Gold Horse International, Inc. Completes Key Construction Projects, Begins Work on Two Additional Projects Valued at $43.0 Million

HOHHOT, China, Dec. 18 /PRNewswire-Asia/ — Gold Horse International, Inc.,
(OTC Bulletin Board: GHII) (“Gold Horse” or “the Company”), a multifaceted
business group that controls and operates a construction company, real estate
development business and a hotel in Inner Mongolia, China, today announced
that the Company successfully completed three key construction projects in
November as scheduled. The total revenue generated over the life of the
contracts, which commenced in March and April 2008, was RMB 548.6 ($80.2
million).

In November 2008, the Company completed the following projects on schedule:
the Tian Fu Garden residential project (phases one and two), phase one of the
Ai Bo Garden residential apartment project, and phase two of the Riverbank
Garden Community residential project (also known as He Ban Garden residential
apartment project). All projects were completed within budget and
comprehensive inspections have been carried out. Over the life of the
contracts, the Tian Fu Garden residential project generated revenue of RMB
232.5 million ($33.9 million), phase two of the Riverbank Garden Community
residential project generated revenue of RMB 200 million ($29.2 million) and
phase one of the Ai Bo Garden residential apartment project generated revenue
of RMB 116.1 ($17.0 million).

In addition, the Company has secured new construction work valued at RMB
294.2 million ($43.0 million) with an expected gross profit of RMB 58.6
million ($8.6 million).

The Fu Xing Committee Bath Center project, valued at RMB 165.8 million
($24.2 million), contains one building with a construction area of 46,054
square meters. Jin Ma Construction Co. Ltd., an entity controlled and
operated by Gold Horse, began construction in November 2008 and expects to
complete the project in August 2009 with an estimated gross profit of RMB 33.0
million ($4.8 million).

Gold Horse also began construction of the second phase of the Ai Bo Garden
residential apartment this month after successfully completing the first phase
in November 2008. Valued at RMB 128.4 million ($18.8 million), this project
contains nine buildings with a construction area of 116,700 square meters.
Gold Horse expects to complete this project in June 2009 with an estimated
gross profit of RMB 25.6 million ($3.8 million).

“We are pleased to announce the timely completion of these key
construction projects to the highest standards, further solidifying our
reputation as a valued and reliable contractor in Hohhot,” said Mr. Liankuan
Yang, chairman and CEO of Gold Horse. “By securing projects that meet our high
profit-margin standards combined with our access to local bank loans, we
expect to meet our full-year revenue guidance for 2009 of approximately $90
million,” added Mr. Yang.

About Gold Horse International, Inc.

Gold Horse International, Inc., through its wholly owned subsidiaries,
Gold Horse International, Inc. (Nevada) and Global Rise International Ltd.,
controls and operates Inner Mongolia Jin Ma Construction Co., Ltd., Inner
Mongolia Jin Ma Hotel Co., Ltd., and Inner Mongolia Jin Ma Real Estate
Development Co., Ltd., all based in Hohhot, the regional capital of Inner
Mongolia Autonomous Region in China. Jin Ma Construction has been providing
construction and general contractor services in Hohhot to both private
developers and to the local and regional governments since 1980. Jin Ma Hotel
owns, operates and manages the Jin Ma Hotel, a full-service, two-star hotel
and restaurant and banquet facility located in Hohhot. Jin Ma Real Estate
develops residential and commercial properties in Hohhot.

Safe Harbor Statement

This release contains certain “forward-looking statements” relating to the
business of the Company and its subsidiary companies. These forward looking
statements are often identified by the use of forward-looking terminology such
as “believes, expects” or similar expressions. Such forward looking statements
involve known and unknown risks and uncertainties such as cost overruns, lack
of materials, projected earnings not realized and other risks of construction
that may cause actual results to be materially different from those described
herein as anticipated, believed, estimated or expected. Investors should not
place undue reliance on these forward-looking statements, which speak only as
of the date of this press release. The Company’s actual results could differ
materially from those anticipated in these forward-looking statements as a
result of a variety of factors, including those discussed in the Company’s
periodic reports that are filed with the Securities and Exchange Commission
and available on its Web site (www.sec.gov ). All forward-looking statements
attributable to the Company or to persons acting on its behalf are expressly
qualified in their entirety by these factors other than as required under the
securities laws. The Company does not assume a duty to update these forward-
looking statements.

    Note: US dollar amounts in this press release are based on the exchange
          rate of 6.8400 RMB per US dollar as of December 17, 2008.

    For more information, please contact:

    Gold Horse International, Inc.
     Mr. Adam Wasserman, CFO
     Phone: +1-800-867-0078
     Email: adamw@cfooncall.com

    CCG Investor Relations
     Mr. Crocker Coulson, President
     Phone: +1-646-213-1915
     Email: crocker.coulson@ccgir.com
     Web:   http://www.ccgirasia.com

SOURCE Gold Horse International, Inc.