China NetTV Holdings Inc. Completes Through Option Agreements-Rights to Additional Properties in China.VANCOUVER, British Columbia -- China NetTV Holdings Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CTVH) Under an Agreement effective as of November 2004, with Honglu Investment Holdings Inc. ("Honglu"), China NetTV Holdings Inc. acquired interests in 25 mineral properties located in Tibet, China. Of the 25 properties the Xietongmen property is being further explored/developed in a joint venture agreement with Continental Minerals Corporation (A Hunter Dickinson Inc. group companies) with a drilling program of 10,000 meters in 2005. Honglu owns 65% direct or indirect rights or options to, or interests in the properties. (A 100% interest is held in three 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 annual exploration expenditures. Our first priority has been to select gold-copper/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. . Currently, China NetTV Holdings Inc. is prioritizing these 24 properties with a view to seeking an experienced and capable mining company as a joint venture partner/partners. The joint venture(s) would be formed with the intention of exploring, developing and bringing into production the selected prospects similar to the Xietongmen prospects. Any forward-looking statement 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. in this press release is made pursuant to the "safe harbour" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, product prices and changes in international and local markets, as well as the inherent risks of the mining related business. 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) |
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