SRK's Preliminary Assessment Demonstrates Xinyi No. 1 Mine as a Large-scale Fluorite Mine

 SRK's Preliminary Assessment Demonstrates Xinyi No. 1 Mine as a Large-scale
                                Fluorite Mine

PR Newswire

BEIJING, Dec. 13, 2012

BEIJING, Dec. 13, 2012 /PRNewswire-FirstCall/ -- China Shen Zhou Mining &
Resources, Inc. ("China Shen Zhou", or the "Company") (NYSE Amex: SHZ), a
company engaged in the exploration, development, mining and processing of
fluorite, barite, zinc, copper, and other nonferrous metals in China, today
announced that SRK Consulting China ("SRK") (Beijing office) will provide a
complete, JORC-compliant technical report on the reserves of Xinyi No. 1 Mine
by the end of 2012.

Xinyi has commissioned Beijing Zhongse Geological Exploration and Technology
Co., Ltd. to perform tunnel prospecting and drilling on Xinyi No. 1 Mine, the
entire geological prospecting and exploration process were monitored by SRK
specialists. All the findings have been submitted to SRK recently, which will
be used as a reference to determine the fluorite reserves of Xinyi No. 1 Mine.

SRK's preliminary assessment showed that the Xinyi No. 1 Mine satisfied the
definition of large-scale fluorite mine in China. SRK is expected to provide a
complete, JORC-compliant technical report on the reserves of Xinyi No. 1 Mine
by the end of this year.

"SRK's independent preliminary assessment indicates that fluorite resources in
the Xinyi No. 1 mine are high grade and have better quality than previously
expected," commented Ms. Xiaojing Yu, Chairperson and CEO of China Shen Zhou.
"We look forward to SRK's final assessment report and remain confident that
the acquisition of Xinyi will reward our shareholders in the long run."

About JORC Code

The JORC Code has been adopted by The Australasian Institute of Mining and
Metallurgy ("The AusIMM") and the Australian Institute of Geoscientists
("AIG") and is therefore binding on members of those organizations. It is
endorsed by the Minerals Council ofAustralia, and the Securities Institute
ofAustraliaas a contribution to good practice. The JORC Code has also been
adopted by and included in the listing rules of the Hong Kong Exchanges and
Clearing Limited (HKEx). It is an 'acceptable foreign code' of National
Instrument 43-101 Standards of Disclosure for Mineral Projects (NI43-101) 2011
edition.

About China Shen Zhou Mining & Resources, Inc.

China Shen Zhou Mining & Resources, Inc., through its subsidiaries, is engaged
in the exploration, development, mining, and processing of fluorite, barite
and nonferrous metals such as zinc, lead and copper in China. The Company has
the following principal areas of interest in China: (a) fluorite extraction
and processing in the Sumochaganaobao region of Inner Mongolia; (b) fluorite
and barite extraction and processing in the Wuchuan County of Guizhou province
(c) fluorite and barite extraction and processing in the Yanhe County of
Guizhou province.(d) fluorite extraction and processing in Jingde County,
Anhui Province; (e) zinc/copper/lead processing in Wulatehouqi of Inner
Mongolia; and (f) zinc/copper exploration, mining and processing in Xinjiang.
For more information, please visit http://www.chinaszmg.com/.

Safe Harbor Statement

This press release may include certain statements that are not descriptions of
historical facts, but are forward-looking statements. Forward-looking
statements can be identified by the use of forward-looking terminology such as
"will", "believes", "expects" or similar expressions. These forward-looking
statements may also include statements about our proposed discussions related
to our business or growth strategy, which is subject to change. Such
information is based upon expectations of our management that were reasonable
when made but may prove to be incorrect. All of such assumptions are
inherently subject to uncertainties and contingencies beyond our control and
upon assumptions with respect to future business decisions, which are subject
to change. We do not undertake to update the forward-looking statements
contained in this press release. For a description of the risks and
uncertainties that may cause actual results to differ from the forward-looking
statements contained in this press release, see our most recent Annual Report
filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our
subsequent SEC filings. Copies of filings made with the SEC are available
through the SEC's electronic data gathering analysis retrieval system (EDGAR)
at http://www.sec.gov.

Contact Information

Min Liu
Investor Relations
Grayling
Tel: +1-646-284-9413
min.liu@grayling.com

Shiwei Yin
Grayling
Tel: +1-646-284-9474
shiwei.yin@grayling.com

SOURCE China Shen Zhou Mining & Resources, Inc.

Website: http://www.chinaszmg.com
 
Press spacebar to pause and continue. Press esc to stop.