VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/16/10 -- Jinshan Gold Mines Inc. (TSX: JIN) (the 'Company') is pleased to announce that it will change its name to China Gold International Resources Corp. Ltd. effective July 19th, 2010. The new TSX symbol will be 'CGG'. The name change was approved by the shareholders of the Company on June 17th, 2010 at the Company's annual general meeting. The name change demonstrates full commitment and support of China National Gold Group Corporation ('China National Gold') to the Company to serve as its international vehicle. China National Gold is the only enterprise directly supervised by the State Council in the PRC that focuses on the exploration, mining, gold smelting, refining, processing and gold sales. China National Gold is the largest gold producer in the PRC by gold output (calculated based on total output of finished gold produced from mines and from gold) and also has active operations involving other non-ferrous mineral assets. The Company is also actively exploring business opportunities regarding gold and non-ferrous projects. Further updates will be forthcoming in future news releases on the status of these developments.
As of June 17th, 2010, Mr. Xiangdong Jiang has been elected as a director of the Company. Mr. Jiang also serves in a management capacity as the Vice President of Production.
About Jinshan
Jinshan is a mining company whose principal property is the CSH Gold Mine. Jinshan began producing gold at the CSH Gold Mine in July 2007 and is actively advancing its portfolio of gold exploration properties in China. Jinshan's shares are listed on the TSX under the symbol 'JIN', but will be listed and commence trading under the symbol 'CGG' on July 19th 2010.
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 MD&A, financial statements and other periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. Jinshan does not assume the obligation to update any forward-looking statement, except in accordance with applicable securities laws.
Contacts:
Jinshan Gold Mines Inc.
Frank Lagiglia
Investor Relations Manager
+1.604.695.5032
info@jinshanmines.com
www.jinshanmines.com
