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CA Goldfields Inc (fka CAGI) RSS Feed

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CA Goldfields, Inc.
3555 Don Mills Road
Suite 18-178
Toronto, Ontario M2H 3N3
Canada

Last Press Release:  May 2, 2008

CA Goldfields Inc. (OTC:CAGI.PK) is pleased to announce its has begun operations on its gold property in Nicaragua, called La Curva.

www.cagoldfields.com/News%20Releases050208.html

Website: www.cagoldfields.com

The company has announced in previous press release that it will not be reorganizing the share structure through a consolidation.

Auth = 254m
O/S = 237m
Free Trading = 137m
Restricted = 100m
( dividend )
Transfer Agent: Transfer Online of Portland Oregon.

Symbol and name change took place 04/08/2008
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A Golden Opportunity in Nicaragua:

Bonanza is an appropriate name for a district in Nicaragua, because this stretch of land is unknown to yield new gold reserves with uncommon frequency. Surveys show that more than half of all the land in Bonanza district has quantities of gold that can be mined profitably. That is why the exclusive agreement signed with the present owners of prime land in the gold-rich part of Nicaragua has so much stock investment potential.

CA Goldfields, Inc. now has a one-year right to purchase the land for a mere quarter of a million dollars. The exclusive Mineral Exploration Rights Agreement also gives this potentially exciting OTC stock the right to enter in to a Joint Venture Ownership Agreement with the present land owners. CA Goldfields, Inc. would have a controlling 70% stake in such a joint venture.

CA Goldfields, Inc. has secured the options of both outright ownership and a controlled joint venture structure, for a token deposit of just $20 thousand. CA Goldfields, Inc. has committed to spend at least $200 thousand to move requisite equipment into the area, so that it can conduct sophisticated geological tests for a reliable projection of the available gold reserves. The company believes the concluded agreement will become a part of a much larger mining business.

The land, for which CA Goldfields, Inc. now has options until the middle of December 2008 stretches over about two thousand acres. It is known as “La Curva” and is located in Bonanza, a mining district that forms part of the world famous Golden Triangle of Nicaragua. Local craftspeople have found gold in this territory with just superficial diggings, though it has never been mined on an industrial scale until now. “La Curva” borders the Hemco Nicaraguan Concession, which is an established and profitable gold mining operation.

Few stocks can compete with gold when it comes to value appreciation. Gold prices have tripled in the last six years. The management of CA Goldfields, Inc. believes that gold prices will continue to rise significantly in the future. The exclusive Mineral Exploration Rights Agreement it has negotiated with the present owners of “La Curva” represents special stock value. The company has a new top management team in place to oversee exploration efforts by top geologists and mining experts.

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Experienced team to develop infrastructure for mining operations:
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Development: Glen Hodgson Dvalrey
Operations Manager: Moe Sankar


Two key members of the team are Glen Hodgson Dvalrey and Moe Sankar and they will be the Director of Exploration and Development and Operations Manager respectively of the Company's mining operations.

Mr. Hodgson Dvalrey, a noted geologist and mining engineer, will be responsible, as head Company geologist, for all geological, exploration and testing work performed by the Company. Mr. Sankar will be the Operations Manager of the Company developing the mining infrastructure.

OTHER MEMBERS OF THE MINING STAFF FOR CA GOLDFIELDS, INC.:

Enrique Rizo Diaz and Fernando Rizo Diaz - Both brothers, from whom the Company purchased the La Curva property, understand the land mass and where the gold veins run. They are very familiar with the political and departmental mining Departments that regulate the mining concessions in the area. Enrique and Fernando will help co-ordinate the overall mining operations as Assistant VP's - Mining Development.

Francisco Rizo Diaz - Also one of the brothers we purchased property from, Francisco is a mining lawyer and very familiar with the mining laws and rules and regulations pertaining to the mining industry in Nicaragua especially the Bonanza mining district where our property is located. Francisco will assist in all legal requirements of the Company as Assistant VP - Legal Department.

Esperanza Lacayo Tejada - Esperanza will originate, co-ordinate, and file all documents and papers required in the importation and deployment of machinery the company requires for its operations, whether imported or purchased locally. In addition, she will be in charge of all administrative and secretarial functions of the Company as Custom Chief and Administration Assistant - Free Zone, Nicaragua.

Ricardo Lacayo Tejada - Ricardo will assist in the overall management, maintenance and supply of the vehicles employed in the mining operations of the Company. In addition, Ricardo will be the driver for the Company in errands and movement of supplies and personnel.

Wilmer Mendoza - Wilmer has been a practicing lawyer for over 25 years in Nicaragua, and is very familiar with all mining and corporate laws as it relates to the operations of the Company. Wilmer will be VP - Legal and Corporate Affairs for the Company and will be in charge of all legal duties for the Company.

David Garcia - David is currently president of the Association Of Small Miners in Bonanza, and is in charge of a co-operative that has 450 miners as members. David, amongst other things, will be an invaluable source of knowledge and personnel recruitment for the Company. David will be VP Personnel and Operations for the Company.

Erick Daniel G. Ramos - Erick is a mechanical engineer and operates a machinery rental and sales operations and services machinery for the mining and construction industry. Erick will be VP Vehicle Procurement and Maintenance for the Company.

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