China Natural Resources acquisition of coal mining company

China Natural Resources Inc a company based in the People's Republic of China announced that on July 10th 2009 it consummated the acquisition of

1. All of the issued and outstanding capital stock of Pineboom Investments Limited and its wholly-owned subsidiaries

2. The outstanding indebtedness owing by the Coal Group to the related party seller on the closing date.
Pineboom, through its operating subsidiary, Guizhou Dayun Mining Co Ltd a company established under the laws of the PRC with a registered capital of CNY 4,000,000 owns exploration rights to Huajuejingtian North Sector Coal Mine a coal mine located in Jinsha County, Guizhou Province, the PRC, which covers a total area of 16.93 square kilometers. The permit for the Exploration Rights is valid from February 1st 2008 to February 1, 2010.

Mr Feilie Li CEO & Chairman of China Natural Resources Inc said "Pineboom is the second coal mine acquisition in our continued development of CHNR's coal business. We will continue our coal resources acquisition strategy in Guizhou Province, as well as our continued acquisition of other non-ferrous/iron metal assets."