Yalian Steel Corporation
TSX VENTURE : YL

Yalian Steel Corporation

January 31, 2012 18:30 ET

Yalian Steel Announces Resignation of Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2012) - Yalian Steel Corporation (TSX VENTURE:YL) ("Yalian" or the "Company") announces that Ms. Lan Shangguan, who has served as the Company's Chief Financial Officer and Corporate Secretary since October 1, 2010, has resigned effective today.

Ms. Xia Xu, Acting Chief Executive Officer of Yalian, stated that, "On behalf of the board and management of Yalian, I would like to thank Ms. Shangguan for her significant contributions to the Company and wish her the very best in her future endeavors." The Company is in the process of finalizing the appointment of a new Chief Financial Officer. In the interim, Ms. Xia Xu will assume the role of Acting Chief Financial Officer and interim Corporate Secretary of the Company.

About Yalian Steel Corporation

Yalian Steel Corporation is a British Columbia corporation focused on the production of high quality Longitudinally Submerged Arc Welded (LSAW) steel pipe to service Asia's rapidly growing energy transportation infrastructure market. The Company has recently completed construction of its initial manufacturing facility in city of Yangzhou, in the Jiangsu province of China. The Company's production line has a rated capacity of up to 200,000 metric tons per year, depending on product and mix specifications. The Yangzhou Yalian plant utilizes the JCOE (J-ing, C-ing, O-ing, Expanding) process, an advanced method of LSAW pipe production that involves the bending and shaping of X-70 and higher grade steel.

For further Company information please access our website: www.yaliansteel.com.

This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about Yalian's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada. All amounts are stated in Canadian dollars unless noted otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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