Canadian company acquires 60 per cent of BVI-controlled Sunland Properties

The Canadian company Carlyle Mining Corp has announced that it has received notice from the TSX Venture Stock Exchange saying that the trading halt that was placed on shares of the Company on July 11 2008 is lifted effective at the opening of the market on February 25, 2009. The Transaction was previously described in its news release dated December 23, 2008, announcing that it had entered into a share option agreement, to acquire 60% of the issued and outstanding shares of Sunland Properties Limited. Sunland, which is owned by a British Virgin Islands-registered Rowen Company Limited, and controls 520 square kilometres of prospective copper-gold properties situated in south eastern Queensland, Australia.

The properties consist of two exploration permits and one exploration permit application, acquired by Rugby Mining Pty Limited, – a wholly owned subsidiary of Sunland, - from Newcrest Operations Limited. Rugby made the EPA directly with the Queensland Government Department of Mines and Energy.

Pursuant to the Agreement, Carlyle will advance to the BVI-registered Rowen Australian $25,000 as a non-refundable deposit. In order to maintain its option, the Agreement provides that Carlyle will pay to Rowen (BVI) AU$200,000 in cash, which is payable on closing of the Transaction, or within 30 days of completion of any future capital raising financing by the Company.

After the closing of the transaction, Carlyle will be called Rugby Mining Limited, and will change its trading symbol to RUG. An aggregate 16,000,000 common shares will be issued and outstanding.

LonZim purchases remaining stake in BVI-based Bluberry International Services

LonZim Plc, which has been established for the principal purpose of making investments in Zimbabwe announced that it had acquired the remaining 20% of British Virgin Islands-registered Blueberry International Services Ltd. - an offshore company that controls 60% of Celsys Limited, a Zimbabwean publicly listed company operating in the telecommunications and security printing sector. The BVI registered Blueberry International Limited also is the sole owner of Zimbabwean private industrial chemical manufacturer and distributer - Gardoserve Limited, the company trading under the "Millpal" brand.

The stake in the BVI company was acquired from Coast2Coast Communications Investments for US$1,362,500. This deal followed LonZim's GBP 2,431,000 worth acquisition of an initial 80% of BVI offshore company in January 2008. At that moment LonZim also entered into a 'put and call option' agreement with Coast2Coast with option period valid till 1 October 2012. In accordance to this agreement under the call option LonZim can acquire the remaining 20% in Blueberry at the same price. Under the put option LonZim can be required to acquire the remaining 20 per cent in Blueberry at a price of US$1,362,500.