MISSISSAUGA, Ontario, May 23, 2005 (PRIMEZONE) -- China Resources Group Ltd. (Pink Sheets:CAEO) (the "Company" or "CRG"), an emerging resource exploration company, is pleased to announce the formation of its Strategic Advisory Board.
"The first few months of 2005 have been extremely exciting and productive for China Resources," said Gerry Belanger, President and CEO. "We are rapidly moving toward the completion of initial due diligence on several promising projects and the formation of a Strategic Advisory Board will provide us with access to additional experienced and proven corporate leaders that will offer invaluable guidance to the Company as it continues to execute its business plan."
First to join CRG's Strategic Advisory Board is Mr. V. Lewis Lawrick. Mr. Lawrick is a partner of Birkenshaw & Company Ltd., a Toronto-based company that provides investment banking and advisory services to the mining industry. Mr. Lawrick currently serves on the board of directors of several publicly traded mineral exploration companies.
"I am extremely honored to have someone of Mr. Lawrick's caliber become the first member of the CRG Strategic Advisory Board. His extensive knowledge of mining, investment banking, and China business practices will be a great benefit to the Company and its shareholders going forward."
CRG intends to appoint additional members to the Strategic Advisory Board over the next several weeks, which will further enhance management's ability to direct the future growth of the Company.
About China Resources Group Ltd.
China Resources Group is an emerging resource exploration company focused on the acquisition and development of high-potential exploration properties in China. China Resources Group shares are traded over-the-counter on the Pink Sheets.
To learn more about China Resources Group, visit www.chinaresgrp.com
Disclaimer: Portions of this press release include "forward-looking statements", which may be understood as any statement other than a statement of historical fact. Forward-looking statements contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from management's expectations and projections expressed in this press release.