Cavico Updates Activities at Muong Hom Mine

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 MCV, Cavico Industry & Mineral CMI, and Cavico Construction Manpower & Services 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. One of the Company's primary competitive advantages is its ability to nurture a project "from concept through completion" with a vertical portfolio of interrelated investment, permitting, design, construction management and facility maintenance services. Cavico's project partners include top multi-national corporations and government organizations. The Company employs more than 3,000 full-time, part-time, and seasonal workers. For more information, visit http://www.cavicocorp.com. Information on the Company's Web site or any other Web site does not constitute a portion of this release.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to obtain the necessary financing to continue and expand operations, to market its construction services in new markets and to offer construction services at competitive pricing, the Company's ability to complete projects in the time frame specified; anticipated revenue from the projects to attract and retain management, and to integrate and maintain technical information and management information systems; the effects of currency policies and fluctuations, general economic conditions and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. These statements include, without limitation, statements regarding our ability to prepare the Company for growth; the Company's planned expansions, and predictions and guidance relating to the Company's future financial performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.