GUANGNING, China, April 18, 2006 (PRIMEZONE) -- Morning Star Holdings, Inc. (Pink Sheets:MSRH), a Nevada Corporation, is pleased to announce that it has signed a definitive agreement with China Gold Corp. (CGC), The corporation will also be changing its name to China Gold Corp. (Pink Sheets:CGDC), to better reflect its core business, effective Wednesday, November 15, 2005 the new trading symbol will be "CGDC" and a new CUSIP number 16938L106. Mr. Dan Baxter has resigned as Director and President of the Company and all current management of Morning Star Holdings, Inc. have resigned. Mr. Tommy C.W. Chu has been appointed as President and C.E.O. to the Company.
Tommy C.W. Chu commented: "As the newly appointed president and CEO of China Gold Corp. my vision is clear, and I'm ready for the challenge given to me with this position. I intend to move CGC in a forward direction toward the completion of our business plan and acquisition strategy, as originally intended. My goal is to build China Gold Corp. into the premier gold and mineral company, particularly as it relates to the emerging gold and mineral industries in China."
Mr. Tommy C.W. Chu, B.A in Economics and Accounting Diploma achieved. Mr. Chu is a business entrepreneur who has over 25 years experience. He has spent over 16 yrs experience taking charge of financial management, reporting, budgeting, cash flow and tax compliance for the account of companies both in Hong Kong and China. He also helped develop accounting policy, internal control and implementation. He had successful executive level management, consulting, and various levels of business clientele and government regulatory agencies both in Hong Kong and China
In his earlier career, Mr. Chu spent 5 years with Chu's Consulting Service Ltd in which he was the Founder, President and CEO of the company. The company provides consulting services to businesses in China. The focused industries are: import and export traders, hospital and rehabilitation centers, financial and investment, banking, resource, and mineral companies. In addition, provide geological and geophysical data acquisition, management, drafting lease applications and acted as primary liaison between clients, the state and federal government personnel; including technical and regulation offices for the resource and minerals company both in China and international.
About The Company
China Gold Corp. is a Nevada Corporation, engaged gold and minerals exploration and development of gold and mineral properties in China. China Gold Corp. is dedicated to delivering growth to the shareholder by employing a disciplined business methodology through acquisitions and joint ventures. The Company seeks to acquire properties with the following development criteria: largely unexplored but highly prospective geological regions, ability to generate near-term revenue and cash flow, tremendous geological potential for world-class economic deposits.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words ``anticipate,'' ``believe,'' ``estimate,'' ``may,'' ``intend,'' ``expect'' and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to price volatility of gold and other metals; currency fluctuations; political, operational, and governmental approval and regulation risks in China.