leases will come through n the next few months

ACCORDING TO THE NEWS REPORT / INTERVIEW DATED TODAY (SEE BELOW) KINGSGATE IS EXPECTING THE ADDITIONAL LEASES TO COME THROUGH NOT ANY TIME SOON BUT...IN THE NEXT FEW MONTHS

http://www.primenewswire.com/newsroom/news.html?d=139653

Mineral Wealth: Wall Street Reporter Talks to Kingsgate Consolidated Ltd., Copper Fox Metals Inc. and Fortune Metals Ltd.

NEW YORK, April 7, 2008 (PRIME NEWSWIRE) -- Wall Street Reporter has posted exclusive video interviews introducing investors to opportunities in gold, coal, copper, bismuth, molybdenum, and other headline commodities emerging from companies like Kingsgate Consolidated Ltd. (ASX:KCN), Copper Fox Metals Inc. (TSX-V:CUU), and Fortune Minerals Ltd. (TSX:FT).


Investors can watch or download the interviews, along with a rich library of additional content recorded in Toronto at the 2008 Prospectors & Developers Association of Canada convention, at www.WallStreetReporter.com.

With 6-1/2 years of producing gold in Thailand under its belt, Kingsgate Consolidated Ltd. (ASX:KCN) has validated its strategy of "setting ourselves up as Asia's showcase mine" and is now actively pursuing additional leases to expand the operation, says Stephen Promnitz, the company's corporate development manager.

Highlights of the interview:

-- The likelihood that the additional leases will come through in the next few months.

-- Details on the company's plans to take its average mining grade up to around 2 grams of gold per ton while doubling production to a level of about 300,000 ounces of gold and 2 million ounces of silver a year.

-- Chairman Ross Smyth-Kirk's outlook on Thailand's new government as being especially friendly toward mining interests.