GGG Ggg Resources

    Central China Goldfields plc                          

                            (GGG or the 'Company')                             

                            PROJECT RATIONALISATION                            

London, 28 September 2006 - Central China Goldfields plc (AIM: GGG), the
mineral exploration and development company operating in China, has notified
its partner, the Sichuan Bureau of Metallurgy and Geological Exploration
("SBMGE"), that it will reduce the Exploration Licences at its `flagship' Snow
Mountain joint venture project ("Snow Mountain") from seven licences to six
licences.

The Company will return the Erdaqiao Licence back to the SBMGE. The decision
was taken for two reasons. Firstly, the Erdaqiao property is located close to a
nature reserve and a major tourist road, which ultimately increases the risk of
a Mining Licence not being granted.

Secondly, the Company has recently entered into an agreement to earn 51% of
Majestic Gold Corporation's mining assets in China, including the Song Jia Guo
deposit which is near term production.

GGG remains committed to the Snow Mountain project and will be retaining the
following six licences in the project: Hujiagou (incl. Songpanguo), Shuiniujia,
Gaojiamo, Xiangshuijia, Qiaoqiaoshang and Shangpengzi. The Company is currently
conducting drilling, trenching and tunnelling work in the Songpanguo,
Shuiniujia and Gaojiamo licence areas.

As a result of the reduction in the number exploration licences, the Company's
joint venture commitment will be reduced by US$ 0.87 million. GGG can therefore
earn its 75% share in Snow Mountain by spending US$ 6.81 million, compared to
US$ 7.68 million, over a six year period, which commenced on 2 December 2004.
The US$ 6.81 million joint venture commitment also includes a lower cash
payment of US$ 0.53 million over 3 years. To date the Company has spent
approximately US$ 2 million in exploration costs, and has made a cash payment
of US$ 0.2 million.

Jeff Malaihollo, Managing Director of Central China Goldfields, comments:

"Our expansion strategy is based on advancing the assets with the best
prospects, and divesting properties that carry the greatest risk. We will
continuously assess our portfolio of projects and take the appropriate
measures."

For further information, please contact:

Central China Goldfields plc           Hanson Westhouse LLP                  
                                                                             
Dr. Jeffrey Malaihollo                 Anita Ghanekar / Cailey Barker        
                                                                             
Tel: 020 7621 0200                     Tel: 020 7601 6100                    
                                                                             
Email: info@ccgoldfields.com                                                 
                                                                             
www.ccgoldfields.com                                                         
                                                                             
Gresham PR Ltd                         King & Shaxson Capital Limited        
                                                                             
Neil Boom                              Nick Bealer                           
                                                                             
Tel: 020 7404 9000                     Tel: 020 7426 5986                    

Notes to Editors:

About Central China Goldfields:

AIM quoted Central China Goldfields plc (AIM: GGG) develops and explores for
economically mineable Gold, Copper and Silver projects in China focusing on
areas with historical production where modern mine extraction methodology have
been under utilised. The Company's core skill is to move under-valued
exploration assets quickly through to mine ready deposits. The Company is keen
to grow through exploration, development and acquisitions.

The Company's property portfolio is currently made up of four flagship
projects: the Snow Mountain Project in Sichuan Province (Carlin style) and the
Nimu Copper-Molybdenum Project in Tibet (copper oxide). Following the
finalisation of the joint venture with Majestic Gold Corporation the Company
will also earn interests in the near-production Song Jia Gou deposit, which has
a pilot mining plant and an extensive underground development, and the
Sawayaerdun deposit in the prolific Tian Shan gold belt.

The Company also has three other projects: the Dong Mao Huo Mine in Nei Menggu
(oxide gold), the De Ming Ding Project in Tibet (porphyry copper) and the Xiang
Shui Tan Silver-Gold Project in Hubei Province (vein type).

The Company and its local partners have defined a total of 1,300,000 ounces of
gold and >600,000 tonnes of contained copper in these projects (all Chinese
standards).

All properties are under-explored and Central China is actively developing
these projects, including a drilling programme at Snow Mountain and geophysical
survey at Nimu.



END

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