CLW.P Carlaw Capital IV Inc.

Carlaw Capital Corp. ("Carlaw") (TSX VENTURE:CLW.P) is pleased to announce that
on December 31, 2007, it completed its previously announced acquisition of all
of the issued and outstanding securities of Nyah Resources Inc. ("Nyah") by way
of an amalgamation (the "Amalgamation") of Nyah with 2152433 Ontario Inc, a
wholly-owned subsidiary of Carlaw. The Amalgamation constitutes Carlaw's
qualifying transaction (the "Qualifying Transaction") pursuant to the policies
of the TSX Venture Exchange (the "Exchange").


Pursuant to the Amalgamation, Carlaw issued one common share in the capital of
Carlaw (the "Carlaw Common Shares") for each outstanding common share in the
capital of Nyah (the "Nyah Common Shares"). In addition, warrants to purchase an
aggregate of 13,249,563 Nyah Common Shares and options to purchase an aggregate
of 3,900,000 Nyah Common Shares outstanding immediately prior to the
Amalgamation are now exercisable to purchase an equivalent number of Carlaw
Common Shares in lieu thereof on economically equivalent terms and conditions.


As a result of the completion of the Qualifying Transaction, an aggregate of
50,817,225 Carlaw Common Shares are issued and outstanding, of which 39,249,563
Carlaw Common Shares were issued to holders of Nyah Common Shares. Assuming that
all of the outstanding options and warrants are exercised, 69,340,510 Carlaw
Common Shares will be issued and outstanding on a fully diluted basis.


Pursuant to the terms of an escrow agreement (the "Escrow Agreement") dated
December 31, 2007 among Carlaw, Equity Transfer & Trust Company and certain
escrow securityholders, an aggregate of 6,580,000 Carlaw Common Shares have been
placed in escrow, whereby 25% of such shares will be released immediately upon
the issuance of the Exchange bulletin evidencing final acceptance of the
Qualifying Transaction and the balance of such shares will be released in equal
tranches of 25% every six months thereafter. In addition, options to purchase an
aggregate of 1,400,000 Carlaw Common Shares held by certain principals of the
resulting issuer are subject to the terms of the Escrow Agreement, whereby 25%
of any shares issuable upon the exercise of such options will be released every
six months in accordance with the same release schedule.


Carlaw has also filed articles of amendment changing its name to "Nyah Resources
Corp.", as approved by shareholders of Carlaw at an annual and special meeting
held on September 21, 2007.


The board of directors of Carlaw now consists of Amar Bhalla, Stan Bharti,
George Faught, David Gower and Richard Sutcliffe. George Faught has replaced
Amar Bhalla as President and Chief Executive Officer of Carlaw and Deborah
Battiston has replaced Stuart MacGregor as Chief Financial Officer of Carlaw.


A filing statement dated December 21, 2007 prepared in accordance with the
requirements of the Exchange in connection with the Qualifying Transaction has
been filed with the Exchange and applicable Canadian securities regulators on
SEDAR and is available at www.sedar.com.


Subject to final approval of the Exchange, Carlaw anticipates that its common
shares will commence trading shortly on the Exchange as a Tier 1 issuer under
its new name and trading symbol "NRU".


Certain information in this press release may contain forward-looking
statements. This information is based on current expectations that are subject
to significant risks and uncertainties that are difficult to predict. Actual
results might differ materially from results suggested in any forward-looking
statements. Carlaw assumes no obligation to update the forward-looking
statements unless and until required by applicable securities laws. Additional
information identifying risks and uncertainties is contained in filings by
Carlaw with the Canadian securities regulators, which filings are available at
www.sedar.com.

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