OAKVILLE, ONTARIO -- (MARKET WIRE) -- 05/30/07 -- St Andrew Goldfields Ltd (TSX: SAS) ("St Andrew") announced today that it plans to restructure the Company's operations at Timmins to focus on the development of Holloway-Holt Gold Mine and to engage contractors for both its Timmins and Nixon Fork operations.

Timmins Restructuring

Over the past three months the Company has carried out a review of the performance of its Timmins operations with a view to maximizing their potential.

As a result of the exploration and development program underway at the Holloway-Holt Gold Mine, the larger capacity of the Holt Gold Mill, the competitive labour market in the Timmins Mining Camp, and the difficulties in sourcing equipment and materials for its Timmins operations, the Company has decided to focus its efforts in the near term on the development of the Holloway-Holt Gold Mine. This restructuring will include a temporary suspension of operations at the Stock Gold Complex including the Clavos Project and the Stock Gold Mill.

The Company is continuing the Taylor Advanced Exploration Project and Hislop Project.

Mining and Metallurgical Contractors

In order to address the competitive labour market, the sourcing of equipment and materials and to ensure that the Company's performance targets at both the Holloway-Holt Gold Mine and Nixon Fork will be achieved, the Company plans to engage mining and metallurgical contractors. At Timmins these contractors will undertake the development of, and following a production decision, the mining operations at the Holloway-Holt Gold Mine and the operation of the Holt Gold Mill. A mining contractor is also being engaged for the mining operations at the Nixon Fork Gold Mine in Alaska.

Production Decision

It was previously announced that a production decision with respect to the Holloway-Holt Gold Mine was to be made in June 2007, but is now anticipated to be made in the third quarter of 2007, after receipt of an independent 43-101 Technical Report on the Holloway-Holt Gold Mine.

Exploration

The Company plans to increase the level of activity of its exploration programs at the Holloway-Holt Gold Mine, Central Timmins (including Hislop, Taylor, Clavos and Aquarius areas), the grassroots East Timmins-Golden Reward Project and the Nixon Fork Gold Mine.

About St Andrew Goldfields Ltd.

St Andrew is a gold mining and exploration company with operations in Timmins, Ontario and at its Nixon Fork Gold mine in Alaska. St Andrew anticipates making a gold production decision with respect to its Holloway-Holt Gold Mine in the Timmins Mining Camp in the third quarter of 2007. St Andrew controls a very large land position in the Timmins Mining Camp, an extensive land position at Eskay Creek in northern British Columbia and land positions around Nixon Fork in the Kuskokwim-Tintina Mining Camp in Alaska. St Andrew also holds an approximate 50.2 % equity interest in New Zealand based gold explorer, Glass Earth Limited (TSX VENTURE: GEL) and an approximate 12.6 % equity interest in Apollo Gold Corporation.

For further information about St Andrew Goldfields Ltd., please visit St Andrew's website at www.standrewgoldfields.com or contact Investor Relations toll-free at 1-800-463-5139 or email investor@standrewgoldfields.com

FORWARD LOOKING STATEMENTS

The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary material include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. St Andrew does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities law.

Contacts:
St Andrew Goldfields Ltd.
Don Shaxon
Investor Relations Manager
(905) 815-9855
(905) 815-9437 (FAX)
Email: dshaxon@standrewgolfields.com

St Andrew Goldfields Ltd.
Glenn Laing
President and CEO
(905) 815-9855
(905) 815-9437 (FAX)
Email: glaing@standrewgoldfields.com

St Andrew Goldfields Ltd.
Ben Au
CFO and VP Finance & Administration
(905) 815-9855
(905) 815-9437 (FAX)
Email: bau@standrewgoldfields.com

• The Rise and Rise of E-Commerce