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China NetTV Holdings Inc. Acquires Further 13 Properties Through Option Agreements for Exploration to Increase the Total to 38; Rights to Additional Properties in China.


VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography
 -- Under an Agreement effective as of November 2004, with Honglu Investment Holdings Inc. ("Honglu"), China NetTV Holdings Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CTVH) acquired interests in 25 mineral properties located in Tibet, China. The Xietongmen property is being further explored / developed in a joint venture agreement with Continental Minerals Corporation (A Hunter Dickinson Inc. group companies). Honglu owns 65% direct or indirect rights or options to, or interests in these properties. (A 100% interest is held in four of the properties). China NetTV Holdings Inc. has acquired the interests collectively known as Additional Rights by agreeing with the Honglu Shareholders to meet certain annual land payments and exploration / work commitments.

The prospects under review represent a broad array of precious/base metal and industrial mineral targets and are at various stages of exploration, development and/or production. The Company intends to rapidly decide which properties to retain in order to minimize unnecessary expenditures. Our first priority has been to select copper-gold/molybdenum targets that suggest porphyry Porphyry, Greek scholar
Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus.
 style mineralization Mineralization
The process by which the body uses minerals to build bone structure.

Mentioned in: Rickets

mineralization,
n the bioprecipitation of an inorganic substance.
.

On March 11, 2005, China NetTV Holdings Inc. acquired an additional 13 mineral prospects through a similar arrangement with Honglu. The new mineral properties primarily represent copper-gold prospects.

Currently, China NetTV Holdings Inc. is prioritizing these properties with a view to seeking an experienced and capable mining company as a joint venture partner. The joint venture would be formed with the intention of exploring, developing and bringing into production the selected prospects.

This news release contains certain "Forward-Looking Statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" within the meaning of Section 21E of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Securities Exchange Act of 1934, as amended a·mend  
v. a·mend·ed, a·mend·ing, a·mends

v.tr.
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.

2.
. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuing availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual result or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's Annual Information Form with the United States Securities Commission.

On Behalf of the Board of Directors

Anthony Garson, Director, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  

China NetTV Holdings Inc. (OTC Bulletin Board OTC Bulletin Board

An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system.
:CTVH)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 9, 2005
Words:437
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