Golden China Issues Common Shares in Payment of Debenture Interest 

Toronto, Ontario, August 3, 2006 - Golden China Resources Corporation (GCX: TSX; ASX) announces today that it has issued and delivered 438,064 common shares of the Company ("Common Shares") in payment of $310,500 in interest due as of July 31, 2007 upon the election of certain debentureholders in accordance with the terms of the debentures of the Company (the "Debentures") to receive the interest payable thereon in the form of Common Shares rather than cash.  The Debentures were issued in April 2006 pursuant to a subscription receipts financing.
About Golden China Resources Corporation:

Golden China Resources Corporation is a significant participant and consolidator in the Chinese precious metal industry and one of the largest producers of gold in China. The company is using its extensive knowledge of the Chinese marketplace and best practices based on established international standards in building a diversified gold business focused on exploration and development, operations, and corporate development in the Chinese precious metal industry.  Golden China's shares are listed on the main boards of both the Toronto Stock Exchange and the Australian Securities Exchange under the symbol GCX.

For further information please contact:

Golden China Resources Corp.
Kristen (Boucher) Humphrey
Communications Manager
Tel: 416.366.8818 ext. 230
khumphrey@goldenchina.ca
www.goldenchina.ca 

or 

Renmark Financial Communications Inc.
Barbara Komorowski : bkomorowski@renmarkfinancial.com
Julien Ouimet : jouimet@renmarkfinancial.com
Tel.:  514.939.3989
Fax:  514.939.3717
www.renmarkfinancial.com

Forward-Looking Statements:  Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulatory authorities.  Such information contained herein represents management's best judgment as of the date hereof based on information currently available.  The Company does not assume the obligation to update any forward-looking statement.

THE TSX AND ASX HAVE NOT REVIEWED AND DO NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.