Golden China Issues Common Shares in Payment of Debenture Interest

    TORONTO, Aug. 3 /CNW Telbec/ - Golden China Resources Corporation
(GCX: TSX; ASX) announces today that it has issued and delivered
438,064 common shares of the Company ("Common Shares") in payment of
$310,500 in interest due as of July 31, 2007 upon the election of certain
debentureholders in accordance with the terms of the debentures of the Company
(the "Debentures") to receive the interest payable thereon in the form of
Common Shares rather than cash. The Debentures were issued in April 2006
pursuant to a subscription receipts financing.

    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