Statement re new business licence
May 02 2006 - 6:09AM
UK Regulatory
Central China Goldfields plc
("GGG" or "the Company")
GRANTING OF
HUBEI XIANG SHUI TAN GOLD INC. BUSINESS LICENCE
LONDON - 2 May 2006 - Following our news release of 10 April 2005, Central
China Goldfields plc (AIM: GGG, GGGW) is pleased to announce that the Company
has received the Business Licence for the Sino-Foreign Joint Venture Company
called Hubei Xiang Shui Tan Gold Inc.
The Company will now start the process of transferring the Exploration Licence
from the Hubei North East Geological Team to Hubei Xiang Shui Tan Gold Inc.
Exploration work at Xiang Shui Tan will commence in early May 2006.
Details of the Xiang Shui Tan Project and the Joint Venture terms are contained
in the news release of 15 November 2005.
For further information, please contact:
Central China Goldfields plc Westhouse Securities LLP
Dr. Jeffrey Malaihollo Richard Morrison / Cailey Barker
Tel: 020 7621-0200 Tel: 020 7601-6100
Email: info@ccgoldfields.com King & Shaxson Capital Limited
www.ccgoldfields.com Nick Bealer
Tel: 020 7426-5986
Public Relations:
Parkgreen Communications
Victoria Thomas / Justine Howarth
Tel: 020 7493-3713
END
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