GGG Ggg Resources

    Central China Goldfields plc                          

                            ("the Company or GGG")                             

                                  AGM UPDATE                                   

19 August 2008

Central China Goldfields plc is pleased to provide an update which will be made
available to shareholders attending today's annual general meeting.

Snow Mountain payment approved

The Company has now received the necessary approval from both the Central and
Provincial Governments authorising the final payment in respect of the sale of
its interest in the Snow Mountain Project to the Sichuan Bureau of Metallurgy
and Geological Exploration ("SBMGE").

The formal transfer of the Company's interest in the Snow Mountain Project can
now be undertaken by the Sichuan Administration Bureau for Commerce and
Industry, who act as the transfer agents in this matter, following the receipt
of the final approval by the necessary government agencies.

The bulk of RMB 35 million will be used to accelerate the drilling and
trenching programme currently underway at the Nimu Project.

Nimu drilling expanded

Progress to date at the Nimu copper project indicates that there is significant
potential for at least one major copper discovery with enriched copper oxides
near the surface.

Drilling during the 2007 and 2008 exploration programmes in the Guqing area of
the Gangjiang Licence at Nimu has, following the success of drill holes
GJ07-10, 13 and 14, delineated an area of mineralisation measuring
approximately 460 metres long, 150 metres wide and 250 metres deep, with hole
GJ13 intersecting 94.5 metres of 0.92% copper equivalent, 3.5 metres from the
surface. Much of the near surface mineralisation consists of supergene oxide
copper which may be amenable to low cost SX/EW copper processing. Drill holes
GJ11 and GJ12 confirmed the likely southern boundary of the mineralisation
which is open to the north.

Central China has now tested a second area, East Nading, situated 900 metres
north of Guqing and is awaiting the assay results for drill hole GJ15. This
area was previously drilled successfully in 2007 with drill hole GJ02 returning
44.7 metres at approximately 0.5% copper equivalent from starting 11 metres
from the surface.

The rig has now been moved again and the company is in the process of drilling
a third area, Gelong, situated 800 metres north of East Nading. This was
previously drilled and the results announced in August 2007. Hole GJ05
intersected a series of mineralised zones, including 37 metres at 0.43% copper
equivalent and 31 metres at 0.61% copper equivalent.

Dong Mao Huo Gold Mine

The Company is currently actively working to bring its historical Dong Mao Huo
gold mine back into production. The plan is to initially conduct large-scale
bulk testing of the near surface oxide ore over the coming months, ahead of
addressing the slightly deeper sulphides. Full gold oxide production is
expected to be underway in April 2009.

Operating costs are likely to be modest given the near surface nature of the
mine, the simple metallurgy of the ores, the presence of historical leach pads
and crushers, electricity and water already available on site, and the general
accessibility of the project which is less than 900 metres from the paved road
network.

Summary

The drill campaigns in 2007 and 2008 at both Nimu and Dong Mao Huo have
provided the geological groundwork to build Central China Goldfields plc into a
successful exploration company.

For further information, please contact:

Central China Goldfields plc       Hanson Westhouse Limited          
                                                                     
Dr. Jeffrey Malaihollo             Anita Ghanekar / Martin Davison   
                                                                     
Tel: 020 7621 0200                 Tel: 020 7601 6100                
                                                                     
Email: info@ccgoldfields.com                                         
                                                                     
www.ccgoldfields.com                                                 
                                                                     
Neil Boom                          Michael Parnes                    
                                                                     
Bishopgate Communications Ltd      Old Park Lane Capital Plc         
                                                                     
Tel: 020 7562 3367                 Tel: 020 7493 8188                



END

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