CENTRAL ASIA GOLD APPOINTS MANGOLD FONDKOMMISSION AS NEW LIQUIDITY PROVIDER (MARKET MAKER)

In order to increase the liquidity in the Central Asia Gold share, the Board
has appointed Mangold Fondkommission as new liquidity provider as of May 18,
2010. 


The Board of Central Asia Gold AB (publ) has appointed Mangold Fondkommission
AB as new liquidity provider in the company´s shares that are traded on NGM
Equity, Nordic Growth Market AB. Mangold´s assignment starts on May 18 2010 and
the purpose is to reduce the spread between the bid and ask price in order to
increase the liquidity of the share as well as to obtain a more fair valuation. 

Additional information:
Short name: CAG
ISIN-code: SE0001337213 

For more information, please contact:

Preston Haskell, MD, phone +46 768 90 55 49 
e-mail: preston.haskell@centralasiagold.se

Lars Guldstrand, Chairman of the Board, phone +46 70 528 8181 
e-mail: lars.guldstrand@centralasiagold.se

Website: www.centralasiagold.se, Postal and visiting address: Engelbrektsplan
2, 4tr SE-114 34 Stockholm 
Central Asia Gold AB is a Swedish mining company focused on gold production and
exploration in Russia in the central parts of Asia. The gold production was
initiated in late January 2005 and the assets were as at end of 2008 estimated
to 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