China Natural Resources' Subsidiary Enters Into Bank Financing Arrangement

HONG KONG, July 7 /PRNewswire-FirstCall/ -- CHINA NATURAL RESOURCES, INC.
(Nasdaq: CHNR), a company incorporated in the British Virgin Islands, today
announced that Bayannaoer Feishang Copper Company Limited, the Company's
indirect 60%-owned subsidiary based in the People's Republic of China, had
entered into a series of agreements relating to a RMB250 million
(approximately US$36.59 million) bank loan from The People's Bank of China,
Shenzhen Branch. Feishang Copper is principally engaged in the smelting and
refining of blister/anode copper and sulfuric acid for distribution in the
PRC. The purpose of the bank loan is to finance the operation of Feishang
Copper.

The principal amount of the loan is to be repaid in RMB50 million
(approximately US$7.32 million) installments, during the period from October
1, 2010 through July 1, 2013, when the then outstanding principal amount of
the Bank Loan is due and payable. Interest on the loan is payable quarterly,
commencing September 21, 2009, at the base lending rate of The People's Bank
of China from time-to-time in effect (currently 5.76% per annum). The bank
loan is secured by all of the land, building and plant and machinery of
Feishang Copper, and repayment of the loan has been guaranteed by Mr. Li
Feilie (the Company's Chairman, Chief Executive Officer and principal
beneficial owner), Feishang Copper and by Anhui Wuhu Port Storage and
Transportation Co. Ltd., a related party through common control by Mr. Li
Feilie. The primary borrower under the loan agreements is Shenzhen Feishang
Enterprise Co. Ltd. ("Shenzhen Feishang"), a related party through common
control by Mr. Li Feilie. Shenzhen Feishang has agreed to serve as primary
borrower in order to meet the bank's lending policies, and will disburse the
loan for use by Feishang Copper.

Mr. Feilie Li, the Company's Chairman, commented on the loan: "Following the
PRC government's unveiling of a RMB4 trillion economic stimulus package in
November 2008, it is generally expected that the prospects for the PRC copper
market will soon be revived. This loan, which bears a relatively lower
interest cost, signifies the bank's recognition of the Company's copper
smelting business and relatively low debt position. We will continue our
acquisitions strategy in coal and non-ferrous metal/ iron projects."

For the convenience of the reader, amounts in Renminbi ("RMB") have been
translated into United States dollars ("US$") at the rate of US$1.00=RMB6.8319
quoted by The People's Bank of China as at June 30, 2009. The RMB is not
freely convertible into foreign currencies and no representation is made that
the RMB amounts could have been, or could be, converted into US$ at that rate,
or at all.

This press release includes forward-looking statements within the meaning of
federal securities laws. These forward-looking statements are based upon
assumptions believed to be reliable, but involve risks and uncertainties that
may cause actual results of operations to differ materially from the
forward-looking statements. Among the risks and uncertainties that could cause
our actual results to differ from our forward-looking statements are our
intent, belief and current expectations as to business operations and
operating results of the Company, uncertainties regarding the governmental,
economic and political circumstances in the People's Republic of China, risks
and hazards associated with the Company's mining activities, uncertainties
associated with ore reserve estimates, uncertainties associated with metal and
coal price volatility, uncertainties associated with the Company's reliance on
third-party contractors and other risks detailed from time to time in the
Company's Securities and Exchange Commission filings. Although the Company's
management believes that the expectations reflected in forward-looking
statements are reasonable, it can provide no assurance that such expectations
will prove to be accurate.

SOURCE China Natural Resources, Inc.

Edward Wong, Chief Financial Officer, China Natural Resources, Inc.,
011-852-2810-7205, cfo@chnr.net