"Our products, fluoritepowder, produced in Xiangzhen Mining will be sold directly to CNMC NingXiaOrient based on market price."About China Shen Zhou Mining & Resources, Inc.China Shen Zhou Mining & Resources, Inc., through its subsidiary, AmericanFederal Mining Group ("AFMG"), is engaged in the exploration, development,mining, and processing of fluorite and nonferrous metals such as zinc, leadand copper in China. to supply 60000~100000 metric tons of fluorite powder per year to CNMCNingXia Orient. CNMC NingXia Orient operates a plant to produce aluminumfluorite by using fluorite powder as raw material."The agreement establishes the foundation of a long term and stablerelationship between both companies during the current economic crisis," saidMs Jessica Yu, Chairwoman and CEO of China Shen Zhou. Basic and diluted loss per share was$0.11 and $0.15 for the three months ended March 31, 2009 and 2008,respectively.Long Term Strategy Cooperation PartnershipOn May 9, 2009, the Company's subsidiary, Xiangzhen Mining signed aStrategic Cooperation Partnership Agreement with CNMC NingXia Orient GroupCo.,LTD.

The decrease ininterest expense is mainly due to the difference in revaluation of the warrantliability.The Company incurred a net loss of $2.4 million for the three months endedMarch 31, 2009, a difference of $1 million as compared to a net loss of $3.4million for the same period of 2008. The decrease in general andadministrative expenses was primarily due to the Company's increasedefficiency on its control of expenses during the current economic crisis.Interest expense decreased by approximately $969,000 for the three monthsended March 31, 2009 as compared to the same period of 2008. The decline was mainly because of thesignificant increased transportation costs by our subsidiary, XiangzhenMining.General and administrative expenses decreased by approximately $0.55million to $1.42 million for the three months ended March 31, 2009 as comparedto $1.97 million in the same period of 2008. The Company ceased production of its non-ferrous metal segment in thefirst quarter of 2009.Gross profit for the three months ended March 31, 2009 was $62,000,representing a 67.71% decrease from $192,000 for the same period of 2008.Gross profit margin dropped from 26% for the three months ended March 31, 2008to 10% for the same period of 2009. This decrease is primarily attributed to depressed non-ferrous metalprices. dollars)BEIJING, May 13 /PRNewswire-Asia-FirstCall/ -- China Shen Zhou Mining &Resources, Inc. (NYSE Amex: SHZ) ("China Shen Zhou", or the "Company"), aleading company engaged in the exploration, development, mining and processingof fluorite, zinc, lead, copper, and other nonferrous metals in China, todayannounced its financial results for the first quarter of 2009 ended March 31,2009.First Quarter 2009 Financial ResultsNet revenues for the three months ended March 31, 2009 were $0.62 million,representing a $0.12 million or 17% decrease as compared to the same period of2008.

China Shen Zhou Mining & Resources, Inc. Announces First Quarter 2009Financial Results(All figures are in U.S. We are committed to providing the highest level ofquality to all our clients and assure your satisfaction in the report deliveringas promised. Key Topics Covered:* Preface * Introduction * Executive Summary * Industry Income Statement * Industry Balance Sheet * Capital Expenditures * Product Market Sizes * Cost Analysis * Pricing Analysis * Industry Foreign Trade * Industry Structure * Competitive Landscape * Appendix * Legal * Companies MentionedFor more information visit http:// WoodSenior Fax from USA: 646-607-1907Fax from rest of the world: +353-1-481-1716 Copyright Business Wire 2009. Our clients include Fortune 500 companies, manufacturers, international topconsulting firms, major retailers and wholesalers, professional tradeassociations, financial corporations, universities, governmental entities,start-ups and individuals. Our Fortune 500 customers consider this report the mostcomprehensive guide to the industry This industry comprises 3 U.S industries at 6-digit NAICS level.

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