Sino Gold and Golden China Announce Mailing of Take-Over
Bid Circular and Directors' Circular

Toronto, ON - October 24, 2007 - Sino Gold Mining Limited (together with its subsidiaries, "Sino Gold") (ASX: SGX, SEHK: 1862) and Golden China Resources Corporation ("Golden China") (TSX/ ASX: GCX) announced the mailing today of the Sino Gold take-over bid circular and the Golden China directors' circular in connection with the previously announced Offer of Sino Gold for all of the outstanding Golden China common shares. 

Under the Offer, Golden China shareholders will receive 0.2222 of a Sino Gold share for every Golden China common share they hold. The Offer implies a value for each Golden China share of C$1.55 (A$1.80) based on the closing price of Sino Gold shares on ASX of A$8.11 on 19 October 2007 (the "Implied Offer Price"). The Implied Offer Price represents a premium of 83% to the closing price of Golden China shares on the TSX of C$0.85 (A$0.95) on 10 August 2007, the last trading date prior to announcement of the Offer.

This Offer will be open for acceptance until 11:59 p.m. (Vancouver, Canada time) on November 29, 2007 / 6:59 p.m. (Sydney, Australia time) on November 30, 2007.

Full details of the Offer, including the conditions thereto, are contained in the Sino Gold take-over bid circular which, together with the Golden China directors' circular, have been mailed to Golden China securityholders and have also been filed on Sedar at www.sedar.com.

For further information regarding Sino Gold please contact:

Investor Enquiries:  
Jake Klein, CEO or Roger Howe, Investor Relations
+61 2 8259 7000, info@sinogold.com.au

Media Enquiries:   
Kate Kerrision
+61 2 6746 3221, kate@katekerrison.com.au

Or visit the Sino Gold website www.sinogold.com.au

For further information regarding Golden China please contact:

Investor Enquiries:  
Greg Starr, President & CEO
+61 2 9252 8055, gbstarr@goldenchina.ca
or
Garry Stein, Vice President & Chief Investment Officer
+1 416-366-8818 Ext. 235, gstein@goldenchina.ca

Media Enquiries:   
Kristen Humphrey, Communications Manager
+1 416-366-8818 Ext. 230, khumphrey@goldenchina.ca 
or
Renmark Financial Communications Inc.
Barbara Komorowski : bkomorowski@renmarkfinancial.com
Julien Ouimet : jouimet@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com

Or visit the Golden China website www.goldenchina.ca 

Cautionary Statement on Forward-Looking Information

Certain information included in this release, including any information as to future financial or operating performance and other statements that express expectations or estimates of future performance, constitute "forward-looking statements". The words "expect", "will", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of Sino Gold and Golden China (collectively, the "Companies"), as applicable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Companies caution the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of each of the Companies, as applicable, to be materially different from t heir respective estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: changes in the worldwide price of gold or certain other commodities (such as fuel and electricity) and other currencies; changes in U.S. dollar interest rates or gold lease rates; risks arising from holding derivative instruments; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Companies carry on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves, adver se changes in our credit rating, contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. These factors are discussed in greater detail in the Companies respective statutory releases filed with the Australian securities regulatory authorities and in Golden China's most recent Annual Information Form filed with the Canadian provincial securities regulatory authorities.

Each of the Companies disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

NONE OF THE TSX, THE ASX NOR THE HKSE HAVE REVIEWED OR ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.