On September 28, 2006, Compagnie Française de Mines et Métaux ("CFMM") completed its previously announced reverse takeover of La Mancha Resources Inc. and the creation of an internationally diversified gold company with gold producing and exploration assets in Australia, Côte d'Ivoire, Sudan and Argentina. CFMM is a wholly-owned subsidiary of the Areva group, a French conglomerate.

The transaction is structured as an exchange whereby CFMM has been issued 90 million common shares of La Mancha and 7 million warrants to purchase common shares of La Mancha at the exercise price of $2.00 per share in exchange for the conveyance to La Mancha of all issued and outstanding shares of Mines & Resources Australia Pty Ltd. ("MRA") and Compagnie Minière Or SA ("Cominor"). MRA holds gold assets in Australia, and Cominor in Sudan and Côte d'Ivoire. The Transaction results in CFMM holding more than 60% of the outstanding common shares of La Mancha.

Concurrently with the closing of the transaction, the common shares of La Mancha have been de-listed from the TSX Venture Exchange and have begun trading on the Toronto Stock Exchange under ticker symbol LMA.

Fasken Martineau advised CFMM in this matter with a team comprised of Mireille Tremblay, Teri Hoppenheim and Gilles Carli.