Zhaojin Mining Industry Co Ltd. planned to inject between RMB 450 million and RMB 700 million into two gold projects for output expansion. The company added that one of the two projects is located in Qinghe County, Xinjiang Uygur Autonomous Region and that its daily gold ore output is expected to increase from 300 tons to 2,000 tons. The output of the other project, located in Liaoning Province, will increase from 500 tons to 1,000 tons of gold ores per day. The company targets RMB 1.56 billion of capital expenditure for year 2010.

Zhaojin Mining Industry Co. Ltd. announced unaudited consolidated earnings results for the six months ended June 30, 2010. For the quarter, the company reported revenue of RMB 1,675,854,000, Operating profit RMB 790,626,000, profit from continuing operations of RMB 572,108,000, profit attributable to equity holders of the company of RMB 561,192,000 or RMB 0.39 per basic share as compared to revenue of RMB 1,063,102,000, Operating profit RMB 430,077,000, profit from continuing operations of RMB 316,030,000, profit attributable to equity holders of the company of RMB 319,708,000 or RMB 0.22 per basic share for the same period prior year. Net cash inflow from operating activities was RMB 451,562,000 as compared to RMB 244,745,000 for the same period prior year. The increase in revenue was primarily due to: (1) the marked increase in gold production as compared to the corresponding period of last year, resulting in an increase in the Group's sales volume of gold; (2) the increase in gold price during the first half of 2010; (3) the higher sale price of gold of the Group. The increase in net profit was due to the substantial growth of gold output and sale price of gold as compared to the corresponding period of last year.

The board of directors of Zhaojin Mining Industry Co. Ltd. informed the shareholders of the company and potential investors that the unaudited financial results of the group for the six months ended June 30, 2010 are expected to increase significantly as compared to those for the six months ended June 30, 2009. The company considers that the significant increase in the unaudited financial results of the group for the six months ended June 30, 2010 was mainly attributable to the significant increases in both the output of gold and the selling price of gold in the first half year of 2010 as compared to those in the first half year of 2009.