China NetTV Holdings Inc.

China NetTV Holdings Inc.

March 30, 2005 14:42 ET

China NetTV Holdings Inc. Completes Through Option Agreements-Rights to Additional Properties in China


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CHINA NETTV HOLDINGS INC.

OTC Bulletin Board SYMBOL: CTVH

MARCH 30, 2005 - 14:42 ET

China NetTV Holdings Inc. Completes Through Option
Agreements-Rights to Additional Properties in China

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 30, 2005) - China
NetTV Holdings Inc. (OTCBB:CTVH)

Under an Agreement effective as of November 2004, with Honglu Investment
Holdings Inc. ("Honglu"), China NetTV Holdings Inc. acquired interests
in 25 mineral properties located in Tibet, China. Of the 25 properties
the Xietongmen property is being further explored/developed in a joint
venture agreement with Continental Minerals Corporation (A Hunter
Dickinson Inc. group companies) with a drilling program of 10,000 meters
in 2005.

Honglu owns 65% direct or indirect rights or options to, or interests in
the properties. (A 100% interest is held in three of the properties).
China NetTV Holdings Inc. has acquired the interests collectively known
as Additional Rights by agreeing with the Honglu Shareholders to meet
certain annual land payments and exploration/work commitments.

The prospects under review represent a broad array of precious/base
metal and industrial mineral targets and are at various stages of
exploration, development and/or production. The Company intends to
rapidly decide which properties to retain in order to minimize annual
exploration expenditures. Our first priority has been to select
gold-copper/molybdenum targets that suggest porphyry style
mineralization.

Currently, China NetTV Holdings Inc. is prioritizing these 24 properties
with a view to seeking an experienced and capable mining company as a
joint venture partner/partners. The joint venture(s) would be formed
with the intention of exploring, developing and bringing into production
the selected prospects similar to the Xietongmen prospects.

Any forward-looking statement in this press release is made pursuant to
the "safe harbour" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that actual results may
differ substantially from such forward-looking statements.
Forward-looking statements involve risks and uncertainties including,
but not limited to, economic and political factors, product prices and
changes in international and local markets, as well as the inherent
risks of the mining related business.

On Behalf of the Board of Directors

Anthony Garson, Director, President & CEO

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    China NetTV Holdings Inc.
    Anthony Garson
    Director, President & CEO
    (604) 641-1366
    (604) 641-1377 (FAX)
    investors@ctvh-holdings.com