9 September 2008


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

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

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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