Jinshan Gold Mines Inc.

Jinshan Gold Mines Inc.

November 22, 2006 08:01 ET

Jinshan Plans to Start Mining in December 2006 Signs on Mining Contractor

BAOTOU, CHINA--(CCNMatthews - Nov. 22, 2006) - Jinshan Gold Mines Inc. (TSX:JIN) is pleased to announce that construction activities at Jinshan's CSH (217) Gold Project are proceeding on schedule, with commercial gold production expected to begin in the second quarter of 2007.

A mining contract has been signed with China National Railway Corporation, a major Chinese mining contractor. Earthworks consisting of haul road construction and open pit preparations are expected to commence in December. The heap leach pads are nearly complete and are being readied to commence the placement of ore in January and February, 2007. The gold plant facility was pre-fabricated in the US and is being assembled in the new process building. A 500 person camp is undergoing final completion of civil works and is expected to be ready to house the contract miners in December. Infrastructure work for power and water is underway to meet the schedule for the process plant start-up, which is planned to commence once the weather in Inner Mongolia, China warms in the spring of 2007. Commercial gold production is anticipated during the second quarter of 2007.

"With the receipt of our Mining Permit in September, we have been working hard to complete all of our liner installation and infrastructure work before cold weather sets in on site," said Jinshan's Chief Operating Officer, Cal McKee. "Mild weather this fall has allowed us to finish the lining of the leach pad and to enclose the buildings so that we can work through the winter to complete the process plant installation. Our main focus now is to get the mine into commercial production. Then we will turn our attention to additional drilling to optimize the gold resources in the Southwest Zone to add additional upside to the project."

The final feasibility study for the CSH (217) Gold Project indicates that the mine would be capable of producing approximately 117,000 ounces of gold per year for an initial mine life of approximately nine years at an average cash cost of approximately US$253 per ounce. The study was prepared by KD Engineering of Tucson, Arizona, pursuant to Canada's National Instrument 43-101 (see Jinshan's April 24, 2006 news release for complete details). A copy of the study is available on SEDAR at www.sedar.com.

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.

Qualified Person

Calvin McKee, Jinshan's Chief Operating Officer and CSH 217 General Manager, and a qualified person as defined by NI 43-101, verified and supervised the preparation of the scientific and technical information in this release.

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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