SINO GOLD ANNOUNCES RMB231 (US$34) MILLION
LOAN FOR WHITE MOUNTAIN

Highlights

• RMB231 (US$34) million five-year loan facility provided by the China Construction Bank for the White Mountain Gold Mine.
• Dry commissioning of White Mountain processing plant has commenced.
• White Mountain on-track for commercial gold production in early 2009.

Sino Gold Mining Limited (ASX:SGX, SEHK:1862) is pleased to advise that the China Construction Bank has provided a RMB231 (US$34) million loan facility for the Company??s White Mountain Gold mine in Jilin Province, China.?

Commenting on the loan facility, Sino Gold Chief Executive Officer Jake Klein said:

"This loan facility from a Chinese bank represents a breakthrough in broadening our funding sources.

"This funding is very efficient for us as it is a Renminbi denominated loan at an interest rate that compares very favourably internationally. Sino Gold??s gearing remains very low and we will continue to evaluate how to optimise the structuring of our borrowings.

"We are delighted to be working with the local Baishan branch of the major China Construction Bank. This is another example of the great support White Mountain has received from local business and government authorities.

"Dry commissioning of White Mountain processing plant has commenced with the overall project now 90% complete and we are well on track to deliver our second gold mine.

"The project remains on-schedule for the first gold to be poured before the end of 2008 and commercial gold production in early 2009.."

Sino Gold also released today the presentation to be made by Sino Gold CEO, Jake Klein, to the Denver Gold Forum and is available by clicking here.

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