Hanfeng Enters Into Long Term Potash Supply Contract

TORONTO, ONTARIO, Jul 23 (MARKET WIRE) --
Hanfeng Evergreen Inc. (TSX: HF) ("Hanfeng "or the "Company"), a leading
producer of slow and controlled release fertilizers in China, announced
today that it has entered into a contract with Suifenhe Wanshida Chemical
Fertilizer Co., Ltd. ("Wanshida") to secure a 3 year supply of potash.
The contract allows for an initial purchase of 100,000 tonnes of potash
in the first year, with an annual increase of 50,000 tonnes each year
through July 2011. Wanshida is a direct distributor in China for JSC
Silvinit, one of the two largest potassium fertilizer producers in
Russia, as well as one of twenty-five domestic enterprises that have been
granted a potash import license by the Ministry of Commerce in China.
Given its close proximity to the Russian border, Wanshida is able to
enjoy a significant cost advantage by shipping potash directly from
Russia to China by rail.

"This agreement marks the beginning of what we anticipate will be a
successful relationship with Hanfeng," stated Xiaoguang Wang, President
of Wanshida. "We expect to begin shipments to their Heilongjiang facility
within the next 30 days. In the long term, we see a significant
opportunity to utilize both their rail spur and their proposed
distribution network, once both are operational, as a conduit for further
potash imports."

"Currently 83% of Hanfeng's production is slow release NPK (nitrogen,
phosphate, potash) products. A stable and controllable cost based potash
supply plays a significant role in our current requirements as well as
our future growth," stated Xinduo Yu, President and CEO of Hanfeng.
"Potash is one of the more scarce nutrients for farmers in China and our
technologies are recognized as the most efficient and effective in
increasing crop yields. We expect to continue to expand our product
offering to include additional potash related products in the future."

About Hanfeng Evergreen Inc.

Hanfeng is the largest producer of slow and controlled release
fertilizers in China. It was the first company to introduce the concept
of slow and controlled release fertilizers into China's agriculture
market with its establishment of the first commercial scale production in
China. All production facilities are located in prime agricultural
regions of China. The Company is headquartered in Toronto, Ontario and
its shares trade on the Toronto Stock Exchange. www.hanfengevergreen.com

This press release contains forward-looking statements based on current
expectations. These forward-looking statements entail various risks and
uncertainties that could cause actual results to differ materially from
those reflected in these forward-looking statements. Risks and
uncertainties about Hanfeng's business are more fully discussed in the
Company's disclosure materials, including its annual information form and
MD&A, filed with the securities regulatory authorities in Canada. All
amounts are stated in Canadian dollars except for noted otherwise.

Contacts:
Hanfeng Evergreen Inc.
Madeline Haiying Yu, CA
Chief Financial Officer
(416) 368-8588
Email: info@hanfengevergreen.com
Website: www.hanfengevergreen.com

Spinnaker Capital Markets Inc.
Kevin O'Connor
Investor Relations
(416) 962-3300
Email: ko@spinnakercmi.com

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