Feishang Anthracite Resources Limited (FSHRF)

China Natural Resources To Acquire Precise Space-Time Technology

China Natural Resources, Inc. (NASDAQ: CHNR) (the "Company") announced today that it has agreed to acquire Precise Space-Time Technology Limited ("Precise Space-Time Technology") for consideration of approximately 104.1 million Chinese Yuan (US$16.1 million), which is a 20% discount to the value of Precise Space-Time Technology as determined by an independent valuation firm. The consideration will be comprised of 120 million shares of Feishang Anthracite Resources Limited (HK: 1738) held by the