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(21 October 2007, Hong Kong) Yue Da Mining Holdings Limited ("Yue Da Holdings", stock code: 629) has announced a discloseable transaction: acquisition of mining rights in a Shaanxi mine.

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In order to set our foothold in the industry and increase the reserves, the Company’s mining subsidiary Puer Feilong Company will place a top priority in geological exploration in 2007 and 2008 and adopt a series of effective measures including strengthened management in exploration, additional capital investment and technical upgrades.

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From 19 to 20 January 2007, the three mining subsidiaries held the annual meeting at Dali, Yunnan Province. The Board reviewed the company's operation performance of the Company in 2006.

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