Golden Dragon Holdings, Inc. Exclusive Distribution Agreement With Bodegas Centro Españolas, S.A.

BEIJING - Golden Dragon Holdings, Inc.  www.gdfbhk.com -- The Company reports that it has signed an Exclusive Distribution Agreement with Bodegas Centro Españolas, S.A. www.allozo.com, manufacturers of Spanish wines and Brandy. Under this agreement GDHI will have the exclusive regional rights to distribute and wholesale Allozo wines and Casajuna 25-year-old and 100-year-old reserve Brandy thoughtout China, Hong Kong, Macao and South Korea. The Company is currently in talks with large scale wine and spirits distributors in these areas to wholesale these fine wines and spirits.

Mr. Cuenca states, "We are proud to add Bodegas Centro Españolas to our exclusive line of fine wines and spirits for distribution in Asia. The exquisite taste and bold bouquet at a moderate price range will guarantee to exceed and satisfy the consumer in this rapidly growing market. Our 100-year-old reserve brandy will compete excellently with French Cognacs, at a superb price."

About Bodegas Centro Españolas, S.A.

Bodegas Centro Españolas was founded in 1991 by 14 shareholders from Tomelloso, with an advanced and avant-garde technology. Established to develop a new concept of wine producing industry in La Mancha.

With 70% of the production belongs to our own vineyards, which are ground in Tomelloso (243 has.). There are different grape varieties although the most important is tempranillo which forms the base of our red wines Allozo, whose medium plantation is from 1986 over a clayey and calcareous ground with a medium altitude of 650 mts. and a medium pluviometer of 400 mm a year. Our main country hoses are: HUERTA EL JUEZ, LA CARRIZA, PINILLA, CASA PUEBLA y SANTA MARIA.

Picked by hand and selected the grapes at the optimum moment of maturing, every vintage is started in our installations of modern technology, pneumatic presses, fermentation controlled in all our steel tanks and after a fermentation and maceration suitable for every kind of wine we can achieve the highest level of our grape varieties where we can see the tenderness and care which the vine grower and wine maker put in the process of elaboration of our wines.

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.

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