Golden China Appoints Frank Chen as CFO
Toronto, Ontario, April 5, 2007 - Golden China Resources Corporation (GCX: TSX; ASX) announces the appointment of Frank Chen as the company's Chief Financial Officer (CFO), effective immediately. Mr. Chen also assumes the responsibilities of Corporate Secretary.
Mr. Chen's appointments follow the completion of the interim terms of David K. Charnock as acting CFO and Gary Quedado as Corporate Secretary. The changes reflect the development of the company's management following its recent merger with Michelago Limited.
Mr. Chen takes on the role of CFO after two years as Golden China's Corporate Controller, where he lead the establishment and implementation of the company's internal control systems, managed the organization's financial reporting initiatives, and spearheaded the integration of accounting systems and practices with respect to Golden China's various acquisitions.
Mr. Chen joined Golden China in 2005 from his position as CFO of Afcan Mining Corporation, a public company listed on the Toronto Stock Exchange. He has also held various senior financial managerial roles with such companies as USG Building Materials Ltd., AlliedSignal Automotive Friction Materials Ltd. and C.P. Healthcare Group in China. In addition to his Certified Management Accountant designation, Mr. Chen holds a Master of Business Administration from the University of Western Ontario and a Bachelor of Commerce in Accounting from Northeastern University in China.
"On behalf of the Board of Directors, I would like to congratulate Frank on his well deserved appointment as CFO. With his technical skill and intimate knowledge of our business model, he is the ideal candidate to implement and guide our financial strategies as we embark on our next stage of growth," said Greg Starr, President and Chief Executive Officer of Golden China. "As well, I'd like to take this opportunity to thank David and Gary for their respective stewardships as interim CFO and Corporate Secretary."
About Golden China Resources Corporation:
Golden China Resources Corporation is a significant participant and consolidator in the Chinese precious metal industry and one of the largest producers of gold in China. The company is using its extensive knowledge of the Chinese marketplace and best practices based on established international standards in building a diversified gold business focused on exploration and development, operations, and corporate development in the Chinese precious metal industry. Golden China's shares are listed on the main boards of both the Toronto and Australian Stock Exchanges under the symbol GCX.
For further information please contact:
Golden China Resources Corp.
Kristen (Boucher) Humphrey
Communications Manager
Tel: 416.366.8818 ext. 230
khumphrey@goldenchina.ca
www.goldenchina.ca
or
Renmark Financial Communications Inc.
Barbara Komorowski: bkomorowski@renmarkfinancial.com
Neil Murray-Lyon : nmurraylyon@renmarkfinancial.com
Tel.: 514.939.3989
Fax: 514.939.3717
www.renmarkfinancial.com
Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulatory authorities. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
THE TSX HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.
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Golden China Resources Corporation
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CODE : GCX.TO |
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CUSIP : 38081U 10 5 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Golden China Res. is a gold development stage company based in Canada. Golden China Res. holds various exploration projects in Argentina and in China. Its main exploration properties are USPALLATA GRABEN and LOS MENUCOS (EL PUESTO ET AL.) in Argentina and NIBAO in China. Golden China Res. is listed in Australia and in Canada. Its market capitalisation is CA$ 28.4 millions as of today (US$ 28.7 millions, € 20.0 millions). Its stock quote reached its lowest recent point on February 08, 2002 at CA$ 0.01, and its highest recent level on December 22, 2006 at CA$ 2.00. Golden China Res. has 23 435 931 shares outstanding. |