REG-Central China Goldfields PLC: BULLABULLING PROJECT

Central China Goldfields plc

("GGG" or "the Company")

BULLABULLING PROJECT ACQUIRED

GGG EXTENDS JV OPTION TO 30 JUNE 2010

22 April 2010

Following the announcement on 22 March 2010, Auzex Resources Limited ("Auzex")
together with GGG has today signed the Sale and Purchase Deed to acquire all
the rights, title and interest in the Bullabulling Project in Western Australia
from Jervois Mining Ltd. On deal completion, the tenements and assets of the
Bullabulling Project will be transferred directly to the Joint Venture between
Auzex and GGG.

As part of this process, on the 31March 2010 GGG paid an initial AUD$ 250,000
to Auzex to assist with the acquisition of the Bullabulling Project. In
consideration for this early payment and in order to finalise the Joint Venture
Agreement, Auzex has agreed to extend the closing date for payment of the rest
of the GGG option (AUD$ 2,250,000) in respect of the Bullabulling Project to 30
June 2010. Approximately AUD$ 600,000 of the payment will used to replace 50%
of the security bond for the tenements with Auzex paying the remaining 50% of
the bond.

In the event that the final payment on Bullabulling is not completed by GGG,
the initial AUD$ 250,000 would then convert into Auzex shares at the 20 days
volume weighted average price and the Bullabulling Project would revert back to
Auzex.

Completion of the acquisition is subject to customary conditions precedent
including ministerial approvals and replacement of the security bonds, most of
which are expected to be obtained before the end of June 2010.

Jervois has granted Auzex a right of access to the Bullabulling Project until
completion to conduct exploration and development activities aimed at
understanding the controls and distribution of gold mineralisation. Results of
these investigations are expected shortly. Drilling to determine current
resources is expected to commence within three months, at which time the
proposed Joint Venture will appoint a project manager to oversee a feasibility
study estimated to be completed within twenty four months.

For further information, please contact:

Central China Goldfields plc Westhouse Securities Limited

Dr. Jeffrey Malaihollo Tim Metcalfe / Martin Davison

Tel: 01992 531820 Tel: 020 7601 6100

Email: info@ccgoldfields.com

www.ccgoldfields.com Alexander David Securities
Limited

Nick Bealer / David Scott

Tel: 020 7448 9820

END