Jinshan Gold Mines Inc.

Jinshan Gold Mines Inc.

March 15, 2007 09:35 ET

5,000-Metre Drill Program Underway at Jinshan's CSH (217) Gold Mine

Three New Exploration Permits Granted Along Tianshan Mineral Belt

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 15, 2007) - Jinshan Gold Mines Inc. (TSX:JIN) is pleased to announce that the 2007 drilling campaign has begun at the Chang Shan Hao (217) Gold Project in Inner Mongolia, China. The 5000-metre drilling program, budgeted at US $800,000, is concentrated on the Southwest Zone, including 50-metre spaced in-fill drill holes designed to upgrade resources from the inferred category to the indicated category, and step-out drilling to test the southwest extension of the mineralized zone.

Three step-out holes drilled in 2005 at the Southwest Zone encountered significant intercepts of gold mineralization that expanded the zone to the west beyond previously determined boundaries. The host rock structure suggests that the mineralized zone may extend at least 600 metres further to the west where a secondary fold is interpreted.

At a 0.5 g/t gold cut-off grade, the current Southwest Zone has measured and indicated resources of approximately 32 million tonnes grading 0.86 g/t, for contained gold content of approximately 860,000 ounces. The Southwest Zone has additional inferred resources of nine million tonnes grading 0.74 g/t, for an additional contained gold content of 220,000 ounces. The current Southwest Zone resource and any additional resources that are delineated by the drilling campaign will be included in a 2007 engineering study, to investigate the expansion potential of the mine. The current CSH (217) mine development, which is expected to start commercial production in June or July 2007, does not consider any resources from the Southwest Zone.

"Adding ounces to an operating mine is a proven way to add near-term shareholder value," said Jinshan's President, Jay Chmelauskas. "Jinshan is in the fortunate position to currently have more than 800,000 ounces to consider for mine expansion, with the potential to further increase this resource with positive results from the drilling campaign now underway."

In other news, Jinshan is pleased to report that an additional three exploration permits have been granted in Xinjiang Province, NW China. These three new permits adjoin the previously reported Xingou permit and bring the total number of permits currently held by the company to thirteen. The Xingou property now covers 146.2 square kilometers. Plans are currently being made for a comprehensive Phase I exploration program at the property which will include geological mapping, stream sediment and/or soil sampling, and rock sampling from previous trenches and underground workings. This field program is anticipated to commence in May of this year.

Lastly, drilling on Jinshan's Dadiangou property, the drill program is advancing on schedule with eight holes complete of a proposed 5,000-metre drill program. The first samples have been shipped to SGS-CSTC Laboratories in Tianjin, China (ISO 9001-2000 accredited) and results are expected in April, 2007.

Qualified Person

The Qualified Person as defined by National Instrument 43-101 responsible for the disclosure in this news release regarding the Chang Shan Hao (217) Gold Project was Mario E. Rossi, of GeoSystems International Inc., who prepared the National Instrument 43-101 resource estimate for the project.

Calvin McKee, Jinshan's Chief Operating Officer and CSH 217 General Manager, a Qualified Person as defined by National Instrument 43-101, has supervised the preparation of the technical and scientific information relating to the drilling campaign at Chang Shan Hao (217) Gold Project.

The Qualified Person as defined by National Instrument 43-101 responsible for the disclosure regarding Jinshan's Xinjiang and Dadiangou projects is Keith Patterson, M.Sc., P.Geo., V.P. Exploration for Jinshan.

About Jinshan

Jinshan is a Canadian mining company focused on the development of the CSH Gold Project in China. In addition, the company is actively exploring its portfolio of gold exploration properties and continues to evaluate additional gold opportunities in China.

Forward-Looking Statements: Statements in this release that are forward-looking statements, including the upside potential to shareholders, the results of the drill program and engineering study on the CSH (217) Gold project, and other forward looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the company's MD&A, financial statements and other periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. When used in this document, words such as "could", "planning", "estimate", "expect", "intend", "may", "potential", "should", and other similar expressions are forward looking statements. The company does not assume the obligation to update any forward-looking statement.

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