Hardt Energy - A member of Hardt Group - Exclusive advisor to Tagore Investments S.A. - Successful signing of the asset purchase agreement for a crude oil refinery of Tagore Investments S.A.

Vienna, London (ots) - HARDT ENERGY - the exclusive advisor to
Tagore Investment S.A., a BVI company - announced today that Tagore
Investment S.A. has reached an agreement to sell its 50.000 barrel
crude oil refinery to CityView Corporation Limited.

HARDT ENERGY acts as arranger and project advisor to Tagore
Investments S.A. - the total purchase consideration is US$320
million. US$150 million of this will be raised by the placement of
CityView shares, the price of which has been agreed with European
institutions at Aus 20c per share.

The balance of bank funding will involve both a major West African
bank and a Global bank with the terms of the facilities and required
due diligence in hand.

HARDT GROUP Securities S.A. - a member of HARDT GROUP - acted as
major lender by financing Tagore Investments S.A. and its refinery
project.

DDr. Alexander SCHWEICKHARDT, CEO of HARDT GROUP said: "We are
extremely pleased with the professional cooperation with City View.
The team has an exceptional deal flow, a strong track record and is
very experienced in project financing at the highest level in a
number of major projects."

CityView CEO, Mark Smyth said; "Now that we are in a position to
secure the refinery, we can finalise negotiations with third parties
to determine the most suitable site to locate it. We have several
options that are available to us at the present time".

The transaction is subject to CityView shareholders' consent. A
notice of EGM will be issued in due course, containing further
details of the transaction and financing arrangements. Following
this share placement it is anticipated that certain members of the
new institutional investors will seek Board representation.

The refinery purchase will be closed in 2008, with shipment and
construction in 2009 and operations commencing in the first half of
2010. Expansion of the refinery to 100,000 bpd capacity will commence
following installation of the first module.

About TAGORE

Tagore Investments S.A. has invested in the purchase,
refurbishment and re-engineering of various technical components for
the construction of a crude oil refinery (excluding on-site
utilities, storage tanks and on-site infrastructure) with an
operating capacity of approx. 50,000 barrels of crude oil per day.

About CityView

CityView owns a resources portfolio of oil, copper, gold, diamonds
and rare earths. CityView's strategy is to secure title to major oil,
mineral and diamond assets in West Africa and pursue a successful
development programme. CityView is an Australian company, listed on
the ASX in Australia, OTCBB in the USA and FSE in Germany.

About HARDT ENERGY

HARDT ENERGY provides services in the field of project development
in the energy sector ranging from petroleum and petroleum refining,
power and power generation as well as alternative energy sources and
renewables. HARDT ENERGY runs a dedicated team of professionals with
extensive experience in crude oil refining and processing, logistic
operations, civil and electrical engineering, project development and
financing. Through a well established network of partners and
industry contacts, HARDT ENERGY is able to evaluate and pursue
projects in all major energy markets.

About HARDT GROUP

HARDT GROUP is an institutionally focused, international
Alternative Investment group with focus on Hedge Funds, Private
Equity, Real Estate and Venture Capital. HARDT GROUP uses the deep
expertise of its investment team extensively in its project and
transaction business. The firm also seeks to partner with
international co-investors who also have the specific knowledge in
managing venture capital for investments in commodities and
industrial companies. With offices in Vienna, New York, London and
Zug. HARDT GROUP currently advises in excess of USD 1 billion assets
in Fund of Hedge Funds, Private Equity and Direct Investments.

Originaltext: Hardt Energy GmbH
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