Source: Reuters Key Development                  Date: 21 April, 2011

C @ Limited (CEO) has entered into a binding and exclusive agreement with an international coal developer that has a significant position in the coking and thermal coal industry in Mongolia, providing CEO with an option to acquire eight highly prospective coal exploration licenses in the South Gobi, near the Chinese border, and adjoining Ovorhangay province in southern Mongolia. The licenses in Ovorhangay are close to existing mining operations. The option period commenced on April 19, 2011 and will continue for a period of 10 weeks, during which time CEO will complete due diligence on them.