An internal scoping study conducted by independent consultants of BDI Mining Corp"s 100%-owned Woodlark Island Gold Project in Papua New Guinea has demonstrated the feasibility of an 80,000 ounce per year open pit mining operation with an initial mine life of four to five years.

The average cash costs have been estimated at US$300/ounce, with an average open pit grade of approximately 3 grams per tonne. Inclusive of all contingencies, it is estimated that capital costs would be in the region of US$45 million.

Other positive features of the project include more than 80% of contained gold is free milling; there is excellent existing infrastructure for comparable projects in Papua New Guinea; open pit strip ratios average 6:1 and there is free-digging ore at Kulumadau to a depth of 90 metres.

BDI Mining Corp is confident that the initial five-year mine life will be extended through further exploration of several identified, but as yet untested, drill targets over many areas within the company's existing tenements on the island.

Based on the positive outcome of the scoping study, BDI Mining Corp is currently evaluating the start of a full feasibility study as the next stage in the continued development of the Woodlark Island Gold Project.

Company management is in discussion with a number of parties regarding the funding of the feasibility study and anticipates proceeding with the next phase of the project by the end of the year.

BDI Mining Corp is an Asia-Pacific focused mining and exploration company whose primary assets are the Cempaka Diamond Mine in Indonesia, and the 100%-owned, Woodlark Island gold project in Papua New Guinea.