June 29, 2005
Jinshan To Extend Warrants
VANCOUVER, CANADA -- Jinshan Gold Mines Inc. (TSX-V:JIN) announces that it has made an application to the TSX Venture Exchange (the "Exchange") to extend the expiry date of the 5,100,000 share purchase warrants (the "Warrants") originally issued pursuant to a private placement of 5,100,000 units at a price of $0.90 per unit on July 2, 2002. The Warrants were originally set to expire July 2, 2004, however Jinshan applied for and received permission from the Exchange to extend the expiry date. Currently, each warrant entitles the holder, Ivanhoe Mines Ltd., to acquire one additional common share of the company at a price of $1.15 per common share until July 2, 2005. If accepted by the Exchange, the company will extend the expiry date of the outstanding warrants to July 2, 2006. No other terms of the warrants will be amended.
Jinshan Gold Mines is a Canadian company advancing one of the largest gold development projects in China ─ the CSH (217) gold property. The company also is focused on the exploration and development of gold and copper projects in Asia. The company is currently conducting exploration work on prospective properties in Xinjiang, Yunnan, Gansu, Guizhou and Inner Mongolia, in China.
Jinshan shares are listed on the TSX Venture Exchange under the symbol JIN.
Investors: Bill Trenaman / Media: Bob Williamson: +1.604. 609.0598
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: Statements in this release that are forward-looking statements, including the ongoing and planned exploration and development work, and optimization and metallurgical studies at the CSH (217) Gold Project are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The company does not assume the obligation to update any forward-looking statement.
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