La Mancha Resources Inc.

Combination of Areva's International Gold Producing Assets With La Mancha Resources Inc. to Create an International Diversified Gold Producer

Vancouver, Canada (ots/PRNewswire) - La Mancha Resources Inc. ("La Mancha"), and Areva today announced that they have agreed on certain terms to combine the international gold producing and exploration assets of Areva located in Australia, Sudan and Côte D'Ivoire with La Mancha's Argentina exploration assets, in exchange for Areva receiving 83,175,000 La Mancha common shares and 7 million warrants to purchase La Mancha common shares at an exercise price of CAD$2.00, expiring on the second anniversary of closing of the transaction. Following the completion of the transaction and after the issue of other shares in connection with the transaction inclusive of a financing, Areva will own at least 60% of the fully diluted equity (excluding the 7 million warrants) of the enlarged company. Attributable gold production exceeded 100,000 ounces for both 2004 and 2005. The transaction includes a private placement of La Mancha common shares of CAD$40 million at $1.50 per share raised through a banking syndicate led by Ocean Equities Ltd. of London, England, that will result in the Company having no debt, substantial cash flow from its operations, and funds for a significantly expanded series of programs for exploration and mine development projects. The transaction is subject to, among other conditions, completion of satisfactory due diligence by both parties, the parties completing a definitive agreement to effect the transaction, approval by competent corporate body of Areva, approval by La Mancha shareholders, and acceptance by regulatory authorities. Technical reports on the four principal mining projects conforming to National Instrument 43-101 are being finalized and will be made public upon regulatory acceptance. An information circular will be delivered to La Mancha shareholders in the coming weeks following the setting of a date for the requisite shareholder meeting. The transaction is anticipated to close prior to the end of May, 2006. ON BEHALF OF THE BOARD Walter H. Berukoff Chairman and CEO The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. TSX Venture Exchange Symbol: LMA ots Originaltext: La Mancha Resources Inc. Im Internet recherchierbar: Contact: For further information: please visit our website at, or contact the Company at Tel: +1-(604)-998-1250 or Fax: +1-(604)-998-1253 or email:

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