VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/28/10 -- Jinshan Gold Mines Inc. (TSX: JIN) is pleased to announce that its largest shareholder, China National Gold Group Corporation, has consented to an extension regarding the Jinshan Gold Mines Cdn.$7,500,000 Promissory Note (Note C), issued on June 26th, 2007 and originally scheduled to mature on June 26th, 2010. The promissory note shall now mature on June 26th, 2011 or such earlier date on which the principal of the promissory note shall become due and payable pursuant to the terms of the Indenture governing the promissory note. No other terms of the promissory note have been affected. This consent to the extension again demonstrates the commitment China National Gold Group has to Jinshan Gold Mines.
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. Jinshan's shares are listed on the TSX under the symbol 'JIN'. China National Gold Corporation, a Chinese state-owned enterprise and the largest gold producer in China owns approximately 39% of Jinshan's shares.
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
(604) 695-5032
info@jinshanmines.com
www.jinshanmines.com
