GGG Ggg Resources

    Central China Goldfields plc                          

                            `GGG' or the `Company'                             

                         SNOW MOUNTAIN PROJECT UPDATE                          

                  NEW SCOPING STUDY TO BE CONDUCTED AT BAIMA                   

LONDON - 5 February 2007 - Central China Goldfields plc (AIM: GGG) reports
additional results from its Snow Mountain flagship gold project.

Highlights:

  * Recently completed preliminary resource calculations (according to the 
    Australian JORC standard) from the Songpanguo deposit resulted in a 
    resource estimate of approximately 2 Mt @ 3.22 g/t Au for approximately
    210,000 oz gold of which about 20% is in the Indicated to Measured resource
    categories.
   
  * This is more than 3.5 times the previous international standard resource
    calculations of 59,500 ounces (Canadian 43-101 standard).
   
  * In-house resource calculations show a larger tonnage at Songpanguo. With a 
    closer drill spacing, most of the in-house resource may be converted to
    international standards.
   
  * New results from tunnel PD403CM2W, also at Songpanguo, returned 4 metres @
    9.02 g/t Au and 3 metres @ 3.87 g/t Au.
   
  * Tunnel PD401CM2W, located 30 metres west and 50 metres below PD403CM2W,
    returned 3 metres @ 2. 48 g/t Au and 2 metres @ 1.42 g/t Au.
   
  * Additional results from tunnel PD421 at Songpanguo, located 200 metres
    northeast of Zone 3, returned 17 metres @ 1.22 g/t Au including 6 metres @
    2.32 g/t Au.
   
  * PD421 represents a northeastern extension of Zone 3 whereas PD403CM2W and 
    PD401CM2W represent new zones to the west of Zone 5. Neither of these new
    results are included in the present resource calculations.
   
  * The Company has also performed an in-house resource calculation for Shui
    niujia. However, as with Songpanguo, the Company needs to drill on more
    closely spaced intervals in order to apply the appropriate JORC standard 
    calculations.
   
  * The Company now plans to conduct a scoping study to assess the economics of
    the Baima area (Songpanguo, Shuiniujia, Gaojiamo and Xiang Shui Jia
    deposits which are all located within 6-8 km of each other) prior to
    conducting infill and further scout drilling.
   
  * The results, so far, have proved the concept that the Baima area is very
    prospective for Carlin-style mineralisation. The Company therefore has 
    applied for additional licences in the surrounding areas.
   
Jeff Malaihollo, Managing Director of Central China Goldfields, comments:

"We have now discovered new areas of mineralisation to the west of Zone 5 and
to the northeast of Zone 3 at Songpanguo. On the strength of these and earlier
encouraging results, we will now start a scoping study to assess the economics
of the Baima area."

GEOLOGICAL DETAILS:

Songpanguo Resource Calculations

The Company reports the results of an independent resource calculation
conducted by the Beijing Office of Micromine Consulting of Australia. The
resource estimation has been prepared in accordance with JORC Code requirements
to a scoping study level. Resource calculations were performed using the
Kriging method for gold grade interpolation, verified by Inverse distance
algorithm. This method extrapolates only up to 20-30 metres diameter from a
drill hole. The calculation uses a lower cut-off grade of 1.00 g/t Au and a top
cut-off grade of 20 g/t Au.

Micromine has calculated a total resource of about 2,027,000 t @ an average of
3.22 g/t Au (approximately 210,000 oz.), including:

110,000 t @ 3.28 g/t Au in Measured resources category,

275,000 t @ 3.68 g/t Au in Indicated resources category and

1,642,000 t @ 3.13 g/t Au in Inferred resources category.

The JORC standard resource calculations are approximately 3.5 times the
previous international standard resource calculations (Canadian 43-101
standards which was calculated by W. Robb in 2004). The inferred resources then
were 353,600 t @ 5.23 g/t Au for 59,500 oz of gold.

The Company has also performed in-house resource calculations which show larger
tonnage than the JORC calculations. The difference is related to the spacing
between drill holes. It was the Company's strategy in 2006 to demonstrate the
potential of the area and with this strategy the Company drilled 5 holes at 150
- 200 metre intervals. The larger distance between drill holes means that most
of the resources from the in-house calculations have not been converted into
JORC standard calculations.

The Company has also conducted preliminary metallurgical work which indicates
that, using 88% recovery and gold price of US$500/oz., the operational cost is
estimated to be US$17/tonne giving a break even grade of 1.2 g/t Au. This is
not a definitive costing and does not include capital expenditure.

Songpanguo Additional Results:

The Company also received additional results from the tunnelling programme at
Songpanguo. These results have not been included in the current resource
calculations.

Tunnel PD403CM2W returned 4 metres @ 9.02 g/t Au and 3 metres @ 3.87 g/t Au.
Tunnel PD401CM2W, located 30 metres west and 50 metres below PD403CM2W,
returned two intervals of 3 metres @ 2.48 g/t Au and 2 metres @ 1. 42 g/t Au.
These two intervals represent new zones to the west of Zone 5.

Tunnel PD421, located 180-200 metres northeast of Zone 3, returned 17 metres @
1.22 g/t Au, including 6 metres @ 2.32 g/t Au interval. This suggests that
mineralisation at Zone 3 may be extended a further 200 metres to the northeast.

These results suggest that additional areas of mineralisation at Songpanguo may
be discovered to the northeast and southeast, and to a limited extent to the
west, of the present deposit.

Shuiniujia:

Following the results from drilling and tunnelling this year (announced on 26
September and 24 October 2006) the Company has also performed in-house
calculations for Shuiniujia. However, as with Songpanguo, the Company needs to
drill at a closer spacing to come up with meaningful JORC standard
calculations. The Company therefore will wait for additional drilling and
tunnelling results before conducting international standard calculations.

Gaojiamo:

Trench TC15R returned 22 metres @ 0.72 g/t Au including two intervals of 2
metres @ 1.17 g/t Au and 3 metres @ 1.98 g/t Au. Trench TC29 located 75 metres
to the southeast of Trench TC15R intersected 9.30 metres @ 0.70 g/t Au with 1
metre @ 2.05 g/t Au and 1 metre @ 1.42 g/t Au (announced 1 August 2006).

Recent results from tunnel GJMPD01, which was designed to test 100 metres below
the mineralised zone intersected in trench TC15R, returned 1 metre @ 1.64 g/t
Au. Notwithstanding the tunnel results, further work is planned to test the
other parts of the vein zone. Gaojiamo, however, has been downgraded in
priority.

Regional work and Plan for 2007:

The Company now plans to conduct a scoping study to assess the economics of the
Baima area (Songpanguo, Shuiniujia, Gaojiamo and Xiang Shui Jia deposits which
are all located within 6-8 km from each other) prior to conducting infill and
further scout drilling and upgrading the JORC resource calculations.

The results so far have proved the concept that the Baima area is very
prospective for Carlin-style mineralisation. Carlin-style mineralisation
normally occurs in clusters and because of this the Company, through its Joint
Venture vehicle, has applied for additional ground surrounding the Baima area.
The exploration licence applications for these areas (159 km2) are now lodged
with the Sichuan Bureau of Land Resources.

Other matters:

Technical information in the Company news releases has been reviewed and
approved by Ciceron "Jun" Angeles (MSc. FAusIMM, CP Geo) the Company's
Exploration Manager. He is qualified as a Competent Person under the Code for
the Reporting Mineral Exploration Results, Mineral Resources and Mineral
Reserves, 2004 ("The Reporting Code") prepared by the Australasian Institute of
Mining and Metallurgy and the Australian Institute of Geoscientists.

For Further Information:

Central China Goldfields plc           Hanson Westhouse Limited              
                                                                             
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                    



END

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