Michelago Limited will hold its meeting of its shareholders and option holders to approve the Golden China-Michelago business combination on December 6.

Michelago shareholders and option holders previously voted in favour of the business combination by a substantial majority at a meeting on June 30, 2006; however, because of an adjustment to the terms of the transaction, Michelago shareholders and option holders are required by law to vote on the revised terms of the transaction.

Golden China shareholders voted in favour of the business combination on September 28, 2006 by a margin of 99.8%.

Golden China Resources Corporation is a public company focused on the exploration and development, operations, and merchant banking in the Chinese precious metal industry.

Golden China is capitalizing on a combination of its international mining and financing expertise and a partnership with the Hong Kong-based financial services provider, Kingsway Group, to become a significant participant and consolidator in China's developing precious metals sector.

Golden China has announced a planned business combination with Michelago Limited to become a significant participant and consolidator in the Chinese precious metal industry and one of the largest producers of gold in China.