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China Shen Zhou Mining & Resources, Inc. Obtains Renewal of Fluorite Mining License in Inner Mongolia

BEIJING, April 30 /Xinhua-PRNewswire-FirstCall/ -- China Shen Zhou Mining & Resources, Inc. (Amex: SHZ) ("China Shen Zhou", or "the Company"), a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced that it has received approval for the renewal of its mining license at one of its subsidiaries, Inner Mongolia Xiangzhen Mining Co., Ltd ("Xiangzhen Mining"), from the Bureau of Land and Resources, Wulanchabu City. The period for the renewed license is three years, starting April 2008.

Xiangzhen Mining owns a high-grade fluorite mine in China, Sumochaganaobao Fluorite Mine, located in Siziwangqi, Wulanchabu City, Inner Mongolia Autonomous Region.

"We are very pleased to obtain the renewed mining license for fluorite in Inner Mongolia, especially when we are enjoying a favorable pricing environment amidst robust demands for fluorite products in China," said Ms. Jessica Yu, CEO and Chairwoman of China Shen Zhou. "We are committed to taking advantage of our new extraction and processing capacity with the renewed license."

About China Shen Zhou Mining & Resources, Inc.

China Shen Zhou Mining & Resources, Inc., through its subsidiary, American Federal Mining Group ("AFMG"), is engaged in the exploration, development, mining, and processing of fluorite and nonferrous metals such as zinc, lead and copper in China. The Company has the following principal areas of interest in China: (a) fluorite exploration and extraction in the Sumochaganaobao region of Inner Mongolia; (b) zinc/copper/lead exploration, mining and processing in Wulatehouqi of Inner Mongolia; and (c) zinc/copper exploration, mining and processing in Xinjiang. In addition, AFMG owns 100% of Kichi-Chaarat Closed Joint Stock Company, whose major assets include a copper-gold mine located in the Kuru-Tegerek region of western Kyrgyzstan.

For more information, please visit http://www.chinaszmg.com/

Safe Harbor Statement

Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People’s Republic of China, variations in cash flow, fluctuation in mineral prices, risks associated with exploration and mining operations, and the potential of securing additional mineral resources, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

For more information, please contact:

In China:

Sterling Song

Senior Investor Relations Manager

China Shen Zhou Mining & Resources, Inc.

Tel: +86-10-6887-2811

Email: investor@chinaszky.com

Web: http://www.chinaszmg.com

In the U.S.:

Valentine Ding

Investor Relations

The Global Consulting Group

Tel: +1-646-284-9412

Email: vding@hfgcg.com

Source: China Shen Zhou Mining & Resources, Inc.
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