EXHIBIT 99.1

CONTACT

Edward Wong, Financial Controller

011-852-2810-7205 or fc@chrb.com

FOR IMMEDIATE RELEASE

CHINA NATURAL RESOURCES RELEASES
QUARTERLY RESULTS OF OPERATIONS

HONG KONG, January 8, 2007 – CHINA NATURAL RESOURCES, INC. (NASDAQ: CHNR), a company based in the People’s Republic of China, today released unaudited financial statements for the nine months ended September 30, 2006 as follows.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(UNAUDITED)

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2006 AND 2005

(Amounts in thousands, except share and per share data)

	Three Months Ended September 30,									Nine Months Ended September 30,
	2006			2005			2006			2006			2005			2006
	RMB			RMB			US$			RMB			RMB			US$
NET SALES		40,776			32,736			5,162			92,440			75,886			11,701
COST OF SALES		(9,084	)		(11,788	)		(1,150	)		(26,126	)		(29,097	)		(3,307	)
GROSS PROFIT		31,692			20,948			4,012			66,314			46,789			8,394
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES		(3,239	)		(1,479	)		(410	)		(10,345	)		(6,918	)		(1,309	)
INTEREST INCOME		138			589			17			373			859			47
OTHER INCOME/(EXPENSE), NET		(21	)		1			(2	)		4,937			(23	)		625
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		28,570			20,059			3,617			61,279			40,707			7,757
INCOME TAXES		(4,471	)		(3,182	)		(566	)		(9,377	)		(6,612	)		(1,187	)
INCOME FROM CONTINUING OPERATIONS		24,099			16,877			3,051			51,902			34,095			6,570
DISCONTINUED OPERATIONS
Loss from discontinued advertising and HARC operations, net of taxes of nil		(173	)		—			(22	)		(659	)		—			(83	)
Loss on disposal of discontinued operations, net of taxes of nil		(11,733	)		—			(1,485	)		(11,733	)		—			(1,485	)
LOSS FROM DISCONTINUED OPERATIONS		(11,906	)		—			(1,507	)		(12,392	)		—			(1,568	)
NET INCOME		12,193			16,877			1,544			39,510			34,095			5,002
Other comprehensive income:
Foreign currency translation adjustments		48			—			6			37			—			4
COMPREHENSIVE INCOME		12,241			16,877			1,550			39,547			34,095			5,006
INCOME PER SHARE:
Basic
Income from continuing operations		2.09			1.70			0.27			4.57			3.41			0.58
Loss from discontinued operations		(1.03	)		—			(0.13	)		(1.09	)		—			(0.14	)
		1.06			1.70			0.14			3.48			3.41			0.44
INCOME PER SHARE:
Diluted
Income from continuing operations		1.81			1.67			0.23			3.78			3.35			0.48
Loss from discontinued operations		(0.89	)		—			(0.11	)		(0.90	)		—			(0.11	)
		0.92			1.67			0.12			2.88			3.35			0.37
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
Basic		11,548,416			9,980,593			11,548,416			11,358,899			9,980,593			11,358,899
Diluted		13,287,465			10,093,801			13,287,465			13,712,520			10,164,486			13,712,520

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF SEPTEMBER 30, 2006 (UNAUDITED) AND DECEMBER 31, 2005

(Amounts in thousands, except share and per share data)

	September 30, 2006		December 31, 2005		September 30, 2006
	RMB			RMB		US$
	(Unaudited)					(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		79,736		41,202		10,093
Trade receivables		541		4,622		69
Bills receivable		—		450		—
Other receivables, deposits and prepayments		560		422		71
Amounts due from a related company		—		20,503		—
Inventories		4,030		3,788		510
Assets held for sale		33,053		—		4,184
TOTAL CURRENT ASSETS		117,920		70,987		14,927
PROPERTY AND EQUIPMENT		36,689		33,656		4,644
TOTAL ASSETS		154,609		104,643		19,571
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable		926		934		117
Other payables		24,181		18,881		3,061
Advances from customers		1,237		1,174		157
Accrued liabilities		2,054		1,319		260
Current portion of capital lease		28		—		4
Amounts due to related parties		3,933		6,476		498
Amounts due to a director		13,600		23,644		1,721
Dividends payable		105		5		13
Taxes payable		8,389		2,545		1,062
Liabilities related to assets held for sale		2,153		—		272
TOTAL CURRENT LIABILITIES		56,606		54,978		7,165
SHAREHOLDERS’ EQUITY
Common shares, no par: Authorized – 200,000,000 shares; Issued and outstanding –11,548,416 shares in 2006		47,250		—		2,433
Reserves		35,359		3,912		4,476
Retained earnings		15,117		45,513		5,462
Accumulated other comprehensive income		277		240		35
TOTAL SHAREHOLDERS’ EQUITY		98,003		49,665		12,406
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		154,609		104,643		19,571

The condensed consolidated statement of operations and comprehensive income for the nine months ended September 30, 2006 (unaudited) and the condensed consolidated balance sheet as of September 30, 2006 (unaudited) have been prepared in accordance with generally accepted accounting principles in the United States but omit certain financial statements and footnote disclosure that would be included in full financial statements prepared in accordance with GAAP. The condensed consolidated statement of operations and comprehensive income for the nine months ended September 30, 2006 (unaudited) and the condensed consolidated balance sheet as of September 30, 2006 (unaudited) are derived from, and should be read in conjunction with, the Company’s unaudited condensed consolidated financial statements for the nine months ended September 30, 2006 and 2005, which was filed with the Securities and Exchange Commission on January 5, 2007 under cover of Form 6-K. The results of operations for the nine months ended September 30, 2006 are not necessarily indicative of the results of operations that may be expected for the year ended December 31, 2006.

This press release includes forward-looking statements within the meaning of federal securities laws. These forward-looking statements are based upon assumptions believed to be reliable, but involve risks and uncertainties that may cause actual results of operations to differ materially from the forward-looking statements. Among the risks and uncertainties that could cause our actual results to differ from our forward-looking statements are our intent, belief and current expectations as to business operations and operating results of the Company, uncertainties regarding the governmental, economic and political circumstances in the People’s Republic of China, risks and hazards associated with the Company’s mining activities, uncertainties associated with ore reserve estimates, uncertainties associated with metal price volatility, uncertainties associated with the Company’s reliance on third-party contractors and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Although the Company’s management believes that the expectations reflected in forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to be accurate.