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Golden Dragon Holdings, Inc. Establishes Imported Organic Food Agreement During the Grand Opening of the 1st Green Food Supermarket

Posted on: Thursday, 21 August 2008, 09:00 CDT

Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI) (www.gdfbhk.com) announces its attendance to the grand opening of Green Food Supermarket chain in Beijing's Chao Yang District in March of 2008, with today's finalization of an exclusive agreement to import organic foods to Green Food Supermarket chain.

This alliance will establish the foundation to sell, market and distribute organic food products to Green Food Supermarket in China. Covering nearly 35,000 sq. ft., the Beijing Chain Green Food Supermarket is the first 100% organic supermarket in China. Utilizing its aggressive management, it plans to establish 100 chains by year end 2010 throughout China. Under these terms, GDHI will be the sole distributor of imported organic food products to this supermarket chain. GDHI will also play a key role in the marketing and advertising of the imported organic food products for Green Food Supermarkets in the Chinese market.

Grand opening link: http://www.gdfbhk.com/GFS.html

In over two decades of stellar economic development, China has bolstered not only an ever-increasing middle class, but also an increased awareness of a seriously contaminated environment. Many local entrepreneurs have successfully grown and distributed "green" produce in South China while sales of organic food are quickly gaining ground in many mid- to high-end supermarket chains. However, worrying about whether the Chinese organic food would live up to what the label claims to be, many Chinese consumers hesitate to buy products that are generally three to five times more expensive than regular items. So far, there are very limited organic food categories in the South China market, which also indicates opportunities for US organic exporters.

About Golden Dragon

Golden Dragon Holdings, Inc. (GDHI) is a USA publicly traded company that owns and operates Golden Dragon Food & Beverage Import & Export Company of Hong Kong, Ltd. (GDHK) in central Hong Kong. Golden Dragon Holdings, Inc. has agreements with USA food manufacturers. GDHI acts as a buying agent for GDHK, negotiating vendor contracts and services with USA food and beverage industry partners.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Golden Dragon Holding's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Golden Dragons Corporation's periodic reports filed with the regulatory authorities.

 Contact: Frank J. Yglesias ir@gdfbhk.com 1-888-889-8185 Ext. 3 http://www.gdfbhk.com

SOURCE: Golden Dragon Holdings, Inc.

Source: MARKET WIRE

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