China National Resources (HKG:0661) Proposes to Change Company Name to China Daye Non-Ferrous Metals Mining Limited

Hong Kong, June 1, 2009 AEST (ABN Newswire) - China National Resources Development Limited ("China National Resources" or "the Group")(HKG:0661), a natural mineral resources developer in the PRC, proposes to change its Company's name in English and Chinese to "China Daye Non-Ferrous Metals Mining Limited" in order to convey the nature of the business by focus on the natural mineral resources business. The change of new name is subject to the approval of shareholders at coming Special General Meeting.

Mr. Wan Biqi, Chairman of China National Resources said, "Given the increasing demand of natural resources in the PRC, the Group has expanded its business to cover natural mineral resources investment and development since 2007. The change of name will benefit the Group's future business development as the proposed new English and Chinese names signify the introduction of Hubei Daye Non Ferrous Metals Company as a substantial shareholder of the Group which will result in an overall upgrade of the Group's business development functions in ore exploration, mining and management operation."

With the acquisition by Hubei Daye Non Ferrous Metals Company ("Daye Non Ferrous") of 49.89% equity interest in China Times Development Limited, the holding company of the Group has already been completed, Daye Non Ferrous will provide technical support in areas such as management and operation, as well as ore dressing and exploration to the Group.

Mr. Zhang He, Executive Director of China National Resources continued, "We are very pleased that Daye Non Ferrous became our strategic shareholder. With over 50 years of experience in ore dressing and exploration, Daye Non Ferrous is a top state-owned copper conglomerate and owns one of the five largest copper material production bases in the PRC. We believed that the acquisition will able to help the Group to consolidate our natural mineral resources and enhance resources exploitation capability under the leadership of Daye Non Ferrous, and will also brings synergies with the concerted effort to both parties."

"Looking ahead, we are confident of capturing the huge potential growth of natural resources industry. The exploration of non ferrous metals such as copper, silver and gold would be our core business. We will actively explore these opportunities for expand our business development and positioning us to become a metal resources listed company with rich natural resources, advanced production facilities and sound financial performance, which eventually generates satisfactory returns for shareholders." Mr. Wan concluded.

Issued by Porda International (Finance) PR Group for and on behalf of China National Resources Development Limited.

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