The Board of CGA Mining Limited (Nachrichten) (previously named Central Asia Gold Limited) (”CGA”, the “Company”) has entered into a Sale and Purchase Agreement (”SPA”) with Thistle Mining Inc. (THT:AIM) (”Thistle”) to acquire 100% of its interest in the Masbate Gold Project in the Philippines.

Project Highlights include: - Contained gold resource of 3.305 million ounces of indicated resources and 1.766 million ounces of inferred resources (Cut-off 0.7g/t) - Probable mining reserve of 1.98 million ounces (Cut-off 0.7g/t) - At a cut-off of 1.0 g/t - resource grade is 2.03 g/t - Open-pit mining - Ore throughput of 4 million tonnes per year - Capex US$92.8 million (May 2006 BFS est) - 12 - 15 months construction period - All key permits with Environmental Clearance Certificate - Re-engineering and optimisation study to be completed in 3 months - Production target of CGA post optimisation of in excess of 200 000 ounces per annum.

The Masbate Project is an extensively studied, advanced stage development project with 55,686m of reverse circulation drilling and 58,757m of diamond drilling.

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