TIANSHAN GOLDFIELDS LIMITED

ASX/AIM Code TGF www.tianshangoldfields.com.au

Company Facts

Project Facts

• Located in the Tian Shan Gold Belt, home to some of the world’s giant gold deposits
• The Gold Mountain Project consists of exploration licences covering 512 square kilometres and hosts advanced gold exploration targets with the potential for both large tonage disseminated gold deposits and narrower grade opportunities

More Information

Tianshan Goldfields Limited (“Tianshan”) is a listed mineral exploration company which acquired the Gold Mountain Project from Minsec in October 2003. Tianshan holds a 90% interest in the Chinese incorporated joint venture company, Xinjiang Gold Mining Company Limited, which holds the Gold Mountain Project.

The Gold Mountain Project, in Xinjiang, north west China, is located in the Tian Shan Gold Belt, home to some of the world’s giant gold deposits.

As of 31 December 2006, the combined total Indicated and Inferred Mineral Resource for Yelmand, Jinxi (includes Balake) Mayituobi deposits and the new Lion prospect wihtin the Gold Mountain Project is estimated at 95 million tonnes at 0.9g/t Au for 2.8 million ounces of gold, at 0.5g/t Au cut off grade.

In December 2006, Tianshan reported a substantial resources revision to 2.84 million ounces at 0.9g/t.  More recently, Tianshan has announced the commencement of a pre-feasibility study at its flagship Gold Mountain Project.

The Company's exploration and drilling in 2006 have delivered a significant upgrade in the extent of the gold mineralisation at Gold Mountain and identified new prospects to explore on regional tenements in 2007.  Further work will involve infill resource drilling and some preliminary studies to scope a potential heap leach mining operation.

Regional exploration and drilling have supported the view that the Gold Mountain Project is part of a large gold mineralisation system, possibly larger than previously considered.

Gold Mountain has secured an interest in several new exploration licences within the highly prospective Tulasi Basin in NW China. The tenements are the result of an ongoing regional geological study, and has substantially increased the number of gold prospects to be assessed and explored. The exploration licences lie along a NW trending corridor comprising the Arxi Gold Mine (3.8Moz) and the Gold Mountain Project.

For more information on Tianshan click here tianshangoldfields.com.au, or phone +61 (0) 8 9221 7729.