China Shen Zhou Mining & Resources, Inc. Wins RMB 48 Million Supply Contract for Refined Fluorite Powder

BEIJING, January 14 /PRNewswire-Asia-FirstCall/ -- China Shen Zhou Mining & Resources, Inc. (NYSE Alternext US: SHZ) (“China Shen Zhou”, or “the Company”), a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced one of its subsidiaries, Xiangzhen Mining, has signed a supply contract for refined fluorite powder with one of its customers, Ningxia Jinhe Chemical Industry Company Limited. The total value of this supply contract is approximately RMB 48 million (US$ 7 million).

According to the contract, the Company will process and deliver 40,000 tons of refined fluorite powder in total from January 2009 through December of 2009.

“We are thrilled to sign this new contract with our close business partner,” said Ms. Jessica Yu, Chairwoman and CEO of China Shen Zhou. “This important contract reflects the long-term cooperation between China Shen Zhou Mining and all our business partners. We will further the mutual-confidence and mutual-benefit with all our suppliers and customers in 2009 through providing high-quality fluorite products.”

About China Shen Zhou Mining & Resources, Inc.

China Shen Zhou Mining & Resources, Inc., through its subsidiary, American Federal Mining Group ("AFMG"), is engaged in the exploration, development, mining, and processing of fluorite and nonferrous metals such as zinc, lead and copper in China. The Company has the following principal areas of interest in China: (a) fluorite extraction and processing in the Sumochaganaobao region of Inner Mongolia; (b) zinc/copper/lead exploration, mining and processing in Wulatehouqi of Inner Mongolia; and (c) zinc/copper exploration, mining and processing in Xinjiang. In addition, AFMG owns 100% of Kichi-Chaarat Closed Joint Stock Company, whose major assets include a copper-gold mine located in the Kuru-Tegerek region of western Kyrgyzstan.

For more information, please visit http://www.chinaszmg.com/

Safe Harbor Statement

Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in the People's Republic of China, variations in cash flow, fluctuation in mineral prices, risks associated with exploration and mining operations, and the potential of securing additional mineral resources, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

For more information, please contact:

In China:

Sterling Song

Senior Investor Relations Manager

China Shen Zhou Mining & Resources, Inc.

Tel:   +86-10-8890-6927

Email: investor@chinaszky.com

Web:  http://www.chinaszmg.com

In the U.S.:

David Elias

Investor Relations

DME Capital LLC

Tel:   +1-516-967-0205

Email: dave@dmecapital.com