Letter of Intent signed to gain royalties in major

							CNQ Exchange: CICM.U                                                                            Frankfurt FSE: 31C




               Letter of Intent signed to gain royalties in major oil/gas
                          production company in PR China


FOR IMMEDIATE RELEASE: 25 March 2008, BEIJING: Mr. Stuart J. Bromley, Director
of CIC Mining Resources Limited (“CICM”), is pleased to announce that CICM has entered into
a Letter of Intent with Beijing Hongyuanda Energy Group (“Beijing Hongyuanda”). Pursuant to
the Letter of Intent, CICM will advise and assist Beijing Hongyuanda in raising capital to fund
increased oil and gas production and provide technical development expertise, in return for a
three percent (3%) Over Riding Royalty (“ORR”) in the Zhongwabei oil concessions and the
Nong Anbei Gaodian natural gas concessions. Both concessions are located in the northern area
of the China Xinmin oil fields in Jilin Province

PetroChina, which is one of the world’s leading petroleum companies, subleased the 7.3 km2 oil
block to Beijing Hongyuanda in 2004 and, to date, there are 58 producing wells with a further 65
wells planned in the next 18 months for this concession. Initial production is currently 1050
barrels per day (“BOPD”). Current well production volumes will substantially increase as the oil
basin pressurization program is completed.

The Nong Anbei Gaodian natural gas block has 14 producing wells and a gas-collection station.
In November 2007, a second gas-collection station was completed to support the planned
development of an additional 16 new wells. Current gas production is 270,000 m3 per day.
PetroChina receives a royalty on the oil produced from the Zhongwabei oil block, but does not
receive a royalty on the natural gas block production.

Stuart J. Bromley Chairman of CICM comments:
“Over the past 12 months, CICM has been working to build a royalty portfolio that includes both
mineral and energy royalties. The signing of this LOI completes Phase One of an excellent
royalty portfolio that will establish the company as one of the premier resource royalty
companies in Asia based on proven strategies of Franco Nevada, Royal Gold and International
Royalties.”



About CIC Mining Resources Limited
CICM is an investment and royalty company within the natural resource and energy sectors.
While our primary strategy is to acquire royalty and non-operating interest in attractive
producing projects, we will also be investing in base metals, iron ore and strategic mineral

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          Tel. (86 10) 8519 2506 Fax. (86 10) 8519 2505 Email. bromley@cicresources.com | www.cicresources.com
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processing facilities. To date, CICM has secured interests in several fully licensed and permitted
mines and mineral processing facilities, through agreements with gold, tungsten, coal and iron
ore producers.

The accumulation of these valuable royalty interests is indicative of CICM’s ability to build
strong relationships with a growing number of China’s key resource entrepreneurs.

For further information please contact the Company, Stuart J. Bromley at (86) 136 0113 1912 in
Beijing, PR China.


On Behalf of the Board of Directors
CIC MINING RESOURCES LIMITED.

Stuart J. Bromley
Chairman / President
bromley@cicresources.com




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