THE ANNUAL REPORT FOR FINANCIAL YEAR 2008 (SWEDISH VERSION) IS HEREBY PUBLISHED AT CAG'S INTERNET WEBSITE

• The annual report for financial year 2008 (Swedish version) is hereby
published at CAG's internet website 
• Clarification regarding outstanding number of shares



The annual report for financial year 2008 in Swedish is now available for
downloading at the Company's website www.centralasiagold.se. 

Further, the Company wishes to clarify that it was stated in the notice to this
year's AGM that there are currently 3,530,625,000 shares outstanding in the
Company. This includes the 3,000,000,000 interim shares that have been issued. 

For more information, please contact:
Chairman Preston Haskell, email: preston.haskell@centralasiagold.com
Vice Chairman Lars Guldstrand, cell phone +46 705 288181, email:
lars.guldstrand@centralasiagold.se 
Website: www.centralasiagold.se, Mail and visiting address: Brovägen 9, SE-182
76 Stocksund 

Central Asia Gold AB is a Swedish mining company focused on gold production and
exploration in Russia and Mongolia in the central parts of Asia. The gold
production was initiated in late January 2005 and the assets today encompass
some 800,000 troy ounces (1 troy ounce = 31.1 g) of C1/ C2 Russian gold
reserves. 

Cautionary Statement: Statements and assumptions made in this report with
respect to Central Asia Gold AB's ("CAG") current plans, estimates, strategies
and beliefs, and other statements that are not historical facts, are
forward-looking statements about the future performance of CAG. Forward-looking
statements include, but are not limited to, those using words such as "may",
"might", "seeks", "expects", "anticipates", "estimates", "believes",
"projects", "plans", strategy", "forecast" and similar expressions. These
statements reflect management's expectations and assumptions in light of
currently available information. They are subject to a number of risks and
uncertainties, including, but not limited to, (i) changes in the economic,
regulatory and political environments in the countries where CAG operates; (ii)
changes relating to the geological information available in respect of the
various projects undertaken; (iii) CAG's continued ability to secure enough
financing to carry on its operations as a going concern; (iv) the success of
its potential joint ventures and alliances, if any; (v) exchange rates,
particularly between the Russian rouble and the U.S. dollar. In the light of
the many risks and uncertainties surrounding any gold production and
exploration company at an early stage of its development, the actual results
could differ materially from those presented and forecast in this report. CAG
assumes no unconditional obligation to immediately update any such statements
and/or forecasts.