Central China Goldfields plc                          

                           ("GGG" or "the Company")                            

                               PLACING OF SHARES                               

19 December 2008

Following the announcement of 18 December 2008, Central China Goldfields plc
announces that it has agreed to issue an additional 500,000 new ordinary shares
at 1.5 pence per share, bringing total funds raised to �192,500 for 12,833,333
new ordinary shares ("Placing Shares").

Application will be made for all of the Placing Shares to be admitted to AIM
and it is expected that trading will commence on 12 January 2009. The total
number of shares in issue will be 158,367,191.

Following the above transactions, the following Directors' shareholdings in GGG
will be:

                    Previous     Placing Shares   Total Shares Percentage of 
                     Shares                                      Company's   
                                                                Issued Share 
                                                                  Capital    
                                                                             
Nigel Clark        2,310,568        1,000,000      3,310,568       2.09%     
                                                                             
Jeffrey            2,078,598         333,333       2,411,931       1.52%     
Malaihollo                                                                   

The total number of shares held by Directors following the admission of the
Placing Shares will be 13,484,029 shares* representing 8.51% of the share
capital.

*Includes 3,240,625 shares held by Marshall Lake Mining plc, of which Paul
McGroary is the Chairman and a major shareholder.

For further information, please contact:

Central China Goldfields plc          Hanson Westhouse Limited      
                                                                    
Dr. Jeffrey Malaihollo                Bill Staple / Martin Davison  
                                                                    
Tel: 020 7621 0200                    Tel: 020 7601 6100            
                                                                    
Email: info@ccgoldfields.com                                        
                                                                    
www.ccgoldfields.com                                                



END
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