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CGA Mining Limited

12:00 PM EST - CGA Mining Limited : provided an update on the progress of the repair to the SAG Mill. As outlined in the September quarter, Management Discussion & Analysis, the SAG Mill was expected to be brought back on line in the December quarter. Non-Destructive Testing ("NDT") undertaken subsequently identified some anomalies/irregularities that required further investigation. Following consultations with the weld specialists and experts managing the process, the decision was made to grind out the inclusions and irregularities. The re-welding is currently approximately 90% complete and is scheduled for completion within the next two weeks. Given a successful final NDT program, the mechanical work required to complete the re-commissioning, which includes the realignment and relining of the SAG mill and removal of the current by-pass circuit, will be undertaken. CGA Mining Limited shares T.CGA are trading up $0.04 at $2.30.