Jinshan Gold Mines Inc.

Jinshan Gold Mines Inc.

November 09, 2006 08:30 ET

Jinshan Appoints Roger Walsh as Vice President Corporate Development as Company Pursues New Growth Opportunities

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2006) - Jinshan Gold Mines Inc. (TSX:JIN) announces the appointment of Roger Walsh as Vice President of Corporate Development.

Mr. Walsh joins Jinshan from Ivanhoe Mines Ltd. (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN), the company which owns approximately 48% of Jinshan's issued and outstanding shares. Ivanhoe Mines was previously Jinshan's joint venture partner on the CSH (217) Gold Mine Development Project. Mr. Walsh was a Vice President of Ivanhoe Mines responsible for liaising with institutional investors and banks, and re-evaluating the company's non-core assets.

Prior to joining Ivanhoe Mines, Mr. Walsh was a founding shareholder of Geographe Corporate Advisory, which provides acquisition, divestment and strategic advisory services to the international mining sector. Mr. Walsh previously worked in the investment banking sector in Australia.

Mr. Walsh holds a Bachelor of Business degree and qualified as a Chartered Accountant, in Australia, with Price WaterhouseCoopers.

As the CSH (217) Gold Project is scheduled to commence commercial production in mid 2007, Jinshan believes that Mr. Walsh's industry experience will help the company identify new acquisition or development opportunities to grow the company.

About Jinshan

Jinshan is a Canadian mining company focused on the exploration and development of gold projects in Asia. The company is building the CSH (217) Gold Project - and conducting exploration work on other prospective properties in China.

Forward-Looking Statements: When used in this release, words such as "could", "plan", "estimate", "expect", "intend", "may", "potential", "should", and similar expressions are forward-looking statements. The Company's activities on the CSH (217) Gold Project and elsewhere in China are also subject to other risks and uncertainties, including those described under the heading "Risk Factors" in Jinshan's Annual Information Form 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. The company does not assume the obligation to update any forward-looking statement except to the extent required by law.

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