China Shen Zhou Mining & Resources, Inc. Wins RMB 11 Million Supply Contracts for Fluorite Ores

China Shen Zhou Mining & Resources, Inc. (NYSE Alternext US: SHZ) ("China Shen Zhou", or "the Company"), a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced one of its subsidiaries, Xiangzhen Mining, has signed 3 supply contracts for fluorite ores with Huatai Company from Shanxi Province and Hongzhi Company from Hebei Province respectively. The total value of such contracts is approximately RMB 11 million (US$1.6million).

According to such contracts, the Company will extract and deliver 16,000 tons of fluorite ores in total from January 2009 through December of 2009.

"We are very excited to sign such significant contracts before the Chinese Lunar New Year, which marks a good beginning for 2009," said Ms. Jessica Yu, Chairwoman and CEO of China Shen Zhou. "Although the winter is typically a sluggish period for fluorite manufacturing, we believe our efforts and manufacturing capabilities will allow us to improve our operations and enhance fluorite extraction and processing. We are committed to satisfying all our clients' demands."

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