15 JANUARY 2008MASBATE GOLD PROJECTBOARD OF INVESTMENTS APPROVAL...

15 JANUARY 2008
MASBATE GOLD PROJECT
BOARD OF INVESTMENTS APPROVAL RECEIVED
MINIMUM 6 YEAR INCOME TAX HOLIDAY
The Boards of CGA Mining Limited (“CGA”) (ASX:CGX, TSX:CGA) and Phil Gold Refining and Processing
Corporation (“PGPRC”), the wholly owned entity which will process and sell the gold from the Masbate Gold
Project in the Philippines, have received approval from the Board of Investments in the Philippines
confirming the status as a New Producer of Gold and Silver Dore on a Non-Pioneer basis with Pioneer
incentives, being located in an area which qualifies as Less Developed.
Amongst other benefits, this provides a minimum 6 year income tax holiday from the commencement of
operations, currently estimated to be in the first quarter of 2009, with potential to extend by a further 2 years
to a total income tax holiday of 8 years.