Cervantes Corporation Limited (ASX: CVS) (Cervantes) or (the Company) is pleased to
report that it has completed a placement of 40,154,000 ordinary Shares together with
13,384,665 free-attaching Options to professional, sophisticated and other investors under the
placement capacity available to the Company under ASX Listing Rule 7.1 to raise $281,078.
These funds were raised with the support of the local Chinese community and will allow the
Company to take a further step to progress the development of the 3 gold projects in Western
Australia, and to also consider other potentially value adding assets.