CGA ANNOUNCES PURCHASE OF SECURITIES OF RATEL GOLD LIMITED

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO US NEWS WIRE SERVICES

ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE AND TORONTO STOCK EXCHANGE

PERTH, Western Australia, Dec. 6 /CNW/ - CGA Mining Limited (TSX Code : CGA, ASX Code : CGX) ("CGA", the "Company") today announced that the Company acquired, through a wholly-owned subsidiary, beneficial ownership and control of 50,000,000 subscription receipts ("Subscription Receipts") of Ratel Gold Limited ("Ratel") at a price of C$0.30 per Subscription Receipt pursuant to a private placement, representing approximately 59.9% of the private placement and, upon exercise, approximately 19.5% of the outstanding common shares of Ratel. As a result of this transaction and upon exercise of the Subscription Receipts into common shares of Ratel and related transactions, CGA will beneficially hold 67,500,000 common shares in the capital of Ratel representing approximately 26.3% of the outstanding common shares of Ratel.

The Subscription Receipts were acquired by CGA for investment purposes.  For additional information concerning the forgoing or a copy of the early warning report of the Company, please contact the Company.

For further information:

ENQUIRIES