DADIANGOU

Jinshan Gold Mines announced that Gansu Pacific Mining indirectly owned subsidiary of Jinshan and its joint venture partner, have entered into an agreement to sell the Dadiangou gold project in Gansu Province, China.

Jinshan Gold Mines announced an updated resource estimate for its Dadiangou gold project in Gansu Province, China. The total resource tonnage has increased by 39% and the total contained gold has increased by 34%.The Indicated resource is estimated at 20.0 million tonnes at 0.87 g/t gold for 545,000 ounces of contained gold and Inferred Resources is estimated at 16.6 million tonnes at 0.96 g/t gold for 498,000 ounces of contained gold. Within the overall resource, a higher-grade core zone (consisting of both inferred and indicated resources) has been defined which contains approximately 60% of the total gold resources within 25% of the total tonnage and grades 2.05 to 2.07 g/t gold.

An updated resource estimate was released. The total resource tonnage has increased by 39% and the total contained gold has increased by 34% over the previous resource estimate announced January 31, 2008. The Dadiangou Project now hosts Indicated Resources of 20.0 million tonnes at 0.87 g/t gold for 545,000 ounces of contained gold and Inferred Resources of 16.6 million tonnes at 0.96 g/t gold for 498,000 ounces of contained gold, both at 0.4 grams per tonne (g/t) cut-off grade. Within the overall resource, a higher-grade core zone (consisting of both inferred and indicated resources) has been defined which contains approximately 60% of the total gold resources within 25% of the total tonnage and grades 2.05 to 2.07 g/t gold.