China Shen Zhou Mining & Resources Announces Completion of the Manufacturing Capacity...

China Shen Zhou Mining & Resources Announces Completion of the ManufacturingCapacity Expansion Project for 300,000 Metric Tons of Fluorite Ores Extractionand 200,000 Metric Tons of Fluorite Ores Processing AnnuallyCompany Anticipates Approximately $24 Million Increase in Fluorite SegmentRevenues in 2008BEIJING, Nov. 30 /Xinhua-PRNewswire-FirstCall/ -- China Shen Zhou Mining &Resources, Inc. (OTC Bulletin Board: CSZM), a leading company in theexploration, development, mining and processing of fluorite, zinc, lead,copper, and other nonferrous metals in the PRC, today announced the Companyhas finally completed its manufacturing capacity expansion project for 300,000metric tons of fluorite ores extraction and 200,000 metric tons of fluoriteores processing. With the current overall manufacturing capacity, the Companyanticipates an approximately $24 million increase in its fluorite segmentrevenues in 2008.

On November 28th 2007, a grand ribbon-cutting ceremony was held in theSumo Chagan Aobao Fluorite Mine, located in Siziwangqi, Inner MongoliaAutonomous Region. All the Senior Management members of the Company as wellas senior governmental officials from Wulanchabu City and Inner MongoliaAutonomous Region participated in the celebrating ceremony, including Mr. ChenRuiqing, Vice Director of the Standing Committee, National People's Congressfor Inner Mongolia Autonomous Region; Mr. Xue Peiming, Vice Mayor ofWulanchabu City; Mr. Xiao Wanshou, General Secretary of the SiziwangqiAdministration and Mr. Jiang Fulin, General Secretary of the National FluoriteAssociation.Mr. Chen Ruiqing delivered an important speech, presenting warmcongratulations on the Company's great achievements and expecting the Companyto develop more quickly and make more contributions for the regional economy.Jessica Yu, CEO for China Shen Zhou Mining & Resources commented, ''We arevery excited to announce the completion of the manufacturing capacityexpansion project in the Sumo Mine. With the new large-scale processing plantcoming on line, the Company expects to increase its manufacturing capacitysignificantly: the extracting capacity will be expanded to 300,000 metric tonsand processing capacity to 200,000 metric tons annually. We plan to extract300,000 metric tons of fluorite ores and manufacture 120,000 metric tons ofrefined fluorite powder in the next year. Therefore we anticipate thefluorite segment revenues will increase by approximately $24 million in 2008.Ms. Yu added, "We are even more committed to focusing on the expansionstrategy and increasing our production capacity, facing the favorable pricingenvironment and the strong market demands for our fluorite products in theChinese market. As proven in the authoritative evaluation report by SRKConsulting, the Sumo Mine has a total of 8.14 million metric tons of fluoriteresources, which is believed to be the largest fluorite reserves in northernChina as well as one of the top single fluorite mines with high purity andgrade in Asia. In view of the abundant reserves, we have built the largestfluorite processing plant with the newest and most advanced equipments innorthern China. All these advantages will contribute greatly to ourprofitability in the future and serve as a solid foundation for the Company'ssmooth and rapid development in the longer term.

Finally Ms. Yu pointed out, "Having the largest amount of fluoritereserves in China, we intend to enter the high margin, rapidly growingdownstream market for fluorite chemicals in 2008. We believe the Chinesefluorite chemicals market presents a growth potential for us in the next fewyears. Refined fluorite powder is important and necessary raw materials forall related fluorite chemicals products. We aim to take advantage of ourfluorite reserves and enhance the Company' profit margins. We are confidentsuch initiatives will maximize shareholders' value and position the Companywell for long-lasting development. All in all, as the largest fluoriteextracting-and-processing company in northern China, we are determined todevelop at a faster speed and gain more market share in the fluorite segmentmarket over the next few years.

About China Shen Zhou Mining & Resources, Inc.China Shen Zhou Mining & Resources, Inc. conducts all of its businessthrough its subsidiary, American Federal Mining Group ("AFMG"), which, inturn,conducts its business through its Subsidiaries. The principal business ofAFMG is the exploration, development, mining, and processing of fluorite,zinc,lead, copper, and other nonferrous metals in the PRC. AFMG has its principalareas of interest in the PRC: (a) fluorite exploration and extraction in theSumochaganaobao region of Inner Mongolia Autonomous Region; and (b)zinc/copper exploration, mining and processing in Xinjiang Uygur AutonomousRegion; and (c) zinc/copper/lead exploration, mining and processing inWulatehouqi of Inner Mongolia Autonomous Region

Safe Harbor Statement

Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities LitigationReform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should,""project," "plan," "seek," "intend," or "anticipate" or the negative thereofor comparable terminology. Such statements typically involve risks anduncertainties and may include financial projections or information regardingour future plans, objectives or performance. Actual results could differmaterially from the expectations reflected in such forward-looking statementsas a result of a variety of factors, including the risks associated with theeffect of changing economic conditions in The People's Republic of China,variations in cash flow, reliance on collaborative retail partners and on newproduct development, variations in new product development, risks associatedwith rapid technological change, and the potential of introduced or undetectedflaws and defects in products, and other risk factors detailed in reportsfiled with the Securities and Exchange Commission from time to time. For more information, please contact:

Sterling Song

Senior Investor Relations Manager

China Shen Zhou Mining & Resources, Inc.

Tel: +86-10-6887-2811

Email: investor@chinaszky.com

Web: http://www.chinashenzhoumining.comSOURCE China Shen Zhou Mining & Resources, Inc.Sterling Song, Senior Investor Relations Manager of China Shen Zhou Mining &Resources, Inc., +86-10-6887-2811, or investor@chinaszky.com