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  • China Resources International To Purchase Shandong License

    China Resources International is pleased to announce the planned acquisition of a metals mining license in Shandong, which will be the first new major investment move of 2013.

    Mar. 21, 2013 - HUANGPU, China -- According to China Resources International CEO Mr. Yang Wu, all preliminary analyses have been conducted on a site China Resources International will acquire in April of this year. This move would take the company's asset portfolio from three major distinct licenses to four, and CEO Yang Wu claims the move could potentially increase China Resources Internationals 2013 profits by as much as fifteen per cent despite initial costs.

    "The site identified for acquisition has demonstrated ore grades of 3.12 g/t and with anticipated cash cost per ounce of $690 will make an excellent addition to the company's asset portfolio, creating value for our loyal shareholders." Mr. Wei Feng

    This new investment combined with the capital previously invested in China Resources Internationals Xiaoluo Project suggests large capital costs, but China Resources International's President Mr. Wei Feng insists that the company's authorized share capital will not need to be increased, and that this investment is well within the company budget.

    CEO Yang Wu commented further on the planned investment saying "Shandong province is well known to us and our investors as a mineral rich region, and we have located intersecting veins on this site that we are keen to process as soon as possible, so for us the opportunity is one we cannot afford to miss. It is irrelevant whether or not we need to seek funding for such an opportunity, but I can say that we have no need for further funding at this present time. "The acquisition of the Shandong site is scheduled for early April, and work will commence on the site soon after.

    Sections of this filing contain forward-looking statements which reflect management's best judgments based on factors currently known but involve significant risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of factors.

    Aug 03 4:54 AM | Link | Comment!
  • China Resources International Appoints New Chief Financial Officer Mr Kevin Zhang

    China Resources International is pleased to announce the appointment of Mr Kevin Zhang to the position of Chief Financial Officer effective as of Monday 25th February 2013.

    Feb. 25, 2013 - Following the retirement and departure of existing Chief Financial Officer Mr Lee Feng MSc after 10 years of service with China Resources International, the company's board of directors are thrilled to welcome to the team Mr Kevin Zhang BSc MSc, whose long-term and broad experience within the finance and mining industries the board believe will be invaluable to the company for many years to come.

    Mr Zhang (52) obtained his undergraduate and graduate degrees in Finance and Economics from the university of Peking in the early 1980's, and throughout his illustrious career has worked in several high level positions with HSBC and DBS banks as well as consulting positions with other financial institutions. Over the past decade his experiences have grown to include executive positions within two major mining outfits based in Australia and in South America.

    China Resources Internationals President Mr Wei Feng stated "We will be sad to see Mr Lee Feng leave us after so long, but on behalf of all of our board members and our grateful shareholders, I would like to wish him the very best in his retirement and thank him once again for his many years of loyal service. Apart from this I would like to welcome our incoming CFO Mr Kevin Zhang whose curriculum, attitude and experience make him the ideal replacement for our previous Chief Financial Officer".

    According to CEO at China Resources International Mr Yang Wu, newly appointed CFO Mr Zhang joins China Resources International at an opportune moment in time, as the company presently maintains not only a strong balance sheet but also a plethora of opportunities for expansion across the next twelve months.

    Jul 29 10:30 AM | Link | Comment!
  • China Resources International Given Okay To Extend Exploration At Jilin

    China Resources International is delighted to announce it has located high grade underground vein intersects at its Xiaoluo project site and will now expand the exploration zone.

    Jan. 30, 2013 - China Resources International had, in the final quarter of 2012, already announced the intent to pursue exploratory drilling at its Xiaoluo site, and is therefore delighted to report that as of this week it has successfully located, accessible, high grade vein intersects in another exploratory zone. At this stage the geochemical samples taken from around the zone suggest an average grade of 4.85 g/t Au, although the exact extent of the mineralisation has yet to be determined.

    Attempts to assess the ore grade on this site prior to the festive period had suggested grades as high as 3.68 g/t, based on initial samples taken at hole XIA-NL-001, which led to a 2013 estimated throughput on the Xiaoluo site of 12,000 ounces. This published estimation according to CEO Mr Wang Yu, will at present remain unchanged despite this positive news.

    Company President Mr Wei Feng said "Of course this comes as no surprise to myself or to our board of directors as our earlier samples had indicated the presence of high grade gold mineralisation on the site, but what is noteworthy is that these intersects should prove accessible as well as yielding an ore which is economical to produce, meaning our expenditure remains within our designed budget. 2012 was a strong year for us, but I believe holds even more promise."

    In a further announcement China Resources Internationals President Mr Wei Feng said that despite having revised down the number of jobs the company expected to create this year, a considerable number of new positions will now be created over the coming weeks, not only on the ground but also within the administrative departments.

    This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, such as the Company's plans for continuing exploration, which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Company's properties and the timing of any work program or exploration activities, and any results that may be obtained or the commencement of production.

    Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

    About the company

    China Resources International, is primarily engaged in the exploration, mining of gold in east and south east China. The Company also processes, produces and distributes gold and other precious metals. In late 2004, China Resources International purchased 2000 hectares in the Guizhuo Province in south-east china, an area already well known for gold mining.

    Jul 12 2:33 AM | Link | Comment!
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