SOURCE: Cambodian Ventures Limited

April 19, 2006 10:21 ET

Cambodian Ventures Limited -- Update

LOWELL, MA and PHNOM PENH, CAMBODIA -- (MARKET WIRE) -- April 19, 2006 -- Cambodian Ventures Limited (OTC: CMBV) is pleased to announce that the recent stock dividend has been completed and is scheduled to be paid to shareholders as of record date April 20, 2006.

The company is also pleased to announce that it is moving forward with its plan to spin-off two subsidiaries involved in the biotech and casino business in Cambodia. The company intends to request from the exchange to issue spin-off dividends to shareholders of record on April 28th, 2006.

A follow-up press release will be issued April 24, 2006 to give more details on the dividend process.

Gary Fineberg, the President of Cambodian Ventures, commented that: "The recent spike in the price of gold is going to allow the Company to focus on its substantial new Gold Mining Interest and on potential new property acquisitions in The Kingdom of Cambodia. The spin-off companies will reward our loyal shareholders with an equity interest in two other entities with superior growth potential outside of mining."

The company will also issue a press release within the next 10 days updating investors on the progress of the joint venture negotiations with a Cambodian partner for the exploration and development of a gold mining project near the Memot - Snoul area of Cambodia.

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.

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