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BEIJING, June 4, 2009 /PRNewswire-FirstCall via COMTEX/ -- Golden Dragon
Holdings, Inc. (Pink Sheets: GDHI) www.gdfbhk.com. is pleased to be able to
update our shareholders and potential investors on some of the exciting projects
we are working on. Most of these updates are a direct result of Mr. Cuenca's
visit to the Fenavin Wine Fairs in Spain. http://www.fenavin.com/

Mr. Cuenca's visit to the Fenavin Fair was a success. He was able to meet with
some of the leading wine manufacturers in Spain and spent some time touring the
wineries and their installations. Some of the wineries that we are working on
signing a contract are Frutos de Villar, Bodegas Valdellana, Bodegas Martinez
LaCuesta, Bodegas Conde, Bodegas Rejadorada, Bodegas Altovela and also a couple
of ecological wineries such as Bodegas Parra Jimenez. All the mentioned wineries
are leaders in the Global markets with wines that are recommended by expert
magazines such as Wine Spectator, Wine Enthusiast and Robert Parker.

Forecasts

Datamonitor forecasts that the Chinese grape wine market should increase by
roughly 7% by 2011. Datamonitor also predicts that fortified wine will maintain
its position as the leading category in the total wine market. The fortified
wine category is expected to see a year-on-year growth of 3.8% between 2006 and
2011 and account for 62.7% of the total wine market in 2011- a drop of 0.8%
compared to a market share of 63.5% in 2006. The Chinese fortified wine market
is expected to rise to CNY27,692.7 (US$3,433.9) million by the end of 2011 - a
sales increase of CNY4,757.9 (US$590) million for the five-year period spanning
2006-2011.

Mr. Cuenca will be traveling to Spain within the next two weeks to finalize the
contracts and start working with the wineries on product registration and
marketing development.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.'
Statements describing objectives or goals or the Company's future plans are also
forward-looking statements and are subject to risks and uncertainties, including
the financial performance of the Company and market valuations of its stock,
which could cause actual results to differ materially from those anticipated.
Forward-looking statements in this news release are made pursuant to the 'Safe
Harbor' provisions of the United States Private Securities Litigation Reform Act
of 1995.

SOURCE Golden Dragon Holdings, Inc.



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