SOURCE: Golden Dragon Holdings, Inc.

November 21, 2008 09:15 ET

Golden Dragon Holdings, Inc. Signs Exclusivity Agreement With Tianjin Boatgem Organic Food Manufacturing Co., Ltd.

BEIJING--(Marketwire - November 21, 2008) - Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI) (www.gdfbhk.com), the company today announced that it has entered into an exclusive sales and distribution agreement with Taijing Boatgem Organic Food Manufacturing Company. This agreement gives Golden Dragon the exclusivity to sell and distribute the Boatgem products line of (Springlife) in the United States and Beijing.

Mr. Yglesias, CEO of Golden Dragon, stated, "We will commence immediate sales and distribution of Boatgem Organic products in our current contractual supermarkets in Beijing, this will instantly represent sales revenue. We will also start the marketing and promotion of these products in the US market."

About Tianjin Boatgem Organic Food Manufacturing Co., Ltd.

The company specializes in the manufacturing of organic foods. It holds more than 10sq kilometers of organic farm base and a factory that has met strict controls and organic certification standards. The organic certifications include EU of European, JAS of Japan, NOP (USDA) of USA. The company has developed a full range of organic and natural products under two registered brands: Boatgem & Springlife. Our organic products strictly meet the organic standards for organic food farming and producing. We supply 100% natural & healthy foods without any preservatives, additives & coloring, and prohibit the use of genetically engineered ingredients. For more information visit the company website at www.springlife.com.cn

About Golden Dragon

Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI) is a publicly traded company that owns and operates Golden Dragon Food & Beverage Import & Export Company of Hong Kong, Ltd. (GDHK) in central Hong Kong and Beijing Flying Golden Dragon International Trading Co., Ltd in China (BFGD). Golden Dragon Holdings, Inc. has agreements with U.S. food manufacturers. GDHI acts as a buying agent for GDHK, negotiating vendor contracts and services with U.S. food and beverage industry partners. The Hong Kong Company plays a strategic role in the importation of products into the Chinese market by leveraging the Closer Economic Partnership Arrangement (CEPA) with China. Through this arrangement, Beijing Flying Golden Dragon International Trading Co., Ltd distributes some of the most popular U.S. food and beverage brand products directly into the hypermarkets, supermarkets and convenience stores in China. The Company is responsible for order fulfillment for its clients in China, as well as providing advertising and promotion (A&P) services for its U.S. food and beverage products.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.

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