SOURCE: Catalyst Resource Group

April 12, 2011 08:30 ET

Catalyst Resource Group to Cooperate With Indonesian Iron Sand Mining Company

LOS ANGELES, CA and JAKARTA, INDONESIA--(Marketwire - Apr 12, 2011) - Catalyst Resource Group (OTCQB: CATA), a company engaged in natural resources and innovative processing technologies for mining, today announced that the Company has signed a Letter of Intent with Bumi Pertiwi Makmur Sejahtera, an Indonesian company, ("BUMI") to cooperate in the extraction and processing of iron sand in Indonesia.

BUMI currently owns an iron sand mine and can secure additional mining rights in an area of about 1,200 hectares in Sukabumi District, West Java, Indonesia. The estimated capacity of the iron sand in discussion is approximately 100 million metric tons onshore and 500 million metric tons offshore.

The Company has sixty days to complete further due diligence of BUMI, including analysis of iron sand samples already provided by BUMI, before signing a definitive agreement for the closing of this transaction.

Mr. Hendery Sie, President of BUMI, stated: "We are delighted to work with Catalyst Resource Group to take advantage of breakthrough processing technologies that will help maximize value from our iron sand mine for shareholders of both companies."

About Catalyst Resource Group

Catalyst Resource Group is engaged in natural resources and innovative processing technologies for mining. The Company has successfully concluded negotiations to acquire equity interests in several gold mines in East & Southeast Asia, Central Asia, and North America and to secure breakthrough technologies for mineral processing and chemical applications. Website: www.cataresource.com

About Bumi Pertiwi Makmur Sejahtera

Bumi Pertiwi Makmur Sejahtera is an Indonesian company currently engaged in mining of iron sand in Sukabumi District, West Java, Indonesia. The Company has completed the feasibility study and received the required mining licenses for the project.

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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