CHINA OPPORTUNITY INC. ANNOUNCES CLOSING OF SALE OF SEED SHARES

Symbol: COC: TSX Venture Exchange Inc.

TORONTO, Dec. 17 /CNW/ - China Opportunity Inc. (the "Corporation") announces the closing of the previously announced sale of 4,350,000 seed shares (the "Shares") of the Corporation by certain non-Canadian shareholders of the Corporation. 90% of the Shares are subject to escrow restrictions.

In connection with the closing of the transaction, all of the directors and officers of the Corporation resigned other than Yaron Conforti and Carmelo Marrelli.  The directors of the Corporation are J.D. Miller, Gordon Halliday, Andrew Parsons, Yves Grou and Yaron Conforti, and the officers are J.D. Miller, Interim Chief Executive Officer, Solomon Bierbrier, Secretary, and Carmelo Marrelli, Chief Financial Officer.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE CHINA OPPORTUNITY INC.

For further information: For further information:

China Opportunity Inc.
Sol Bierbrier
Secretary
Phone: (514) 932-2797

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CHINA OPPORTUNITY INC.

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