China Gold International Announced 2010 Annual Results

Revenues Increase by 64.3% to US$ 133.2 Million

Achieves Strong Turnaround with Total Comprehensive Income for the Year of US$ 27.4 Million

HONG KONG, March 31, 2011 /PRNewswire-Asia/ --

Financial Highlights

China Gold International Resources Corp. Ltd. ("China Gold International" or the "Company", together with its subsidiaries the "Group"; TSX: CGG, HKEx: 2099), today announced its annual results for the year ended 31 December 2010 ("year under review").

During the year under review, the Company achieved revenues of US$133.2 million, representing an increase of 64.3% from the corresponding period last year. Mine operating earnings for the same period have increased significantly by 159.6%, reaching approximately US$64.6 million. Gross profit margin for the same period increased by 17.8% points from 30.7% to 48.5%. For the year ended 31 December 2010, the Company has achieved strong turnaround with total comprehensive income for the year under review amounted to US$27.4 million, well exceeding the profit forecast for the year ended 31 December 2010 stated in the prospectus. Net profit margin was 20.6% for the year ended 31 December 2010. Basic earnings per share were US 13.82 cents. The Board of Directors the Company does not recommend the payment of a final dividend for the year ended 31 December 2010.

Mr. Sun Zhaoxue, Chairman of China Gold International, stated "2010 was a transformational year for our Company in both business and corporate developments. With the successful listing of the Company on the main board of the Hong Kong Stock Exchange on 1 December 2010, we have realized gross proceeds of approximately HK$ 2.4 billion in supporting our future business growth. By then, we are well positioned to identify and capture attractive overseas acquisition opportunities as well as developing our existing mines."

During the year under review, the Company has acquired 100% of the Jiama Mine on 1 December 2010. Located in Tibet, China, the Jiama Mine is one of the largest copper-gold polymetallic mines in China, consisting of copper, molybdenum, gold, silver, lead and zinc and commenced its commercial production in September 2010. The successful acquisition of the Jiama Mine has added a second producing mine to the Company's mineral portfolio, thus further enriching its mine resources and reserves.

Operational enhancement has long been one of the key focuses of the Company's development strategies. During the year under review, the Company has strived to enhance its production facilities and production has been improved significantly at its CSH Mine. Operational enhancement at the CSH Gold Mine included leach pad extension, addition of five new CIC columns, buried drip meters and securing additional water for the processing plants. In addition, the Company also successfully completed its diamond drilling plan on eight holes (4,187.57 meters) at its CSH Mine, intercepting mineralization at depth for six holes and discovering anomalous gold values in the two holes drilled to test for the surface trenching intercepts. In addition, the Company successfully completed its planned 50,000 meter drilling program from ninety-five holes at its Jiama Mine. The high drilling success rate of 95%, confirmed that the high-grade skarn type mineralization is continuous in the licensed area and should result in an expanded resource estimate of skarn and hornfels type mineralization. A new standalone high grade quartz diorite porphyry type gold mineralization zone was also identified which may add a significant amount of gold resource to the Jiama Mine.

Benefitted from the above acquisitions and operational enhancements, the Company has achieved a notable growth in its operational performance. Total gold production increased from 83,570 ounces from the corresponding period last year to 111,434 ounces for the year ended 31 December 2010.

Going forward, the Company will continue to grow and further expand its business development. In terms of production output, budgeted production at the CSH Mine and Jiama Mine in 2011 will be at approximately 125,000 ounces of gold and 1.5 million tonnes respectively. For operational enhancement, a three year exploration program has been planned for the CSH Mine for fully evaluate the potential for gold mineralization. In addition, the Company is now conducting a mine plan and reserve analysis with the view to increasing the size and scope of the phase II expansion of its mining operations in Jiama. This process is expected to culminate in an updated feasibility study, currently anticipated to be completed in the second quarter of 2011. An aggressive three year exploration program is also planned for the Jiama Mine with updated drilling targets in 2011 with a particular focus on upgrading and increasing resources.

"As the only overseas listing vehicle and flagship company of the China National Gold Group Corporation ("CNG") with great support from major shareholder, we will continue to identify potential international projects that can be readily and quickly brought into production so as to fulfill our growth strategy. Our objective is to identify projects that may also include the potential for further exploration to increase upon the existing resource base. Moving ahead, we are well positioned to become the leading mine operator and is fully committed to our overall business development so that we could provide solid returns to our stakeholders." Mr. Sun concluded.

About China Gold International Resources Corp. Ltd

China Gold International is the overseas flagship company of China National Gold Group Corporation.  The Company owns and operates the CSH Gold Mine in Inner Mongolia, China and the Jiama Copper Pollymetallic Mine in Tibet, and has an exclusive mandate to develop the mining business of the China Gold Group internationally.  The Company is dual-listed on the Toronto Stock Exchange and the HKSE.

For enquiries, please contact:

China Gold International Resources Corp Ltd.

Mr Frank Lagiglia     +1 778 668 9883                    info-chinagoldintl@chinagoldintl.com

Porda Havas International Finance Communications Group