9 September 2008 KAZAKHSTAN GOVERNMENT GRANTS COMMERCIAL DISCOVERY STATUS TO THREE COMPANY PROSPECTS Key points • Altyntas, Kepken and Kengir prospects approved as Commercial Discovery Prospects by Kazakhstan Government • 20 year mining licenses secured for all three sites • Commercial Discovery is permission to proceed with development and production on the company’s existing licenses • Four diamond drill rigs now focused on extension drilling and raising Resource status. Australian resources company Central Asia Resources Limited (“Central Asia” or “the Company” ASX:CVR) has reached a crucial milestone as it moves from explorer to producer, with the Kazakhstan Government approving three of its prospects as Commercial Discoveries. The Kazakhstan Government has acknowledged that Altyntas, Kepken and Kengir prospects are of commercial significance and have issued Commercial Discovery status and Mining Licences to Altyn-Tas LLP which is 95% held by Central Asia Resources. The Company’s Managing Director, Jason Stirbinskis said “This marks an extremely significant milestone in the Company’s evolution as it essentially transitions the Company from an explorer to a miner under Kazakh law. This step also removes a significant company risk as the prospect areas are now secured for an additional 20 years and possibly longer”. In addition to Altyntas, Kepken and Kengir, a fourth prospect – Uenke Bulak was awarded Commercial Discovery status in January 2008. Mr Stirbinskis added “The Company’s progress is meeting its three year plan and recent major milestones include - • Announcing a first wave of Resource statements in March/April 2008 • Raising $14M between April and June 2008 to fund an 18 month program • Securing 100% ownership of Golden Eagle Investment Resource Limited • Signing a 20,000m diamond drilling contract • Commencing detailed metallurgical work on all four prospects. • Commencing geophysics to explore potential copper mineralisation underlying the Kengir Gold prospect. The Company currently has four diamond rigs working the prospects. Two rigs making great progress at Altyntas performing both infill and extension drilling and the other two defining high grade mineralisation at Uenke Bulak. We are particularly excited about the Altyntas prospect as it continues to produce strong and occasionally spectacular results such as 43.6m at 19.3g/t from 6.9m including 16.4m at 49.6g/t from 6.9m, including 4.3m at 141g/t from 10.7m in DDH 1089, announced in late May 2008”. For further information contact: Jason Stirbinskis Allan Francis Managing Director Professional Public Relations Central Asia Resources Limited Tel: 61 8 9388 0944 Phone: 61 8 9486 4788 The information in this report that relates to Exploration Results is based on information compiled by Dr Waldemar Mueller who is a full time employee and director of Central Asia Resources Limited. Dr Mueller is a Member of The Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Mueller consents to the inclusion in the report of the matters based on information in the form and context in which it appears. Statements regarding Central Asia Resources’ plans with respect to its mineral properties are forward-looking statements. There can be no assurance that Central Asia Resources’ plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that Central Asia Resources’ will be able to confirm the presence of additional mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of Central Asia Resources’ mineral properties Background – Central Asia Resources Limited Central Asia holds a 95% interest in Alytn-Tas LLP which holds the Altyntas, Kepken and Kengir prospects; and a 60% interest in Buguty-Palm LLP which holds the Uenke Bulak Prospect. All prospects are located in the Republic of Kazakhstan and were the subject of exploration by Soviet workers from the 1960s to the mid-1990s. Since the mid 1990s Moonstone and Palmerston, the previous owners whose interests have been acquired by Central Asia Resources, had completed several diamond drilling programs and regional geochemical exploration and mapping programs in the region. The Company’s activity has focused on four prospective sites within a larger exploration area – Altyntas, Kepken, Kengir and Uenke Bulak. Since commencing the program, the Company has completed more than 16,000m of RC and diamond drilling. The company’s project areas are close to Almaty, the largest city in Kazakhstan and has well established road, rail and telecommunications infrastructure. In July 2006 Central Asia commenced a two-year exploration program to validate historical geological data and generate resources. In April 2008 the company announced Resource Estimates for Altyntas, Kepken, Kengir and Uenke Bulak. The Company remains focused on resource definition and prospect evaluation.
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