China Zirconium Limited
TSX : CZL

China Zirconium Limited

March 31, 2009 12:56 ET

China Zirconium Limited Announces Cash Distribution Amount

TORONTO, ONTARIO--(Marketwire - March 31, 2009) - China Zirconium Limited (TSX:CZL) confirms that the board of directors has declared a cash distribution of HK$0.06 per Ordinary Share. The cash distribution is payable on May 22, 2009 to shareholders of record as of April 17, 2009. In Canada, the cash distribution will be paid in Canadian funds based on the Hong Kong to Canadian dollar exchange rate as issued by the Bank of Canada on the record date, April 17, 2009.

About China Zirconium:

China Zirconium Limited was incorporated under the Companies Law of the Cayman Islands on July 18, 2000. The Company was listed on the Hong Kong Stock Exchange on October 28, 2002 and became dual listed on the Toronto Stock Exchange on August 15, 2008. The Company started its operation in 1977 with its base in Yixing, Jiangsu Province, the PRC. The principal business of the Company is the research, development, manufacture and sale of a wide range of zirconium chemical products. The Company has also entered into the business of rechargeable batteries through a wholly-owned subsidiary located at its Yixing production site. In addition, the Company began to engage in the business of separation, processing and refining of zircon in 2009 through a joint venture company, PT. Asia Prima Resources, incorporated in Indonesia.

Disclaimer:

Every attempt has been made to ensure the information contained herein is valid at the time of publication. Any statements involving matters of opinion or estimates, whether or not so expressly stated, are set forth as such and not as representations of fact, and no representation is made that such opinions or estimates will be realized.

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