China Shen Zhou Mining & Resources, Inc. Announces Fourth Quarter and Full Year 2008 Financial Results

China Shen Zhou Mining & Resources, Inc. (NYSE Amex: 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 its financial results for the fourth quarter and full year ended December 31, 2008.

Fourth Quarter 2008 Financial Results

Net revenues for the three months ended December 31, 2008 were $2.29 million, representing a $0.004 million or 0.17% increase as compared to the same period of 2007. The increase in net revenues is mainly attributable to Xingzhen Mining, which started operation in the second quarter of 2008, and generated some revenues in the fourth quarter of 2008.

For the fourth quarter gross profit was $0.67 million which increased from a gross loss of $0.33 million for the same period of 2007.

For the fourth quarter general and administrative expenses decreased by approximately $0.54 million to $2.31 million in 2008 as compared to $2.85 million in 2007,which was mainly attributable to the significant decrease in the fees for professional services and employees' salaries.

Net loss for the fourth quarter was $4.69 million, a difference of $1.82 million compared to net loss of $2.87 million for the same period of 2007. Basic loss per share fully diluted were $0.21 and $0.13 for the three months ended December 31, 2008 and 2007, respectively.

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