the merged company.

According to the plan of arrangement approved by the Board of Buffalo
Gold on October 25th, there are approximately 75,600,000 common
shares of Sargold to be converted to Buffalo Gold shares. Buffalo
will therefore issue approximately 22 million common shares to the
Sargold shareholders. An aggregate of 67,435,643 Buffalo common
shares are issued and outstanding as at the date of this news
release.

To find out more about Buffalo Gold Ltd. please visit the company
website at www.buffalogold.ca.

Brian McEwen is the Qualified Person for Buffalo and has read and
approved the contents of this news release.

On behalf of the Board of Directors of BUFFALO GOLD LTD.

Brian R. McEwen, President and Chief Executive Officer

Cautionary Note to U.S. Investors - The United States Securities and
Exchange Commission ("SEC") permits mining companies in filings with
the SEC to disclose only those mineral deposits that a company can
economically and legally extract or produce. The Company uses certain
terms in this news release, such as "indicated resource", that the
SEC guidelines strictly prohibit from including in filings with the
SEC. U.S. investors are urged to consider closely the disclosure
contained in the Company's Form 20-F Registration Statement, File No.
000- 30150. The Company's filings are available on the SEC's website
at http://www.sec.gov/edgar.shtml.


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