China Education Resources Inc.
TSX VENTURE : CHN
PINK SHEETS : CHNUF

China Education Resources Inc.

March 16, 2010 02:41 ET

China Education Resources Inc. Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 16, 2010) - In connection with two previous news releases dated January 29, 2010 and February 3, 2010, China Education Resources Inc. (the "Company") (TSX VENTURE:CHN)(PINK SHEETS:CHNUF) is pleased to announce that is has received final approval for its non-brokered private placement of 1,500,000 common shares in the capital of the Company (the "Common Shares") at a price of $0.53 per share for gross proceeds of $795,000. The proceeds of the private placement will be used for general working capital purposes. The Common Shares issued pursuant to the private placement are subject to a four month hold period in compliance with applicable securities laws and the rules of the TSX Venture Exchange.

ABOUT CHINA EDUCATION RESOURCES INC.

In collaboration with China's various education authorities and experts, the Company is helping to transform the curriculum of the world's largest educational system. Recognizing the need for centralization and increased accessibility to address the Chinese Central government's 2000 education reform policy changes, the Company has created educational tools and curricula for China's entire kindergarten through twelfth grade system. By implementing the government's goal of converting the existing educational system from memory-based learning to creative thinking and utilizing a more interactive approach to embrace a world-based economy, the Company has played an integral part in positioning China's educational system to reach new heights.

Safe Habor Statement

This release contains certain forward-looking statements that reflect the current views and/or expectations of the Company with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information