Central China Goldfields plc                          

                           ("GGG" or the "Company")                            

                       CENTRAL CHINA SIGNS AGREEMENT ON                        

                         COPPER PORPHYRY BELT IN TIBET                         

LONDON - 24 April 2006 - Central China Goldfields plc (AIM: GGG, GGGW), through
its wholly owned BVI-registered company Central China Minerals Ltd, has signed
an Agreement ("Agreement") with the Hubei Chuxiong Minerals Exploration and
Development Ltd ("HCMED"), a Chinese-registered company wholly owned by the
Hubei North East Geological Team ("HNEGT") to explore and apply for Exploration
Licences over the De Ming Ding area in Tibet. The area is approximately 1,789
km2 and is prospective for porphyry-type copper deposits.

  * The De Ming Ding area of interest is part of the Cu-Mo-Au belt in Tibet and
    borders the Qu Long porphyry deposit.
   
  * Central China Goldfields plc has the first right of refusal to negotiate a
    Joint Venture Agreement ("JVA") with HCMED over new Exploration and Mining
    Licences within the area of interest. The terms of the JVA will be
    negotiated on a property by property basis.
   
  * Should a JVA not be reached, Central China Goldfields plc has the right to
    match any other offer for a Joint Venture with HCMED over new Exploration
    and Mining Licences within the area.
   
  * The Agreement is valid for 1 year, starting on 1 May 2006, but will be
    extendable upon mutual consent.
   
  * Central China Goldfields has the right to evaluate available data currently
    held by HCMED. GGG and HCMED will together identify targets and apply for
    Exploration Licences within the area.
   
Dr. Jeffrey Malaihollo, Managing Director of Central China Goldfields,
commented: "This is our second Agreement with the Hubei North East Geological
Team, following the Xiang Shui Tan Joint Venture. This Agreement has given
Central China Goldfields access to a large and very prospective porphyry copper
belt in Tibet. We very much look forward to a fruitful relationship with
HNEGT."

Location:

The De Ming Ding area is located about 60 km east of Lhasa, the capital of
Tibet. The area of interest borders the Qu Long porphyry deposit (which is not
part of the Agreement) that is reported to host a large copper porphyry deposit
containing 5 million tonnes of copper metal, 35,000 tonnes of molybdenum and
3,200 tonnes of silver.

The Agreement:

Central China Goldfields plc, through its 100% owned BVI-registered company
Central China Minerals Ltd, has the first right of refusal to negotiate a JVA
over any new Exploration and Mining Licences in the area of interest. The terms
of the JVA will be negotiated on a property by property basis. Should a JVA not
be reached, Central China Goldfields plc has the right to match any other offer
for a Joint Venture with HNEGT over new Exploration and Mining Licences within
the area.

HNEGT, through its wholly owned subsidiary Hubei Chuxiong Minerals Exploration
and Development Ltd, is currently conducting a grass root mineral exploration
survey (1:50,000 scale) in the area. The survey includes stream sediment
sampling and geological reconnaissance. Central China Goldfields has the right
to evaluate available data currently held by HCMED. GGG and HCMED will together
identify targets and apply for Exploration Licences within the area.

The Agreement is valid for 1 year, starting on 1 May 2006. The Agreement can be
extended by mutual consent. GGG will be paying a monthly fee of RMB 50,000
(approximately US$ 6,250) during the period of Agreement.

Geology:

The area is underlain by Middle-Late Jurassic - Palaeogene Gangdise
continental-margin volcanic arc. There are several mineral occurrences in the
Gangdise continental-margin volcanic-magma arc, of which the Qu Long porphyry
copper and Jia Ma copper skarn deposits are the largest. These occurrences are
interpreted to be associated with various stages of evolution of the Gangdise
arc.

Snow Mountain and Dong Mao Huo:

The Company is also pleased to report that drilling has commenced at the Baima
area (Songpanguo deposit) in the Snow Mountain area.

Further to the announcement of 11 April 2006, the Company is also happy to
report that Legal and Technical due diligence, by independent third parties, on
the Dong Mao Huo Mine has also started.

Technical information in Company news releases has been reviewed by Ciceron
Angeles MSc. FAusIMM who is the Company's Exploration Manager and is qualified
as a Competent Person under the Code for the Reporting Mineral Exploration
Results, Mineral Resources and Mineral Reserves ("The Reporting Code") prepared
by the Australasian Institute of Mining and Metallurgy.

For further information, please contact:

Central China Goldfields plc           Nominated Advisor:                    
                                                                             
Dr. Jeffrey Malaihollo                 Ruegg & Co Limited                    
                                                                             
Tel: 020 7621-0200                     Brett Miller                          
                                                                             
Email: info@ccgoldfields.com           Tel: 020 7584-3663                    
                                                                             
www.ccgoldfields.com                                                         
                                                                             
Public Relations:                      Brokers:                              
                                                                             
Parkgreen Communications               Westhouse Securities LLP              
                                                                             
Victoria Thomas / Justine Howarth      Richard Morrison / Cailey Barker      
                                                                             
Tel: 020 7493-3713                     Tel: 020 7601-6100                    
                                                                             
                                       King & Shaxson Capital Limited        
                                                                             
                                       Nick Bealer                           
                                                                             
                                       Tel: 020 7426-5986                    



END



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