Monterrey Investment Management reports the acquisition of shares in Golden China Resources Corporation

    MELBOURNE, Australia, Oct. 29 /CNW Telbec/ - Monterrey Investment
Management ("Monterrey") announced today the acquisition of shares of Golden
China Resources Corporation ("Golden China").
    Since 24 October 2007, the date on which Sino Gold Mining Ltd commenced
its bid for Golden China, Monterrey or nominees on its behalf have acquired
100,000 Common Shares through the facilities of the Toronto Stock Exchange,
and 2,673 Chess Depository Interests on the Australian Securities Exchange
(together "Shares") of Golden China. As a result, Monterrey and nominees
holding Shares on its behalf currently own or exercise control over
4,781,264 Shares of Golden China, representing approximately 7.7% of the
outstanding Shares based on 62,073,879 outstanding common shares as reported
by Golden China.
    The Shares were acquired for investments purposes. Depending on market
conditions and other factors, Monterrey may from time to time acquire
additional securities of Golden China or dispose of such securities in the
open market, by private agreement or otherwise.

For further information:

For further information: Monterrey Investment Management, +61 3 8602

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