CNR Announces New Project in Hengyang

NEW YORK, NY--(Marketwired - May 31, 2013) - China Metro-Rural Holdings Limited (NYSE MKT: CNR) (the "Company") is pleased to announce new project in Hengyang, the PRC. The Company, through its subsidiary, has recently entered into an auction and has won the bidding of approximately 474,000 square meters of land in Hengyang, the PRC, following the signing of framework agreement with Hengyang Municipal Government of the PRC ("Hengyang Government"). The land acquired will be used to develop a trading platform in Hengyang (the "Project").

"The planned site area of the Project is approximately 2.7 million square meters with corresponding maximum gross floor area of approximately 7.5 million square meters. The Project will include trading outlets and other supporting facilities such as exhibition, residential and commercial areas. The development duration is expected to take approximately 10 years for the entire project. We expect the Project will help fuel the growth of CNR. We focus on the delivery of highly gratifying and good results to all of our shareholders," stated Sam Sio, Chairman of CNR. Mr. Sio continued, "Hengyang is a fast growing city in Hunan Province and has a population of over 7 million people. It is a leading transportation hub with water, railway and highway."

ABOUT CHINA METRO-RURAL HOLDINGS LIMITED

China Metro-Rural Holdings Limited is a leading agricultural logistics platform development and rural-urban migration redevelopment company in China.

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