SOURCE: Catalyst Resource Group

May 10, 2011 09:00 ET

Catalyst Resource Group Terminates Kyrgyzstan Mine Acquisition to Focus on Processing Gold and Platinum Group Metals (PGMs) in North America

LOS ANGELES, CA--(Marketwire - May 10, 2011) - Catalyst Resource Group (OTCQB: CATA) (PINKSHEETS: CATA), a company engaged in innovative processing technologies for mining and natural resources and, today announced that the Company has terminated an agreement to acquire 49% equity interest in gold mines currently exploited by P&P Investment Group in Naryn, Kyrgyzstan.

The Company has further reviewed logistical and financial issues related to the contemplated transaction and decided instead to focus its efforts on acquiring breakthrough innovative processing technologies and mineral properties to extract and process rhodium, palladium, platinum and gold in North America.

Catalyst Resource Group intends to provide updates on the new processing technologies and mineral properties, which management believes have the potential to generate significant revenues and profits for the Company.

About Catalyst Resource Group
Catalyst Resource Group is focused on utilizing innovative processing technologies for mining and natural resources to extract and process gold and platinum group metals such as rhodium, palladium, and platinum. The Company intends to initially apply these new technologies on mineral properties in North America. Website: www.cataresource.com

Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

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