HANOI, Vietnam, July 14, 2011 (GLOBE NEWSWIRE) -- Cavico Corp.(Pink Sheets:CAVO) ("Cavico" or the "Company"), a major infrastructure construction, infrastructure investment, and natural resources conglomerate based in Vietnam, today announced that Laos's government has agreed to extend the timeline, until April 2012, for Cavico Muong Hom Mining ("CMM") to conduct further studies and surveys in Muong Hom district, Vientiane province, Laos. In April 2009, Cavico announced that it was provided an approval to explore and exploit copper and other ores on 500 square kilometers of land in this mining region.

After two years of surveying, CMM has discovered nine high-potential locations that have copper and gold reserves. CMM will continue to conduct further surveys of the reserves at these locations, before obtaining required exploitation licenses from Laos' Ministry of Energy and Mines.

Beginning in July 2011, CMM started the construction of an 18-kilometer vehicle accessible road to Ban Bo village for survey conducting purposes. CMM also will construct an additional 54 kilometers of vehicle accessible roads to eight other high-potential locations by September 2011.

"There are great positive potential copper, gold, silver, and bronze reserves in Muong Hom region," comments Mr. Hung Manh Tran, executive vice president of Cavico Corp. "CMM will devote all of its resources to put at least one mine into construction by mid-2012. We will continue to update the activities at Muong Hom Mine in future releases."

About Cavico Corp.

Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico is also making investments in hydropower facilities, cement production plants, mineral exploration and urban developments in Vietnam. The company employs more than 3,000 employees on projects worldwide, with offices throughout Vietnam and a satellite office in Australia. The Company now has three subsidiaries, Cavico Mining (HSX:MCV), Cavico Industry & Mineral (HNX:CMI), and Cavico Construction Manpower & Services (HNX:CMS), which are listed in Vietnam on the Ho Chi Minh and Hanoi Stock Exchanges.

Founded in 2000, Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate headquartered in Hanoi, Vietnam. Cavico is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, ports and urban community developments.