Golden Dragon Holdings, Inc. Signs its Largest Distribution Agreement to Date

BEIJING, Feb. 2 /PRNewswire-FirstCall/ -- Golden Dragon Holdings, Inc. (Other OTC: GDHI) http://www.gdfbhk.com, an international food and beverage distributor specializing in the distribution of U.S. food & beverage brands to the Chinese market, today announces that it has signed, its second deal with China Resources Enterprise Limited, aka/ Vanguard Group who operates more than 2,600 Supermarkets, Hyper Markets and Specialty Stores throughout China and Hong Kong. This agreement will allows us to sell and service all 40 Vanguard Supermarkets in Beijing.

Mr. Frank Yglesias CEO stated, "In today's conference call, I will be talking in more detail about the importance of these contracts, the huge responsibility, and the future relationship with the Vanguard Group."

Conference call detail:

Date: February 2nd, 2010

Time: 4:30 pm EST

Conference call Number: 218-339-3600

Access Code: 767741#

About China Resources Vanguard

China Resources Enterprise, Limited is a listed company on the Stock Exchange of Hong Kong (Stock Code: 00291) and is one of the constituent stocks of the Hang Seng Index. The Group focuses on the consumer businesses in both the Chinese Mainland and Hong Kong, with core activities being retail, beverage, food processing and distribution, textile and investment property.  The retail subsidiary has grown to become the No. 1 supermarket retailer in China. With over 2,600 chain stores located in Hong Kong, Shenzhen, Guangzhou, Zhong Shan, Zhu Hai, Su Zhou, Nan Jing, Beijing, Tianjin, Xian, Zheng Zhou and other major cities in PRC, CRV has more than 100,000 employees. With the diversified business, CRV currently operates 184 Vanguard Hypermarkets, 15 V'Ole Supermarkets, and 2,572 Vanguard Supermarkets and VnGO 24hrs convenience stores.

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.

SOURCE Golden Dragon Holdings, Inc.

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