GGG Ggg Resources

    Central China Goldfields plc                          

                           ("GGG" or "the Company")                            

                     CONVERSION OF DIRECTORS' SUBSCRIPTION                     

5 September 2008

Following the Company's announcement of 20 August 2008 and the release of the
interim results yesterday, GGG is pleased to announce that the �150,751
irrevocable subscription from the directors and certain senior management of
the Company has now been converted to 4,074,352 Ordinary Shares of 1 pence at
3.7 pence per share ("Directors Shares"). The price is a discount of 7.7% to
the bid price at the close of business on 4 September 2008.

Application has been made for these Directors Shares to be admitted to AIM and
it is expected that this will occur on 10 September 2008.

Following the conversion, the total number of shares in issue is 145,533,858.

In addition to his acquisition of 824,324 Directors Shares, Jeffrey Malaihollo,
Managing Director of GGG, has agreed to purchase 71,400 Ordinary Shares at an
average price of approximately 5 pence per share, from one of the Company's
managers, for consideration of RMB 50,000 (approximately GBP 3,570).

Following the above transactions, the directors shareholdings in GGG are:

            Previous  Directors  Acquired    Total     Percentage of Company's  
             Shares     Shares    Shares    Shares      Issued Share Capital   
                                                                               
Nigel Clark  800,000  1,510,568      -     2,310,568            1.59           
                                                                               
Jeffrey     1,182,874  824,324    71,400   2,078,598            1.43           
Malaihollo                                                                     
                                                                               
Paul        6,851,125  559,054       -     7,410,179            2.86           
McGroary        *                              *                               
                                                                               
Merfyn       650,000   341,216       -      991,216             0.68           
Roberts                                                                        
                                                                               
Patrick      250,000   101,351       -      351,351             0.24           
Harford                                                                        

*Includes 3,240,625 shares held by Marshall Lake Mining plc, of which Paul
McGroary is the Chairman and a major shareholder. The total directors
shareholding is now 13,141,912 shares, representing 9.03% of the share capital.

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                                                 
                                                                     
                                   Michael Parnes / Lisa Ahlas       
                                                                     
                                   Old Park Lane Capital Plc         
                                                                     
                                   Tel: 020 7493 8188                



END

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