BAJA SIGNS BRIDGE LOAN FACILITY

Metals News - Baja Mining Corp. (the “Company”) is pleased to announce it has entered into a bridge loan facility (the “Facility”) with Endeavour Mining Capital Corp.(“Endeavour”) for an aggregate principal amount of up to US$10 million to finance the purchase of long-lead order equipment required for the development of the Boleo Project, Baja California Sur, Mexico. The Facility consists of a US$10 million non-revolving term facility that may be drawn down in four tranches of US$2.5 million on or before October 12, 2007. Funds borrowed will bear interest at a rate of 10% per annum. Any funds borrowed will be repaid from future financings. The Company paid a cash fee to Endeavour upon execution of the Facility. Endeavour will also be granted 1.5 million share purchase warrants entitling it to purchase an aggregate of 1.5 million common shares of the Company at an exercise price of $1.92 per common share for a period of one year from closing. The warrants will contain vesting provisions such that 375,000 warrants may be exercised for each US$2.5 million draw down made under the Facility. Unvested warrants may not be exercised, and will expire at the conclusion of their one year term. The issuance of the warrants is subject to the approval of the TSX. The Company has completed a Definitive Feasibility Study (DFS) on its 100% owned Boleo Property, Baja California Sur, Mexico. The Company is well advanced in construction financing, with the assistance of its financial advisors, Endeavour Financial International Corporation, and will be proceeding to break ground for construction of El Boleo copper/cobalt/zinc/manganese project later this year. ON BEHALF OF THE BOARD OF DIRECTORS OF BAJA MINING CORP. “John W. Greenslade” JOHN W. GREENSLADE, PRESIDENT For further information please contact John Greenslade, President, at (604) 685-2323