GGG Ggg Resources

    Central China Goldfields plc                          

                           ("CCG" or "the Company")                            

                 XIANG SHUI TAN JOINT VENTURE AGREEMENT SIGNED                 

Beijing - 15 November 2005 - Central China Goldfields plc (AIM: GGG, GGGW),
through its wholly owned BVI-registered subsidiary Central China Minerals
Limited ("CCM"), has now entered into a Cooperative Joint Venture Contract
("Joint Venture") with the Hubei North East Geological Team ("HNEGT") over the
Xiang Shui Tan Project ("XST") in the Luotian County, Hubei Province. This
follows the signing of the Memorandum of Understanding between CCG and HNEGT on
4 July 2005. The name of the Cooperative Joint Venture Company is "Hubei Xiang
Shui Tan Gold Inc".

Dr. Jeffrey Malaihollo, Managing Director, commented: "The XST Project
complements our Snow Mountain Project. XST is a high grade gold project with
significant silver and, in some areas, substantial base metal credits. The
existing work, including extensive underground development from small-scale
mining, and the smaller size of the property means that we can quickly add
value to the property. We are particularly excited about the possibility of
porphyry copper-gold mineralisation which we believe may be underlying the
whole XST Project. This is our second Joint Venture in China and we are now on
the way to building up a high quality projects in China".

Fuller details of the XST Project and terms of the Joint Venture were outlined
in a news release of 5 July 2005. Highlights of the property and the agreement
include:

  * The Xiang Shui Tan Project in Hubei Province covers an area of 21 km2. It
    has a resource, reported to various Chinese standards, of some 200,000
    ounces of gold, 4 million ounces of silver, with base metal credits.
   
  * The Project includes four high-grade deposits, one polymetallic
    Gold-Silver, Copper, Lead and Zinc deposit and three Gold-Silver deposits.
    The average grades are about 9.2 gramme/tonne gold.
   
  * CCM can earn 70% interest in Hubei Xiang Shui Tan Gold Inc, by spending RMB
    8.58 million (approximately US$ 1 million) over 3 years. Upon earning the
    70%, should HNEGT choose not to contribute further, CCM can increase its
    interest to 85%. On dilution to 15% HNEGT would be free-carried. The total
    costs of investment would be returned to the participants prior to
    distribution of profit.
   
The Company believes that there is potential to identify additional gold,
silver and base metal mineralisation that occurs in a series of quartz veins
along major structures within the XST Project. Limited drill hole and adit
intersections indicate grades in some of the veins to average between 8 and 14
gramme/tonne gold. There is also alteration associated with gold and copper
which may indicate XST's proximity to porphyry copper - gold mineralisation as
seen in the lower Yangtze valley. The Company will apply various geophysical,
geochemical, mapping and remote sensing techniques to delimit the known veins
and potentially identify underlying porphyry targets.

The Company, together with the HNEGT, have started the process of applying for
the Chinese Government's approval of the Joint Venture and for the issuance of
Hubei Xiang Shui Tan Gold Inc.'s Business Licence.

Between 15-17 November 2005, the Company will be presenting at the China Mining
Conference in Beijing. A version of the presentation will be made available on
the Company's website after the Conference.

The Company also wishes to announce that it has granted 500,000 warrants
exercisable at 8p until 11 November 2007 to Central China Goldfields Plc's
Chinese managers. A complete list of outstanding warrants is available on our
website.

Ends

Enquiries:

Central China Goldfields plc            Nominated Advisor:                     
                                                                               
Dr. Jeffrey Malaihollo                  Ruegg & Co Limited                     
                                                                               
Tel: 020 7621-0200                      Brett Miller                           
                                                                               
Email: jeff@ccgoldfields.com            Tel: 020 7584-3663                     
                                                                               
www.ccgoldfields.com                                                           
                                                                               

Public Relations:                       Broker:                                
                                                                               
Parkgreen Communications                King & Shaxson Capital Limited         
                                                                               
Victoria Thomas / Justine Howarth       Nick Bealer                            
                                                                               
Tel: 020 7493-3713                      Tel: 020 7426-5986                     

Notes to Editors

Central China Goldfields plc is focused on exploration, discovery and
development of gold deposits in the People's Republic of China. The Company has
two properties: the Snow Mountain Gold Project in the Sichuan Province, which
has potential for hosting Carlin-like deposits and the recently acquired Xiang
Shui Tan Project in Hubei Province. CCG also has first right of refusal to
apply for licences over two areas totalling 4,600km� with the western Qinling
Belt.

The XST Project in Hubei Province is located about three hours' drive to the
northeast of the capital of Hubei Province, Wuhan. There is a sealed road up to
10 km from the property. Wuhan is served by an international airport with
regular connections to Hong Kong, Beijing, Shanghai and Chengdu (where CCG's
regional office is located). The XST Project consists of four separate deposits
and two prospects; mineralisation appears to be associated with Yanshanian
(Mesozoic) intrusives (granodiorite) and controlled by NNE-SSW and E-W faults.



END

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