Golden China Closes Private Placement Offering Gross Proceeds of C$5 Million Raised



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    TORONTO, Sept. 18 /CNW Telbec/ - Golden China Resources Corporation
(GCX: TSX; ASX) announces that it has issued 5,882,352 common shares at a
price of C$0.85 per share on a private placement basis to Sino Gold Mining
Limited, raising C$5,000,000. As a result of the private placement, Sino Gold
now owns approximately 9.5% of the issued and outstanding Golden China common
shares.
    Net proceeds of the financing will be used for feasibility study work at
Golden China's Beyinhar gold project as well as for working capital purposes.
    The financing follows the signing of a definitive support agreement
between Sino Gold and Golden China on September 7, 2007, under which Sino Gold
had committed to the private placement and to make a takeover bid for all of
the outstanding common shares of Golden China. It is expected that formal
documentation for the offer (a takeover bid circular from Sino Gold and a
Golden China directors' circular) will be sent to Golden China shareholders in
October 2007.

    This news release does not constitute an offer to sell or a solicitation
of an offer to sell any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.

    About Golden China Resources Corporation:

    Golden China Resources Corporation is a significant participant and
consolidator in the Chinese precious metal industry and one of the largest
producers of gold in China. The company is using its extensive knowledge of
the Chinese marketplace and best practices based on established international
standards in building a diversified gold business focused on exploration and
development, operations, and corporate development in the Chinese precious
metal industry. Golden China's shares are listed on the main boards of both
the Toronto Stock Exchange and the Australian Securities Exchange under the
symbol GCX.

    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 periodic filings with Canadian securities
regulatory authorities. Such information contained herein represents
management's best judgment as of the date hereof based on information
currently available. The Company does not assume the obligation to update any
forward-looking statement.

    THE TSX AND ASX HAVE NOT REVIEWED AND DO NOT ACCEPT RESPONSIBILITY FOR
    THE ADEQUACY OR ACCURACY OF THE RELEASE.
    %SEDAR: 00009239E




For further information:

For further information: Golden China Resources Corp.: Kristen (Boucher)
Humphrey, Communications Manager, (416) 366-8818 ext. 230,
khumphrey@goldenchina.ca, www.goldenchina.ca; Renmark Financial Communications
Inc.: Barbara Komorowski: bkomorowski@renmarkfinancial.com; Julien Ouimet:
jouimet@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com

Organization Profile

GOLDEN CHINA RESOURCES CORPORATION

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