Golden China Resources Announces Annual Results

Toronto, Ontario, September 28, 2005. Golden China Resources Corporation ("Golden China" or the "Corporation") (TSX-V: AUC), a participant in the Chinese precious metals mining industry, announces its audited results for the year ended June 30, 2005. The results for the year reflect the completion of the business acquisition by APAC Minerals Inc. ("APAC") of Golden China Inc. ("GCI") and a subsequent name change to Golden China Resources Corporation. The acquisition has been accounted for as a reverse purchase acquisition ("RTO") as the former shareholders of GCI acquired the majority of the outstanding shares and control of the combined company as a result of the acquisition. The consolidated financial statements of Golden China reflects the historical results of the predecessor entity, GCI and the consolidated results of operations of the Corporation subsequent to the acquisition date of March 17, 2005.



The net loss for the year ended June 30, 2005 was $2,843,000 - loss per share was $0.05. No comparative amounts are available since GCI was inactive for the period from the date of inception, February 26, 2004 to June 30, 2004. Golden China has a working capital of $9,945,000 as at June 30, 2005. In addition, the Corporation holds securities with a carrying amount of $4,481,000 (fair value of $4,316,000). The Corporation has 82,306,264 common shares issued and outstanding. Additional information about the Corporation including the financial statements, notes thereto, press releases and other filing are available on the internet at www.goldenchina.ca or on SEDAR at http://www.sedar.com .

About Golden China Resources Corporation:

Golden China Resources Corporation is a public company focused on exploration and development, operations and merchant banking in the Chinese precious metal industry. Golden China is capitalizing on a combination of its international mining and financing expertise and a partnership with the Hong Kong based financial services provider, Kingsway Group, to become a significant participant and consolidator in China's developing precious metals sector.

For further information please contact:

Golden China Resources Corporation

Garry Stein, Vice President &

Chief Investment Officer

Tel.: (416) 366-8818 x235

Fax: (416) 366-8828

info@goldenchina.ca

www.goldenchina.ca



Renmark Financial Communications Inc.

Tina Cameron: tcameron@renmarkfinancial.com

Christopher Wells: cwells@renmarkfinancial.com

Media - Cynthia Lane: clane@renmarkfinancial.com

Tel. : (514) 939-3989

www.renmarkfinancial.com













Forward-looking (safe harbour) statement

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 Regulators. 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.



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