LOWELL, Mass. and PHNOM PENH, Cambodia, April 17, 2005 (PRIMEZONE) -- Cambodian Ventures Limited (Pink Sheets:CMBV), a junior mining company focused on exploration and mining of precious minerals in Cambodia, discussed the potential for economically viable precious mineralization deposits in Cambodia. Gary Fineberg, CEO of Cambodian Ventures Limited stated today: "There has been a lot of discussion on why anybody would choose to start a company in Cambodia to focus on exploration and mining of precious minerals. The answer is simple: tremendous ground floor opportunity." Gary outlined the following eleven reasons why Cambodian Ventures is focused on exploring for precious mineralization in Cambodia.
1. Based on work by the French, most geologists agree that there is
great potential for abundant mineral resources.
2. There have been significant gold exploitation in Thailand and
Vietnam, both of which have similar geological characteristics to
Cambodia.
3. Widespread high-grade mineralization has been anecdotally observed
in the country indicating there are possibly considerable amounts
of precious and other types of metals.
4. According to the Cambodian Ministry of Industry, Mines, and Energy
there are 19 known gold deposits in the country which have had
limited exploitation.
5. Mining in Cambodia is small-scale by international standards.
6. Mineral exploration using modern geological techniques has been
limited in Cambodia, presenting interesting opportunities for
junior mining companies using state-of-the-art exploration
technology.
7. Cambodia has not been developed for large-scale precious metal
extraction because of internal conflict and war for the last forty
years.
8. Cambodia's evolution from a fragmented society towards a stable
regime, friendly to foreign investment, has not yet paid dividends
in the form of a rush of potential mineral investors.
9. Cambodia's government regulations and licenses for mining are the
most favorable in the region. Cambodian government allows 100%
ownership by foreign investors and takes only 3% of sales amount
for royalties.
10. Cambodian Ventures management has significant experience in
mining and exploration in Cambodia, having spent three years with
another mining and exploration company focused exclusively in
Cambodia.
11. Cambodian Ventures intends to be at the forefront of exploration
and development in Cambodia. We intend to capitalize on these
underdeveloped mineral deposits thereby producing extraordinary
returns for investors.
Cambodian Ventures Limited's mission is to obtain licenses for the exploration and mining of precious minerals in Cambodia. Cambodian Ventures intends to carry out exploration activities in regions containing gold and other precious minerals.
Safe Harbor Statement: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.