NEMC APPROVES KASTAN MINING ENVIRONMENTAL IMPACT ASSESSEMNT FOR ITS COPPER MINING PROJECT IN TANZANIA

DAR ES SALAAM, TANZANIA June 14, 2009 – Kastan announced today that the National Environmental Management Council ("NEMC") has approved the Environmental Impact Assessment ("EIA") for its Copper Mining Project in the Kilosa District of Tanzania. The NEMC Certificate was granted after a thorough review of environmental baseline information, impact predictions, socioeconomic factors, and mitigation actions presented by Kastan. Key to Kastan's plans in the Kilosa District are the recommendations made by MTL Consulting Co. Ltd. specialists who conducted months of detailed work in preparing the Environmental and Social Management plan for the project.

Kastan Chairman, Yun Ho Cho, commented, "This is a major milestone for us. Kastan is committed to sound environmental stewardship and is convinced its plans comply with all regulatory requirements. We have been impressed with the work Dr. Mutagwaba and his team at MTL Consulting have done in guiding the Company towards receiving the NEMC Certificate, which validates our vision for the Company's future mining operations in the Kilosa District. This represents the final regulatory approval required by Kastan prior to submitting a Special Mining License application to the Ministry of Energy and Minerals, an action we expect to take in the near future."

John Tate, Kastan's Vice-Chairman went on to say, "The environmental review also placed a significant amount of attention on the social management aspects of the project. In evaluating these impacts MTL interviewed a wide cross section of stakeholders, including villagers, village leadership teams, Kilosa District officials, and local political representatives. Our ability to receive the NEMC approval would not have been possible without the broad-based community support Kastan received from all of these stakeholder groups. We believe building and maintaining an open and productive dialogue with these stakeholder groups is essential in helping us achieve optimal results in our commercial operations. We want to express our sincere thanks for the vote of confidence we have received from the communities impacted by our mining project."

About Kastan
Founded in 2007, Kastan is headquartered in Dar es Salaam, Tanzania. The Company is a mining and exploration company that is focused on participating in the development of the mining industry in Tanzania. Kastan Company has a variety of mineral industry initiatives underway that range from early stage exploration and developmental projects to late stage initiatives that are entering the commercialization phase.