CGA Mining - Announcement to the Australian Securities Exchange and Toronto Stock Exchange



    MASBATE GOLD PROJECT

    BOARD OF INVESTMENTS APPROVAL RECEIVED MINIMUM 6 YEAR INCOME TAX HOLIDAY

    PERTH, Western Australia, Jan. 15 /CNW/ - The Boards of CGA Mining
Limited ("CGA") (ASX:CGX, TSX:CGA) and Phil Gold Refining and Processing
Corporation ("PGPRC"), the wholly owned entity which will process and sell the
gold from the Masbate Gold Project in the Philippines, have received approval
from the Board of Investments in the Philippines confirming the status as a
New Producer of Gold and Silver Dore on a Non-Pioneer basis with Pioneer
incentives, being located in an area which qualifies as Less Developed.
    Amongst other benefits, this provides a minimum 6 year income tax holiday
from the commencement of operations, currently estimated to be in the first
quarter of 2009, with potential to extend by a further 2 years to a total
income tax holiday of 8 years.

    %SEDAR: 00021775E




For further information:

For further information: Enquiries: Australian Contact, President & CEO
- Michael Carrick, Tel: +61 8 9263 4000, Fax: +61 8 9263 4020, Email:
mcarrick@cgamining.com; US Contact, Chairman - Mark Savage, Tel: (505)
344-2822, Fax: (505) 344-2922, Email: marksavage@comcast.net

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CGA Mining Limited

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