Caisse de dépôt et placement du Québec acquires shares of Golden China Resources Corporation

Caisse de dépôt et placement du Québec ("Caisse") announces that it has acquired, on the Toronto Stock Exchange, 500,000 common shares of Golden China Resources Corporation ("Golden China") at an approximate price of $0.85 per common share, for an aggregate subscription price of $425,000 representing 1% of the common shares outstanding of Golden China.

Before this transaction, Caisse held 2,170,000 common shares of Golden China, or 4.39% of such shares outstanding. The holding by Caisse of a percentage of 4.39% is due to an important increase in the common shares outstanding of Golden China following the business combination made with Michelago Limited of Australia ("Business Combination"). Prior to the Business Combination, the 2,170,000 common shares held by Caisse represented 9.53% of the common shares outstanding.

Caisse also holds 1,800,000 share purchase warrant of Golden China. Each share purchase warrant is exercisable to purchase one common share of Golden China at a price of $0.25 per warrant share on or before December 8, 2007.

Golden China will have the right to require from Caisse that it exercises the share purchase warrants if the volume weighted average price of the common shares for any period of fifteen (15) consecutive trading days equals or exceeds $0.30 per share.

Following the purchase of the 500,000 common shares, Caisse owns 2,670,000 common shares of Golden China, or 5.34% of such shares outstanding. If Caisse were to exercise all of its warrants, its participation would represents a total of 4,470,000 common shares of Golden China, or 6.18% on a partially diluted basis.

This transaction was made for investment purposes and Caisse could increase or decrease its investments in Golden China depending on market conditions or any other relevant factor.