First Gold Pour at the Masbate Gold Project



    
    /NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO US NEWS
    WIRE SERVICES/

    Announcement to the Australian Securities Exchange and Toronto Stock
    Exchange
    

    PERTH, Western Australia, May 12 /CNW/ - CGA Mining Limited ("CGA", "the
Company") (ASX Code: CGX, TSX Code: CGA) on behalf of its project partners,
directors and employees, is pleased to announce the first gold pour at the
200,000 ounce per annum (forecast) Masbate Gold Project.
    This is a major milestone for the Company and Filminera Resources
Corporation ("FRC"), our dedicated staff and the people of the province of
Masbate, who have all contributed to the success of this project.
    The Boards of CGA, FRC and Phil. Gold Processing and Refining Corp. would
like to thank everyone involved in constructing and commissioning this plant,
achieved without any lost time injuries. First gold has been poured in just
over two years from initial investment, a significant achievement for the
mine.
    The US$250 million Masbate Gold Project represents the single largest
investment on Masbate Island and shows what can be achieved with co-operation,
goodwill and talented staff and contractors.

    To view a photo the First Gold Pour at the Masbate Gold Project, please
visit: http://files.newswire.ca/578/CGA_Mining.doc

    ABOUT CGA MINING LIMITED

    CGA is listed on the Toronto Stock Exchange and Australian Securities
Exchange. The Masbate Gold Project in the Philippines was successfully
constructed with first gold poured on 12 May 2009. The project has a total
indicated resource base of 4.55M ounces, total inferred resource base of 3.22M
ounces and a probable reserve of 3.03M ounces of gold. It is currently
forecast to produce over 200,000 ounces per annum.
    The 4Mt per annum plant was constructed by Leighton Contractors Asia
Limited ("Leighton") without one lost time injury. The mining contract for the
project has also been awarded to Leighton, the largest mining contractor in
the world. CGA is completing a scoping study for the expansion of the plant
throughput at Masbate.
    The Company is also currently undertaking a 10,000m drilling program at
Segilola, regarded as Nigeria's most advanced gold property.
    CGA has a disciplined acquisition program focused on acquiring new gold
projects with a substantial initial resource with the capacity to grow
materially and where the development and operational experience of CGA can be
applied to enhance shareholder value.

    NATIONAL INSTRUMENT 43-101 AND JORC COMPLIANCE

    Mr Geoff.G.Jones, F.Aus.I.M.M.CP Mng, CGA's Consulting Engineer, is
acting as the Qualified Person in compliance with NI 43-101 and JORC reporting
requirements with respect to this announcement. He has prepared and or
supervised the preparation of the scientific or technical information in this
announcement and confirms compliance with NI43-101 and JORC requirements.
    Further information relating to the Masbate Project is included in the
technical report entitled Technical Report on the Mineral Resources of the
Masbate Deposit, Masbate Province, Republic of the Philippines for CGA Mining
Limited prepared by Mining Associates Pty Ltd and available on SEDAR at
www.sedar.com, lodged 8 July 2008.
    Andrew James Vigar of Mining Associates Pty Ltd, a qualified person, has
verified the resource statement for the Masbate Project as disclosed in this
announcement, including sampling, analytical and test data underlying the
estimate. Verification of the data included numerous site visits, database
validation of historical drill results and review of sampling and assaying
protocols. The qualified person was satisfied with the verification process.
    A NI 43-101 compliant report has been lodged on www.sedar.com verifying
and supporting the reserve statement made for the Masbate Project. Mr Daniel
Tuffin of Lower Quartile Solution Pty Ltd, a qualified person, has verified
the reserve statement for the Masbate Project as disclosed in this
announcement, including sampling, analytical and test data underlying the
estimate. Verification of the data included database validation of historical
drill results and review of sampling and assaying protocols. The qualified
person was satisfied with the verification process.

    CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

    This announcement includes certain "forward-looking statements" within
the meaning of Canadian securities legislation. All statements, other than
statements of historical fact, included herein including, without limitation,
statements regarding anticipated dates for construction and production, and
other milestones related to the Masbate Gold Project and other projects;
estimates of capital and operating costs, recovery rates, production estimates
and estimated economic return; and CGA's future operating or financial
performance, are forward-looking statements. Information concerning mineral
reserve and resource estimates including statements regarding the conversion
of inferred resources to reserves also may be deemed to be forward-looking
statements in that it reflects a prediction of the mineralization that would
be encountered if a mineral deposit were developed and mined. Forward-looking
statements involve various risks and uncertainties and are based on certain
factors and assumptions. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from CGA's expectations
include uncertainties related to fluctuations in gold and other commodity
prices and currency exchange rates; uncertainties relating to interpretation
of drill results and the geology, continuity and grade of mineral deposits;
uncertainty of estimates of capital and operating costs, recovery rates,
production estimates and estimated economic return; the need for cooperation
of government agencies in the development of the Masbate Gold Project; the
need to obtain additional financing to develop the Masbate Gold Project; the
possibility of delay in development programs or in construction projects and
uncertainty of meeting anticipated program milestones for the Masbate Gold
Project; and other risks and uncertainties disclosed under the heading "Risk
Factors" in CGA's Annual Information Form for the year ended 30 June 2008
filed with the Canadian securities regulatory authorities on the SEDAR website
at www.sedar.com.




For further information:

For further information: ENQUIRIES: President & CEO - Michael Carrick,
Tel: +61 8 9263 4000, Fax: +61 8 9263 4020, Email: mcarrick@cgamining.com

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CGA Mining Limited

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