China Kingstone Strengthens Marketing Strategies

Forging Strategic Partnership with Indonesia's PT DAYACAYO ASRITAMA

HONG KONG, Dec. 6, 2011 /PRNewswire-Asia/ -- China Kingstone Mining Holdings Limited ("China Kingstone" or the "Company"; stock code: 1380.HK), the largest marble producer in China, announced that it entered into a strategic investment agreement with Indonesia's PT DAYACAYO ASRITAMA on 11 November 2011. PT DAYACAYO ASRITAMA has become the Company’s global partner in marble mine investment, marble mining and marketing.

PT DAYACAYO ASRITAMA is a mining company in Indonesia having quality mines. Upon the establishment of the agreement, the Company will inject capital into PT DAYACAYO ASRITAMA for stepping up mining equipment and improving mining conditions to enhance marble mining volume and quality as well as marketing capability, branding strategies and pricing advantages in the end market. According to the agreement, the Company will source marbles from PT DAYACAYO ASRITAMA at agreed prices and obtain global exclusive rights for selling 21 types of premium, well-known and precious marbles owned by PT DAYACAYO ASRITAMA. The initial term of agreement is three years.

Ms. Chen Tao, Chairlady and Chief Executive Officer of China Kingstone, said, "We have strived to explore potential markets. Through our strategic partnership with Indonesia's PT DAYACAYO ASRITAMA, we will obtain global exclusive rights for selling 21 types of premium, well-known and precious marbles owned by PT DAYACAYO ASRITAMA. The schedule and the volume of mining are decided according to China Kingstone's marketing strategies and executed by PT DAYACAYO ASRITAMA. This will not only expand our sales channels and strengthen our marketing strategies, but also increase our competitiveness. Furthermore, the agreement will enable the achievement of mutual benefit and the development of the Company into a large-sized, market-oriented multinational enterprise. We will continue to seek projects with investment potential to fulfill our objective of becoming the best integrated marble operator and generating more fruitful returns for our shareholders."

About China Kingstone Mining Holdings Limited

China Kingstone is the largest marble producer in China. It owns and operates two marble mines in Sichuan, namely the Zhangjiaba Mine and the Tujisi Mine. The Zhangjiaba Mine is the largest beige marble mine in China in terms of marble reserves, according to a certification issued by CSMA, containing 44.2 million cubic meters of measured and indicated marble resources and 16.8 million cubic meters of blocks. The Tujisi Mine contains 6.1 million cubic meters of measured and indicated marble resources and a block rate of at least 20%. The Company's principal products are premium beige marble slabs and blocks. China Kingstone has been successfully listed since 18 March 2011 on the Main Board of the Stock Exchange of Hong Kong Limited.

Issued by Porda Havas International Finance Communications Group for and on behalf of China Kingstone Mining Holdings Limited. For further information, please contact: