Sino Gold Limited Jinfeng Gold Mine has been awarded the inaugural Development of the Year Award announced at the China Mining Congress last month.

The Jinfeng Gold Mine development is the largest investment in China 's mining industry by a foreign company.

Sino Gold's CEO, Mr Jake Klein, said: "I would like to thank the China Mining Congress for being honoured with this prestigous award.

"Many people have contributed to the development of Jinfeng and this award provides some recognition of their efforts. The award also recognises the project's high standards of safety, environment and community relations."

About Sino Gold

Sino Gold has been active in China since 1996 and listed on the Australian Stock Exchange since 2002.

The Jianchaling Mine produced approximately 450,000 ounces of gold for the company from 1998 to 2006.

The company is now developing the Jinfeng Mine in Guizhou Province that is expected to start commercial gold production in the March 2007 quarter. With resources of 4.0 million ounces and reserves of 2.9 million ounces contained, Jinfeng will be a major, long-life operation.

Sino Gold has demonstrated capability to gain approvals for, and to successfully develop, gold projects in China .

Sino Gold is a growth gold company that is actively pursuing a discovery and acquisition strategy. With a "first mover" advantage, it holds a strong competitive position in China . www.sinogold.com.au