Amalfi Capital Corporation Announces That CDR Minerals Inc. Receives Shareholder Approval for Amalgamation

Amalfi Capital Corporation (TSX VENTURE:ALI.P) ("Amalfi" or the "Corporation")
is pleased to announce that the shareholders of CDR Minerals Inc. ("CDR") at a
meeting of shareholders held earlier today, approved the terms of the previously
announced amalgamation, pursuant to which a wholly-owned subsidiary of Amalfi
will amalgamate (the "Business Combination") with CDR and continue as one
company under the Business Corporations Act (Ontario). The Business Combination
will, once completed, constitute a Qualifying Transaction of Amalfi as defined
in Policy 2.4 of the TSX Venture Exchange Inc. ("TSX Venture") Corporate Finance
Manual. 


The completion of the Business Combination is subject to the receipt of all
applicable regulatory approvals, including the approval of the TSX Venture. The
completion of the Business Combination is also subject to additional conditions
precedent, satisfactory completion of due diligence reviews by the parties,
board of directors approval of Amalfi and CDR, and certain other usual
conditions. 


About CDR

CDR is a privately held coal exploration and production company, incorporated
pursuant to the Business Corporations Act (Ontario), headquartered in Toronto,
Ontario, Canada with a regional office in Hazard, Kentucky, U.S.A. CDR is
concentrating its efforts on developing producing surface coal mining operations
in the Central Appalachian coal producing region of the United States, which
includes parts of West Virginia, Virginia, Kentucky, Ohio, and Tennessee.


Trading of the Amalfi common shares will remain halted pending receipt of
certain documentation by the TSX Venture. 


The completion of the Business Combination are subject to a number of
conditions, including but not limited to, TSX Venture acceptance and shareholder
approval. The Business Combination cannot close until the required shareholder
approval is obtained. There can be no assurance that the Business Combination
will be completed as proposed or at all.


Investors are cautioned that any information released or received with respect
to the Business Combination may not be accurate or complete and should not be
relied upon. Trading in the securities of the Corporation should be considered
highly speculative.


Except for historical information contained herein, this news release contains
forward-looking statements that involve risks and uncertainties. Actual results
may differ materially. Neither Amalfi nor CDR will update these forward-looking
statements to reflect events or circumstances after the date hereof. More
detailed information about potential factors that could affect financial results
is included in the documents filed from time to time with the Canadian
securities regulatory authorities by Amalfi and CDR.


The securities of Amalfi being offered have not been, nor will be, registered
under the United States Securities Act of 1933, as amended, and may not be
offered or sold within the United States or to, or for the account or benefit
of, U.S. persons absent U.S. registration or an applicable exemption from U.S.
registration requirements. This release does not constitute an offer for sale of
securities in the United States.