Funds Managed by Laxey Partners Ltd. Acquire Units of CMP Gold Trust for Investment Purposes

Laxey Partners Ltd. ("Laxey") announced today that on behalf of LACMA Limited,
LACV Limited, LPAlternative LP, LP Value Limited, Laxey Universal Value LP,
Sprugos Investments XII, LLC and The Value Catalyst Fund Limited (collectively
the "Funds") it has acquired through the facilities of the Toronto Stock
Exchange 10,000 units of CMP Gold Trust ("CMP") at an average price of
CDN$10.5406 per unit. Each unit is comprised of one trust unit and one series A
warrant of CMP.


As a result of this acquisition, the Funds now hold 424,700 units representing
approximately 10.12% of the total outstanding units of CMP. 


Laxey holds these units, on behalf of the Funds under its discretionary
management, for investment purposes only and not with the purpose of influencing
the control or direction of the CMP. These investments will be reviewed on a
continuing basis and such holdings may be increased or decreased in the future.


Laxey has discretionary management on behalf of LACMA Limited, LACV Limited,
LPAlternative LP, LP Value Limited, Laxey Universal Value LP, Sprugos
Investments XII, LLC and The Value Catalyst Fund Limited with its principal
office at 64 Athol Street, 4th Floor, Derby House, Douglas, Isle of Man IM1 1JD
United Kingdom.