Company Information for Tianshan Goldfields Ltd

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Company Statement

Tianshan is dual listed on the Australian Stock Exchange (ASX: TGF), and the AIM Market of the London Stock Exchange (AIM: TSX).

Tianshan Goldfields Limited is focused on developing its 90% interest in the Gold Mountain Project in north western China. China is now the largest gold producer in the world.

The Gold Mountain Project consists of exploration licences covering 632 square kilometres and hosts advanced gold deposits and exploration targets with the potential for both large tonnage disseminated gold deposits and narrower higher grade opportunities.

The Company currently has a total Indicated and Inferred Mineral Resource estimated at 95 million tonnes at 0.9g/t Au for 2.8 million ounces of gold (at 0.5g/t Au lower cut-off grade).

Current Operations

Jinxi-balake Deposit
Gold mineralisation at Jinxi-Balake is associated with breccias in a sub-horizontal blanket with higher grade sub-vertical zones. Drilling in 2006 has shown that the Jinxi deposit joins the newly discovered Balake prospect to the west and Pond prospect to the south east. Surface mapping and geophysical resistivity and ground magnetic surveys show there is a thick sequence of favourable stratigraphy to the west, south and south east yet to be drill tested.

Yelmand Deposit
The Yelmand deposit, located one kilometre north west of Jinxi, is part of the same stratabound disseminated gold-in-breccia style of mineralisation that hosts Jinxi. The mineralised zone at Yelmand consists of a sub-horizontal blanket of silicified breccia (which has a maximum downhole thickness of 105 metres representing a true thickness of up to 90 metres). At Yelmand, the blanket has a maximum width of 500 metres and is up to 800 metres long in a north-west direction. Drilling in 2006 has now closed off this system and joined it to the north west part of the Jinxi-Balake deposit. The eastern edge of the blanket at Yelmand has been truncated by a north south fault which has down-faulted the stratigraphy to the east, the depth potential of which has yet to be tested by drilling.

Mayituobi Deposit
Mayituobi, located 2.5km east of Jinxi, was discovered during the regional rock chip sampling programme in 2004. Drilling since then has delineated a north east trending, elongated sub-horizontal breccia zone approximately 300 metres wide and 500 metres long.

Lion Prospect
Lion is a new discovery at Gold Mounain which was targeted from a surface outcrop of siliceous breccia assaying 0.8g/t Au. Lion is located midway between Jinxi and Mayituobi adjacent to a dacite dome. The drilling at Lion has identified a zone 600 metres long and over 100 metres wide and is open to the west and north.

Significant gold intersections from the 2006 drilling included 6 metres at 3.35g/t Au, 9 metres at 1.71g/t Au, and 21 metres at 0.65g/t Au.

Exploration License
Five new licenses for an aggregate 111 square kilometre have been granted to Xinjiang Gold Mountain Mining Company, a joint ventrue company in which Tianshan holds a 90% interest.

The new exploration licenses have been granted both in the vicinity of the exisiting Gold Mountain Project and along structural trends which are known to host gold deposits and prospects within the Tulasi Basin.

These new licenses will receive an extensive sampling programme (stream sediment, rock chip and BLEG) together with detailed geological mapping.

Geographical Spread

The Gold Mountain project is located in the highly prospective Tian Shan Gold Belt where it extends into the north western region of Xinjiang, People’s Republic of China. The belt hosts a number of the world’s largest gold deposits including the Muruntau, Kumtor and Arxi mines.

Board of Directors and Key Management

Keith Liddell	Non Executive Chairman
Grant Thomas	Managing Director
Jason Bontempo	Executive Director, CFO
David Evans	Non Executive Director
Graham Woolford	Non Executive Director

Company Address Head Office Level 22, Allendale Square 77 St Georges Tce Perth, Australia 6000 Telephone: +61 8 9221 7729 Facsimile: +61 8 9221 7866 Email: enquiries[at]tianshangoldfields.com.au Website: http://www.tianshangoldfields.com.au

Additional Address/Key Contact GPO Box 2536 Perth WA 6831 Australia Urumqi Office Xinjiang Gold Mountain Mining Co Ltd Room 1916, 1917 and 1918 19th floor Shen Zhen Cheng Building No 2 West Kelamayi Road Urumqi, Xinjinag China 830000 Tel: +11 86 991 486 3302 Fax: +11 86 991 486 3303

Capital Number of Shares on Issue: 247,517,597 (Last updated 17/03/2008)

Year End 30 June

Nominated Brokers WH Ireland Ltd 11 St James's Square Manchester, M2 6WH United Kingdom

Nominated Advisors WH Ireland Ltd 11 St James's Square Manchester, M2 6WH United Kingdom

Broker/Analyst Reports

17/08/07 - Baillieu Research

Major Shareholders

Computershare Clearing Pty Ltd	23.681%
Mineral Securities Holdings Limited	19.677%
HSBC Custody Nominees (Australia) Limited	8.902%
Citicorp Nominees Pty Ltd	6.952%
Merrill Lynch (Australia)	5.235%
National Nominees Limited	5.089%
Macquarie Bank Limited	4,470%
CIM Special Situations Fund Limited	4.256%
ANZ Nominees Limited	3.540%
Bow Lane Nominees Pty Ltd	3.154%

Related News

10/07/08 - Tianshan Goldfields Gets Ready To Move On Its First Mine Up At Gold Mountain
10/06/08 - Steady As She Goes At Tianshan Goldfields
30/10/07 - Tianshan Goldfields Has a Simple Story
15/11/06 - Tianshan Goldfields Benefits From Telling Its Story

Most Recent Statement

08/01/09 - FINAL RESULTS FROM THE GOLD MOUNTAIN RESOURCE
17/11/08 - Change in Substantial Holding from AGP
31/10/08 - Quarterly Report for the Period Ending 30 September 2008
05/09/08 - Gold Mountain Pre-Feasibility Studies Extended
11/08/08 - Gold mountain project, china - regional exploration update
01/08/08 - ENCOURAGING DRILL RESULTS FROM THE GOLD MOUNTAIN PROJECT EXTENDS MINERALISATON AT THE JINXI DEPOSIT