CATA, LOS ANGELES, CA and VIENTIANE, LAOS -- (Marketwire) -- 04/16/12 -- Catalyst Resource Group (OTCQB: CATA) (PINKSHEETS: CATA), a company engaged in innovative processing technologies to extract gold and platinum group metals, today announced that Laos Minerals Mining, Inc. and the Company have mutually agreed to terminate the Asset Purchase Agreement dated March 3, 2012 with respect to the gold concessions in Sanakham District, Vientiane Province, Lao People's Democratic Republic due to technicality reasons. Both companies have diligently reviewed the circumstances and new developments related to this transaction and decided that it is in the best mutual interests to rescind the agreement in its entirety. In the meantime, the Company has been working with investor groups to close the initial funding tranche in order to begin producing concentrates of gold and platinum group metals using the Company's proprietary processing technologies as well as negotiating with other potential acquisition targets in the area of precious metals. On a separate note, the Company has recently appointed Dave Banerjee CPA to be the new independent auditor for the Company. Due to the change of auditors, the Company has experienced a delay in the filing of its 10-K report for the fiscal year ended December 31, 2011 but will endeavor to submit this report with the Securities and Exchange Commission as soon as possible. The Company will hold a conference call at 04:30 P.M. EDT on Friday, April 20, 2012. To participate in this conference call, dial +1-605-475-4700, access code 597644#. There will be a session for live questions and answers; however, priorities will be given to individual shareholder questions submitted at least one day in advance via email to info@cataresource.com
Catalyst Resource Group Announces Breakthrough Recovery Technologies for Precious Metals
17 July 2011 LOS ANGELES, CA--(Marketwire - Jun 9, 2011) - Catalyst Resource Group (PINKSHEETS: CATA) (OTCQB: CATA), a precious metals recovery and technologies company, today announced that the Company's proprietary recovery system for precious metals is capable of increasing recovery rates up to 10,000% more than that of traditional methods Catalyst Resource Group has developed and secured patented proprietary methods that can recover fine micron metals that could not be recovered in the past.
This process is able to recover up to one hundred times the standard industry recovery rates, targeting gold, platinum, rhodium and palladium. Using the Catalyst recovery system, the Company will start production on its properties in Beluga, Alaska, which consist of an initial 160 acres with an option to increase up to an additional 46,080 acres. Initial results from the properties have shown significant quantities of rhodium, palladium and gold.
Catalyst CEO, Douglas Berkey, said: "We consider ourselves to be a 'hybrid mining company,' with all the benefits of a large mining operation but with none or little of the costs and risks associated with it. Because most of our material is above ground and already mined, our operating costs are less than 10% of those of traditional mining companies. Our methods are also more environmentally friendly while being much more efficient."
The Company intends to form several joint ventures with other mine properties and start to license out its patented separation process to other mining, processing, recovery and refining operations around the world.
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