Profile: China Shen Zhou Mining & Resources, Inc. (SHZ)

China Shen Zhou Mining & Resources, Inc. (CSZM) is engaged in mining, processing and distributing of fluorite ore, copper, zinc, lead and other mineral products. The Company’s business is conducted through its China-based subsidiaries. It operates mines in the Inner Mongolia Autonomous Region and Xinjiang Uygur Autonomous Region. American Federal Mining Group, Inc. (AFMG) is a holding company, whose principal business is the ownership of entities in the People’s Republic of China engaged in the acquisition, exploration, extraction and development of mining properties.

Fluorite

The Company extracts and processes fluorite ores or fluorspar in northern Inner Mongolia. During the year ended December 31, 2008, it extracted a total amount of 122,000 metric tons of fluorite ores. During 2008, the Company produced approximately 61,000 metric tons of high grade fluorite ores and sold 24,135 metric tons. During 2008, the Company also processed 32,087 metric tons of fluorite ores and produced 17,664 metric tons of fluorite powder and sold 15,243 metric tons.

Nonferrous

The Company extracts and processes zinc, copper and lead ores in central part of Inner Mongolia and northeastern part of Xinjiang Uyur Autonomous Region. Its final products are zinc concentrate, copper concentrate and lead concentrate, which are sold to metallurgical companies which in turn refine them into zinc, copper and lead ingots. During 2008, it produced zinc concentrate, copper concentrates and concentrate sulfur equivalent to 1,850 metric tons of zinc metal, 120 metric tons of copper metal and 20,342 tons of concentrate sulfur and sold zinc and copper concentrates equivalent to 1,850 metric tons of zinc metal, 145 metric tons of copper metal and 18,147 metric tons of concentrate sulfur, accounting for approximately 43%, 29% and 28% respectively, of the total revenues of its nonferrous business.

The Company competes with Jiangxi Yingpeng Mining Co., Ltd., Shandong Hongxing Fluorite Co., Ltd., Gansu Gaotai Hongyuan Mining Co., Ltd., Henan Tongbai Yinhe Mining Co., Ltd., Inner Mongolia Wulatehouqi Huogeqi Copper Mine (Huogeqi Mining) and Dongshengmiao Mining Industry Co, Ltd (Dongshengmiao Mining).