Kansai representative meets Venezuelan President Chavez in Paris to discuss its diamond operations



    PAYSON, AZ, Dec. 2 /CNW/ - Kansai Mining Corporation (TSX Venture
Exchange: KAN) is pleased to announce that a Company representative met with
President Hugo Chavez of the Bolivarian Republic of Venezuela in Paris on
November 21, 2007. The meeting was held to discuss the Company's wholly owned
subsidiary in Venezuela, Compania Minera Adamantine C.A. and its future
operations.
    It was a very positive meeting and is to be followed up by a further
series of meetings in Caracas with the relevant ministries, and parastatal
organizations and Bolivar State authorities before Christmas. As soon as these
meetings are concluded, Kansai will put forward proposals to maintain its
input of technical expertise but largely spin off the Natal Diamond Project to
Venezuelan interests.
    Kansai, through its wholly-owned Venezuelan subsidiary, Compania Minera
Adamantine CA, holds two concessions in partnership with the Venezuelan state
mining organization Corporacion Venezolana de Guyana.
    Kansai has conducted some drilling and bulk sampling, and needs to do
more of the latter. "We have got 500-600 ct from about 15,000 t of material
taken. However, we need to take out more than 1,000 ct and up to 5,000 ct
before we know what that diamond population means," says Mr. Walsham. The
company already has a pilot production plant with a 50-70 t/h scrubber, a
10 t/h dense-media separation (DMS) plant and an X-ray recovery unit.
    For now, the next stage is more exploration and the Belmudez zone, in
particular, needs two long, ramped trenches, which Kansai has applied for
permission to cut. "Basically, we need to know if Belmudez is persistent to
depth and that's the next task," says Mr. Walsham. "If we can find grades of
0.15-0.2 ct/t - which is possible because we have some material that is over
0.3 c/t and a preliminary run-of-mine value of the order of US$60-70/ct - then
we can scope this out for a feasibility study, develop a mining plan and go
forward, but it's too early yet."

    This release has been compiled by Mr. Bruce Walsham as CEO of Kansai who
is a qualified person in terms of National Instrument 43-101.

    Kansai Mining Corporation is a mining and exploration company with
interests in Kenya and Venezuela trading on the TSX Venture Exchange under the
symbol KAN.

    The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this news release which has been prepared by
management.

    All statements, other than statements of historical fact, included
herein, including without limitation, statements regarding potential
mineralization and reserves, exploration results and future plans and
objectives of the Company are forward looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate, and accurate results and future events could differ
materially from those anticipated in such statements.

    "B.T. Walsham"
    --------------

    President and Chief Executive Officer





For further information:

For further information: 273 N. Coyote Way, P.O. Box 9, Payson, Arizona
85547-0009, TEL. (928) 474-9151, FAX (928) 474-8354, Web Site:
www.kansaimining.com, E-MAIL: crom@theriver.com; UK REPRESENTATIVE OFFICE,
Carrswood, Fortescue Road, Salcombe, Devon, TQS SAP, England, Tel 44 1548 843
844, Fax 44 1548 842 378, E-Mail: bandcwalsham@btclick.com

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