Jinshan Gold Mines Inc.
TSX : JIN

Jinshan Gold Mines Inc.

December 31, 2009 09:30 ET

Jinshan Enters Into Memorandum of Understanding to Develop Gold Business With Monnis International Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 31, 2009) - Jinshan Gold Mines Inc. (TSX:JIN) is pleased to announce that it has entered into a memorandum of understanding with Monnis International Inc. to jointly explore and develop gold projects in Mongolia. Monnis International Inc. was established in 1998 as an official distributor of one of the world's leading car manufacturers, Nissan Motor Co., Ltd in Mongolia. The company has now expanded its activities and has gained particular position in the fields of geology, mining, energy, construction, international freight forwarding, foreign trade, automotive service, communication, banking, and air industry, with over 600 employees. Jinshan and Monnis shall have 51% and 49% equity interest, respectively, in the acquired projects. Jinshan will control and manage the acquired projects. Jinshan believes its partnership with Monnis will allow Jinshan to build and grow strong business in Mongolia.

About Jinshan

Jinshan is a mining company whose principal property is the CSH Gold Mine. Jinshan began producing gold at the CSH Gold Mine in July 2007 and is actively advancing its portfolio of gold exploration properties in China. Jinshan's shares are listed on the TSX under the symbol "JIN".

Please visit our website at: www.jinshanmines.com.

Forward-Looking Statements: Statements in this release that are forward-looking statements, including the approval of the name change and potential completion of definitive agreements covering the MOUs, 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. Jinshan does not assume the obligation to update any forward-looking statement, except in accordance with applicable securities laws.

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