Jinshan Enters Into Memorandum of Understanding to Develop Gold Business With Monnis International Inc.
VANCOUVER, BRITISH COLUMBIA, Dec 31, 2009 (MARKETWIRE via COMTEX) -- Jinshan Gold Mines Inc. (TSX: JIN) is pleased to announce that it has entered into a memorandum of understanding with Monnis International Inc. to jointly explore and develop gold projects in Mongolia. Monnis International Inc. was established in 1998 as an official distributor of one of the world's leading car manufacturers, Nissan Motor Co., Ltd in Mongolia. The company has now expanded its activities and has gained particular position in the fields of geology, mining, energy, construction, international freight forwarding, foreign trade, automotive service, communication, banking, and air industry, with over 600 employees. Jinshan and Monnis shall have 51% and 49% equity interest, respectively, in the acquired projects. Jinshan will control and manage the acquired projects. Jinshan believes its partnership with Monnis will allow Jinshan to build and grow strong business in Mongolia.
About Jinshan
Jinshan is a mining company whose principal property is the CSH Gold Mine. Jinshan began producing gold at the CSH Gold Mine in July 2007 and is actively advancing its portfolio of gold exploration properties in China. Jinshan's shares are listed on the TSX under the symbol "JIN".
Please visit our website at: www.jinshanmines.com.
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