KEY POINTS

Jinfeng

• Gold production increased by 128% to 32,186 ounces for the quarter at a cash cost of US$412/ounce, bringing production for 2007 to a total of 56,981 ounces.

• Forecast for 2008 is 170,000 to 190,000 ounces at an average cash cost of US$300/ounce.

• All production parameters, except flotation recovery, now meet or exceed design.

• 500m underground development completed during quarter and on-track to contribute to ore production from late 2008.

• Agreement reached with government on infrastructure support and taxation.?

• Drilling extended the deep zone, with a best intercept of 10m at 6.6g/t (including 5m at 11..9g/t) gold. Drilling of the upper zone returned 29m at 13.6g/t gold.

White Mountain

• White Mountain project on schedule and budget for commissioning in late 2008 and commercial production early in 2009..

• 230m of underground development completed with the decline portal and exhaust shaft established.

• Key earthworks and concrete completed to allow steel erection and tankage to commence on schedule in April 2008.

• Step-out drilling in the northeast extension intercepted 15.0m at 9.5g/t and 18.0m at 17.8g/t.

• New exploration licence issued to White Mountain JV increasing ground position to 128km2.

Golden China

• Take-over of Golden China Resources Corporation successful.

• A heap leach feasibility study has been completed for the Beyinhar project.

• Assessing development opportunities for the highly refractory Nibao deposit.

Eastern Dragon

• High-grade Eastern Dragon gold-silver deposit acquired for US$90M (72% equity).

• Exploration work on schedule to commence in April 2008.

Exploration

• A potential discovery hole at the Yandan prospect in Guangxi Province intercepted 50m of low-grade mineralisation including 5m at 4.3g/t gold.

• Sino Gold Fields Alliance entered into its first joint venture at Bengge in Yunnan Province.

• Updated resource and reserve estimates are planned to be released for Jinfeng, White Mountain and Beyinhar during the March 2008 quarter.

Corporate

• A$170 million placement to fund acquisition of Eastern Dragon and advance other projects towards production.

• Offer to convertible noteholders successfully completed.

• Net available cash of US$36 million at 31 December 2007, prior to approval by shareholders on 24 January 2008 of the US$107 million second tranche of placement.?

The complete Quarterly Report and presentation can be downloaded from www.sinogold.com.au

For further information, 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