SOURCE: Cambodian Ventures Limited

March 27, 2006 16:12 ET

Cambodian Ventures Limited Shareholder Update

LOWELL, MA and PHNOM PENH, CAMBODIA -- (MARKET WIRE) -- March 27, 2006 -- Cambodian Ventures Limited (OTC: CMBV) is pleased to announce a corporate restructuring to simplify operations and focus the Company's attention on gold exploration and production in Cambodia. The restructuring calls for the establishment of two new subsidiaries and the issuance of stock dividends to CMBV shareholders for each company. A casino subsidiary will focus on investing in and acquiring gaming licenses in different provinces in Cambodia and a biotech subsidiary will focus on marketing products, providing education, protection, and prevention for the deadly Avian influenza, A virus (H5N1), also known as "Bird Flu," among humans.

"This is a new direction for the Company," said Cambodian Ventures CEO Gary Fineberg. "With gold in strong demand, prices at multi year highs, and the Company in discussions to acquire several gold exploration and producing properties, the Board feels it is an important time to focus its attention on mining in Cambodia."

Mr. Fineberg added, "The $2 million market capitalization of Cambodian Ventures is significantly undervalued in comparison to its publicly-traded peers trading on North American stock exchanges. South East Asian mining has worldwide appeal and tremendous potential given the demand by China and India. Our Company has a unique position given that Management is proactively pursuing mining assets in Cambodia on a daily basis."

Cambodian Ventures intends to accelerate developments on the mining side in Cambodia by bringing on new board members and management personnel experienced in South East Asian mining. The Company has already entered into talks with potential candidates and will advise shareholders when definitive arrangements are concluded.

Mr. Fineberg also noted that the dividend strategy gives investors multiple reasons to invest in the Company. The spin-off subsidiaries will have separate and independent management teams. The intention is to seek listings for both new companies on either the Pink Sheets or OTC BB markets in the United States. Shareholders should expect timely, periodic information from the Company updating shareholders on the spin-off of these new companies.

The Company expects to announce ex-dividend dates for each of these new listings within two weeks and expects to conclude dividend payments to shareholders within 60 days.

Cambodian Ventures also wishes to announce that in order to improve shareholder information and communication; the Company will be appointing a recognized Investor Relations firm with experience in the Natural Resource sector. Shareholders should expect an appointment within the next 15 business days.

Safe Harbor Statement: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.

Contact Information