TIDMCAML

RNS Number : 5126S

Central Asia Metals PLC

03 December 2012

3 December 2012

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Termination of exclusivity period with Mongolian Resource Corporation

Further to the announcement on 11 September 2012, Central Asia Metals plc (AIM:CAML) announces that it has now ended the exclusivity period with Mongolian Resource Corporation ("MUB") for the sale of two of the Company's Mongolian projects, Ereen and Handgait.

Discussions remain ongoing between CAML and MUB over the sale but MUB has been unable to raise the funding required at this stage.

CAML will continue the sale process with other interested third parties and has maintained the services of Cutfield Freeman & Co. to advise.

Enquiries:

   Central Asia Metals plc                     Nick Clarke                  +44 (0) 20 7898 9001

Nigel Robinson

   Canaccord Genuity Limited              Andrew Chubb             +44 (0)20 7253 8500

Rob Collins

   Mirabaud Securities LLP                   Peter Krens                  +44 (0)20 7878 3362 
   Pelham Bell Pottinger                       Charles Vivian             +44 (0)20 7861 3232

Lorna Spears

This information is provided by RNS

The company news service from the London Stock Exchange

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