CGA Mining Limited - Announcement to the Australian Securities Exchange and Toronto Stock Exchange - Credit approval for project finance for Masbate Gold Project

    VANCOUVER, Sept. 10 /CNW/ - The Board of CGA Mining Limited ("CGA")
(ASX:CGX, TSX:CGA) is pleased to announce that it has secured preliminary
credit approval subject to documentation and completion of detailed due
diligence for a US$65m project finance facility for development of the Masbate
Gold Project in the Philippines from BNP Paribas. The Project Finance Facility
documentation is underway and the execution and drawdown on the facility is
subject to standard project financing terms and conditions, including
completion of all conditions precedent, typical for a project of this nature.

    BNP Paribas is one of the world's largest financial groups with 150,000
employees, operating in 85 countries. BNP Paribas was rated as the No.1 bank
in the Euro-zone in terms of net income and No.2 in terms of market
capitalisation. It has a Standard & Poor's rating (10 July 2007) of AA+.

For further information:

For further information: Australian Contact: President & CEO - Michael
Carrick, Tel: +61 8 9263 4000, Fax: +61 8 9263 4020, Email:; US Contact: Chairman - Mark Savage, Tel: (505)
344-2822, Fax: (505) 344-2922, Email:

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CGA Mining Limited

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