China Armco's subsidiary received AAA grade in credit rating

         China Armco's subsidiary received AAA grade in credit rating

PR Newswire

SAN MATEO, Calif., May 29, 2013

SAN MATEO, Calif., May 29, 2013 /PRNewswire/ --China Armco Metals, Inc. (NYSE
MKT: CNAM) ("China Armco" or the "Company"), a distributor of imported metal
ore and a metal recycler with a state-of-the-art scrap metal recycling
facility in China, today announced that Armco (Lianyungang) Renewable Metals,
Inc., the Company's wholly owned subsidiary, was rated as AAA grade in credit
rating by China Association of Metal Scrap Utilization.

The AAA rating was awarded and announced during the 6th International
Symposium on China Metal Recycling. The Symposium was hosted by China Iron and
Steel Association and China Association of Metal Scrap Utilization in
Chongqing, a city in southwest China, from May 19, 2013 to May 22, 2013. The
credit rating was initiated by the Chinese Ministry of Commerce and the
Chinese State-owned Assets Supervision and Administration Commission,
organized by the China Association of Metal Scrap Utilization, and conducted
by an independent rating agency. The credit rating was rated based on various
factors, including the Company's basic product quality, operation management
capabilities, and social credit. The AAA rating is the highest level in the
credit rating system. Mr.Weigang Zhao, director of China Armco and executive
vice general manager of Armco (Lianyungang) Renewable Metals, Inc., was also
elected as director of the Symposium. Companies and industry associations from
worldwide, including China, U.S., Korea, and Japan attended the event and
discussed the issues pertaining to Chinese metal recycling developments and
policies.

"We are very pleased to receive the AAA rating from the China Association of
Metal Scrap Utilization during the Symposium. This recognition is very
important to us while we are building our brand in the industry and market
which will help us to improve and strengthen our supply chain, customer base
and bank credit facilities," said Mr. Kexuan Yao, Chairman and CEO of China
Armco. "During the Symposium, based on messages from the officers from China
steel industry associations, the industry expects to receive more policy
support from the Chinese government with government emphasis on energy saving
and environmental protection. We believe that with the support of Chinese
government industry guidance and policy support, our recycling business has
substantial potential and tremendous opportunity to grow in the long term."

ABOUT CHINA ARMCO METALS, INC.
China Armco Metals, Inc. is engaged in the sale and distribution of metal ore
and non-ferrous metals throughout China and is in the recycling business in
China. China Armco's customers include some of the fastest growing steel
producing mills and foundries throughout China. Raw materials are acquired
from a global group of suppliers located in various countries, including, but
not limited to, Brazil, India, Indonesia, Ukraine and the United States. China
Armco's product lines include ferrous and non-ferrous ore, iron ore, chrome
ore, nickel ore, magnesium, copper ore, manganese ore, steel billet and
recycled scrap metals. For more information about China Armco, please visit
http://www.armcometals.com.

SAFE HARBOR STATEMENT
In connection with the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, China Armco Metals, Inc., is hereby providing
cautionary statements identifying important factors that could cause our
actual results to differ materially from those projected in forward-looking
statements (as defined in such act). Any statements that are not historical
facts and that express, or involve discussions as to, expectations, beliefs,
plans, objectives, assumptions or future events or performance (often, but not
always, indicated through the use of words or phrases such as "will likely
result," "are expected to," "will continue," "is anticipated," "estimated,"
"intends," "plans," "believes" and "projects") are forward-looking and involve
estimates and uncertainties which could cause actual results to differ
materially from those expressed in the forward-looking statements. These
statements include, but are not limited to, our expectations regarding our
revenues and production related to our scrap metal recycling operations,
pricing and demand for our product lines and the extent of government imposed
energy and monetary policy restrictions and resulting blackouts and associated
impact on our trading and recycling operations.

We caution that investors should not place undue reliance on any
forward-looking statements herein. Further, any forward-looking statement
speaks only as of the date on which such statement is made, and we undertake
no obligation to update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made or to reflect the
occurrence of anticipated or unanticipated events or circumstances. This press
release is qualified in its entirety by the following, including, but not
limited to, any expectations with respect to the Company's revenues and
operations, institution of governmental regulations relating to our businesses
and the international economic climate, and the cautionary statements and risk
factor disclosure contained in our Securities and Exchange Commission filings,
including our Annual Report on Form 10-K for the year ended December 31, 2012,
and our Quarterly Filings on Form 10-Q for the periods ended March 31, 2013.

CONTACT INFORMATION:

China Armco Metals, Inc.
US Investor Relations Contact
Christina Xiong
Office: 650.212.7620
Email: christina@armcometals.com
ir@armcometals.com
Website: www.armcometals.com

China Contact:
Ripple Zhang
Office: 86-21-62375286
Email: ripple.zhang@armcometals.com
Website: www.armcometals.com



SOURCE China Armco Metals, Inc.

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