Central China Goldfields plc                          

                           ("GGG" or "the Company")                            

                                                                               

PURCHASE OF 5% MINORITY INTEREST AT NIMU AND DONG MAO HUO

 

 

LONDON- 28 February 2008

 

Central China Goldfields plc (AIM: GGG) is pleased to announce that it has
acquired a further 5% interest in both CCG Copper Limited (Nimu Project) and
CCG Mining Ltd (Dong Mao Huo Project) from a minority shareholder.

 

Following the acquisition the Company now holds a 100% interest in both CCG
Copper Limited (Nimu Project) and CCG Mining Ltd (Dong Mao Huo Project). CCG
Copper Limited has the right to earn 75% of the Nimu Project and CCG Mining
Ltd. has the right to earn 80% of the Dong Mao Huo Project.

 

The consideration will be 3,136,000 new Ordinary shares ("New Shares") in the
Company at 7 pence per share. These New Shares will be subject to a lock-in
period of 12 months following Admission.

 

The New Shares will be issued and allotted and will rank pari passu with the 
existing Ordinary Shares of 1p each in the Company. The New Shares will be admitted to AIM on 5 March 2008.
 

Following the issue of the New Shares there will be 123,817,873 ordinary shares
outstanding.

 

 

 

For Further Information:

Central China Goldfields plc              Hanson Westhouse Limited     
                                                                       
Dr. Jeffrey Malaihollo Tel: 020 7621 0200 Louis Castro / Anita Ghanekar
                                                                       
Paul Mc Groary.  Tel: 07930 568160        Tel: 020 7601 6100           
                                                                       
Email: info@ccgoldfields.com                                           
                                                                       
www.ccgoldfields.com                                                   
                                                                       
                                                                       
                                                                       

 



END
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