CGA Mining Limited reported unaudited consolidated earnings results for the first quarter ended September 30, 2009. For the quarter, the company reported profit from continuing operations before income tax expense and profit after income tax benefit of $3,666,440 or 1.51 cents per diluted share on revenue from continuing operations of $29,507,619 compared to profit from continuing operations before income tax expense and profit after income tax benefit of $493,630 or 0.24 cents per diluted share on revenue from continuing operations of $567,334 for the same period a year ago. Net cash inflow from operating activities was $2,823,545 compared to net cash outflow from operating activities of $5,389,640 reported a year ago. The company reported payments for property, plant and equipment of $1,862,663 compared to $58,331,936 reported a year ago.

CGA Mining Limited announced the appointment of an additional Non Executive Independent Director, Mr. David Cruse, to replace the position previously vacated by Mr. Paul Maxwell. Mr. Cruse is well placed to contribute to the CGA Board as rather uniquely he has both extensive experience in the mining industry in the Philippines and also equity capital markets experience having held senior management positions in a number of leading broking and investment houses including HSBC and Citigroup.

CGA Mining Limited reported consolidated operational results for the quarter ended September 30, 2009. For the quarter, the company reported net cash flows from operating activities of $1.66 million. Total movement for the quarter of 1,505,865bcm contributed 764,665 tonnes of high grade ore and 386,523 tonnes of low grade ore from Libra West, Libra East, HMB East and HMB West. During the period Libra East and HMB West starter pits were completed as planned. Additional starter pits at Main Vein and Montana were opened up for production focus in the December quarter in line with the plan to open a series of smaller starter pits to minimise near term strip ratios. Mill throughput of 839,503 tonnes produced 29,751 oz of gold and 15,898 oz of silver from an ore blend consisting mostly of softer oxide and transitional ore types. Metallurgical recovery increased during the quarter from 76% to 82.1%. The drilling programme was completed early in the quarter. During the quarter 1,188.4 metres were drilled in 9 drill holes by the Turkish drilling contractor, Spektra Jeotek Sanayi Ve Ticaret A.S., bringing the total metreage for the entire Spektra programme to 11,989.5 metres in 119 drill holes using diamond coring.