• Newly acquired zinc mine concession spreads over a total area of 5,020 hectares holds high quality ore averaging 5.67% - 6.23% of Zn content
• Detailed exploration work is planned to be completed by first quarter of 2010 

Jakarta, December 06, 2009: Earthstone Metals Group, a diversified multinational mining company, today announces acquisition of 100% economic interest in a zinc mine concession, owned by PT Lamina Interia and located in Banten Province, Java Island of Indonesia. The acquisition marks a significant development in the company’s aggressive expansion strategy in Indonesia, of exploring natural resources to serve the world markets.

The mine concession is located in Cikate, Cigemblong, Wangunjaya, Mumunggang, Cigemblong and Cirinten District, Lebak, Banten Province in Java Island of Indonesia. The concession spreads over a total area of 5,020 hectares and has high quality ore with 5-67% to 6.23% of Zn content on an average. The zinc deposits are located at the andesite intrusion of Cikotok formation.

Commenting on the development, Mr. Pankaj Shah, Chairman and CEO of Earthstone Group says: “Earthstone Metals Group has the goal of development of metal tenements throughout the world, and this current acquisition marks that first practical transaction in our strategy. Indonesia possesses good deposits of zinc that is in a huge demand from international markets. Based on experience of Earthstone Group in similar projects, we anticipate the Cikate concession to move into production stage by second half of 2010.”

Initial surveys and sampling on the site have shown very promising results. A reconnaissance survey is being carried out to further evaluate the potential of the concession area. The company plans to complete the detailed exploration work including Geological Mapping and Sampling, Geophysical and Morphology surveys on the site by first quarter of 2010.

About Earthstone Metals Group

Earthstone Metals Group, part of the Earthstone Group (Earthstone Holdings, Ltd.), is a mining company focused on identifying, and developing non-ferrous minerals mining assets globally. The company is headquartered in Dubai (UAE) with primary operations in Indonesia.

About Earthstone Group

Earthstone Group is a diversified multinational Group with established presence in Mines and Minerals and developing interests in Energy, Roads, Airports, Ports, Rail Networks and other associated Infrastructure. Acting through its subsidiary companies the Group secured 100% Economic Rights in Coal, Iron Ore, Lead Ore and Manganese Ore properties in Indonesia. We are actively pursuing opportunities in a number of Asian and African countries for Coking Coal, Uranium, Gold and Thermal Coal Mining.