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

China Education Resources Inc.

October 31, 2007 20:10 ET

China Education Resources Inc.: Private Placement Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2007) - China Education Resources Inc. (the "Company") (TSX VENTURE:CHN)(PINK SHEETS:CHNUF) announced that it completed its previously announced (October 5, 2007) private placement (TSX Bulletin dated October 22, 2007). The shares issued will be subject to a hold period trading restriction expiring on February 28, 2008 and the warrants allowing the holders to purchase an additional 240,750 common shares will be exercisable at $0.80 per share until April 24, 2008 and exercisable at $1.00 per share thereafter until expiry on October 24, 2008.

On behalf of the Board of Directors

Chengfeng Zhou, Chairman and CEO

ABOUT CHINA EDUCATION RESOURCES INC.

In collaboration with China's Ministry of Education Curriculum Development Center, China Education Resources Inc., (CER), 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, China Education Resource Inc. 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, CER has played an integral part in positioning China's educational system to reach new heights.

Safe Harbor Statement

This press release contains certain forward-looking statements that reflect the current views and/or expectations of China Education Resources Inc. 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.

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The TSX Venture Exchange has not reviewed, and does not accept, responsibility for the adequacy or accuracy of the contents of this press release.

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