Nasstar Announcements

Acqn of Kazakhstan Gold Properties (Replacement)

04 December 2009 16:46:00


RNS Number : 6410D Natasa Mining Limited
04 December 2009
?

The 'Acquisition
of Kazakhstan Gold Properties' announcement released on 4th December 2009 at 16:31
under RNS No 6396D, should have been issued under the Company name of Natasa Mining
Ltd and not under the Company name of Nasstar PLC.
The announcement
text is unchanged and is reproduced in full below.


NATASA MINING LTD
('the Company')

Acquisition of Kazakhstan Gold Properties

Natasa Mining Ltd (Natasa or the Company),through
a wholly-owned subsidiary has entered an agreement which will entitle it to acquire
an 85% interest in Vostok Mining LLP, a Kazakh limited liability corporation which
owns the rights to two gold exploration project contract areas in central-eastern
Kazakhstan.

Based on preliminary due diligence undertaken
to date, the Company believes the contract areas have the potential for a high tonnage,
low grade resource but further exploration and metallurgical studies will be required
to quantify the resource potential. Mining operations have been carried out in the
past but are presently suspended.

The agreement is subject to due diligence to be
carried out by Natasa and a Completion Date, if Natasa elects to Complete, to be
no later than 30 March 2010.

If Completion occurs, the cost of the acquisition
will be US$1.4 million and a further commitment to loan the project up to US$5 million
to advance the project to feasibility. In addition, during the period to Completion,
the Company may, at its discretion, advance funds to the project to meet operating
and capital requirements. The cost of acquisition will be reduced to the extent of
any such amounts advanced.

The above funds will be met out of the Company's
existing cash resources.

In accordance with the AIM Rules, there are no
profits attributable to the assets to be acquired and the moneys outlaid will have
no material effect on the Company or its operations.

Enquires to:

Chrisilios Kyriakou, Chief Executive Officer
Natasa Mining Limited
Telephone: 020 7514 1480

James Joyce / David
Porter
WH Ireland Limited
Telephone: 020 7220 1666



This information is provided by RNSThe company news service from the London Stock Exchange
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