EXPLORATION OPERATIONS UPDATESub-Sahara Resources (“the...

EXPLORATION OPERATIONS UPDATE
Sub-Sahara Resources (“the Company”; ASX: SBS) provides the market with an end of year update on
the Company’s exploration activities in Eritrea and Tanzania, east Africa.
Eritrea
Sub Sahara has earned a 69% equity in the Zara gold Joint Venture which covers an area of 196km2 and
is situated in northern Eritrea, approximately 160km northwest of the capital city of Asmara. As operator
of the project, Sub Sahara has completed over 11,000metres of diamond drilling at the Koka target, with
very encouraging results the most recent being reported to market on 28 November 2007.
In May 2007, the Company announced an Inferred resource at the Koka Gold deposit of 760,000 ozs gold
from 7million tonnes of ore, grading 3.4g/t gold, and the recently completed drilling has extended the
known mineralization to the south by a further 75 metres
In addition, the initial metallurgical test work indicated a +95% recovery of gold after 24 hours
gravity/cyanidation with manageable minor acid mine drainage. Petrographic studies also confirmed the
uncomplicated nature of the ore.
Drilling activity has been put on hold until the end of January so as to allow a timely review of the work
completed to date. Efforts to complete the updated Koka resource estimate up-grade have also been
delayed and the Company now expects to complete the process by the end of February 2008.
The recently announced granting of the first Mining Lease in Eritrea to Canadian listed Nevsun Resources
is considered a very strong endorsement of the industry and this should lead to a streamlined approach
for other potential miners in the country.
Tanzania
Sub Sahara continues to pursue exploration opportunities with the Mwamazengo Prospect (Mabale Hills
Project) in Tanzania Africa, which forms part of the Lake Victoria Joint Venture with Canadian-listed Currie
Rose Resources Inc (TSX-V: CUI) returning significant results during the year.
Drilling of the original targets identified has been completed and all assay results have been returned, with
a number of new significant coincident geochemical and geophysical anomalies generated during the
years activities.
Sub Sahara’s 49% interest in the Nyanzaga Project with Barrick East Africa Limited which holds
approximately 4.5 million ounces. The Company has spent a total of US$13.3 million on the project which
continues to return good results. Drilling activities are currently in intermission and will recommence in
early January 2008.