Cedar Mountain Acquires Alaskan Gold Project

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Cedar Mountain Exploration Inc. ("Cedar") (TSX VENTURE:CED) is pleased to
announce that its wholly-owned subsidiary, Cedar Mountain Exploration (Alaska)
Inc. ("Cedar Alaska") has entered into an agreement (the "Agreement") with an
arms-length party (the "Vendor") to lease, with an option to purchase, a gold
exploration project (the "Project") located in the State of Alaska, USA.


Pursuant to the Agreement, Cedar Alaska may lease the Project from the Vendor by
paying aggregate lease payments of US$1 million and incurring US$2.15 million in
work commitments over 6 years. Cedar Alaska has the option to purchase
("Option") 100% of the Project at any time within those 6 years for US$1.5
million, with all lease payments paid prior to exercise of the Option being
deducted from the purchase price. Upon exercise of the Option, Cedar Alaska
shall not be obligated to make further work commitments. Cedar Alaska must also
maintain the Project in good standing and may terminate the lease at any time. 


The Vendor will retain a production royalty equal to 5% of the net smelter
returns ("NSR"). Cedar Alaska shall make annual advance royalty payments to the
Vendor of US$100,000 upon exercise of the Option, US$100,000 on the first
anniversary of the exercise of the Option, and US$200,000 on or before each
subsequent anniversary of the exercise of the Option.


Cedar Alaska may purchase up to 3/5 of the Vendor's retained royalty - thereby
reducing the NSR from 5% down to a minimum of 2% - by paying the Vendor a the
sum of US$2 million for each 1% NSR purchased. Upon any purchase of the NSR by
Cedar Alaska, the advance minimum royalty payments shall be adjusted
proportionately. 


Subject to approval by the TSX Venture Exchange, Cedar has agreed to pay a
finder's fee to an arm's length third party (the "Finder"), for a total
consideration of US$70,000 including an aggregate cash payment of US$55,000
together with the issuance of US$15,000 of common shares of Cedar ("Common
Shares") over a period of 5 years and conditional upon the continuation of the
Agreement with the Vendor. Should Cedar Alaska choose to exercise the Option,
the full finder's fee is payable to the Finder within 30 days.


About Cedar Mountain Exploration Inc.

CEDAR MOUNTAIN EXPLORATION INC. (TSX VENTURE:CED) is a junior mineral
exploration company with gold and base metal projects in North America. In
addition to advancing its existing properties, the Company continues to evaluate
opportunities globally. Cedar is a member of the Discovery Group of Companies.

Cedar Mountain Exploration Inc. (TSXV:CED)
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