Golden China Releases Fiscal 2008 Q1 Results

Toronto, Ontario, November 13, 2007 - Golden China Resources Corporation (GCX: TSX; ASX) today released its unaudited financial results for the three months ended September 30, 2007.

The Corporation reported $10.35 million of revenue for Q1 Fiscal 2008, which contrasts with nil for the comparable period of its 2007 financial year.  All revenue was recognized by Golden China's BioGold gold processing facility in Shandong Province, acquired by the Corporation in December 2006 as part of its business combination with Michelago Limited of Australia.

For the quarter ended September 30, 2007, the Corporation incurred a net loss of $6.39 million, or $0.12 per share, comparing with a net loss of $1.12 million ($0.06 per share) for the same period in Fiscal 2007.  The increased year-over-year net loss was mainly due to a $3.19 million one-time consulting fee charged in relation to the acquisition of Golden China Management Inc. (see press release dated August 9, 2007) as well as higher general, administrative, and office expenses incurred as a result of amplified business activities following Golden China's business combination with Michelago. 

On September 7, 2007, Sino Gold agreed, subject to certain terms and conditions, to make a take-over offer (the "Offer") for all of the shares of Golden China. Under the terms of the Offer, Golden China shareholders and CDI holders will receive 0.2222 of a Sino Gold share for every Golden China common share they hold. Details are available in Sino Gold's Offering Circular and Golden China's Directors' Circular, which were mailed to Golden China shareholders on October 24, 2007.  The documents are also available on SEDAR at www.SEDAR.com and the ASX at www.asx.com.au. 
 
For a detailed analysis of Golden China's operational and financial results for the quarter ended September 30, 2007, please refer to the company's Management's Discussion and Analysis, and financial statements and notes thereto, available on Golden China's website ( www.goldenchina.ca), SEDAR (www.SEDAR.com), and the Australian Stock Exchange (www.ASX.com).

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 Stock Exchange and the Australian Securities Exchange under the symbol GCX.

On August 13, 2007 Golden China announced an Agreement to be acquired by Sino Gold Mining Ltd. whereby Golden China shareholders would receive one Sino Gold share for every 4.5 Golden China common shares they hold.  A definitive support agreement was signed on September 7, 2007 and on September 18, 2007 Sino Gold purchased from treasury 5,882,352 million shares of Golden China representing 9.5% of the issued and outstanding shares of the Corporation.

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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.

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