BEIJING -- (Marketwire) -- 12/16/08 -- Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI) (www.gdfbhk.com) is proud to announce that it has entered into an agreement with Lohao City Supermarkets, one of China's top leaders in the organic retail food market. Under this agreement GDHI will place the organic product line of Eden Foods in all its outlets effective immediately.

Mr. Yglesias, CEO, stated, "The organic niche is a rapidly growing market in China, we are honored in working with such an excellent group like Lohao City and being part of this new emerging market."

About Lohao City

Lohao stands for Lifestyle of Health and Organic. It embodies, and is synonymous with, a healthful and organic approach to life. Lohao City is a specialty shop selling a wide range of organic health foods and other natural products. While the majority of China's farmers still adhere to the belief that chemical fertilizers and pesticides are necessary for crop production, many Chinese have already begun to seek and demand organic health foods. Lohao City was founded with the purpose of responding to this growing need. Established by a group of people who love nature and are advocates of a health-conscious lifestyle, the Lohao City Organic Health Store aims to connect consumers with the finest organics and top-quality health foods. And while delivering wholesome and delicious foods, we're also making unremitting efforts to protect and preserve our beautiful planet. www.lohaocity.com

About Golden Dragon

Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI) is a publicly traded company that owns and operates Golden Dragon Food & Beverage Import & Export Company of Hong Kong, Ltd. (GDHK) in central Hong Kong and Beijing Flying Golden Dragon International Trading Co., Ltd in China (BFGD). Golden Dragon Holdings, Inc. has agreements with U.S. food manufacturers. GDHI acts as a buying agent for GDHK, negotiating vendor contracts and services with U.S. food and beverage industry partners. The Hong Kong Company plays a strategic role in the importation of products into the Chinese market by leveraging the Closer Economic Partnership Arrangement (CEPA) with China. Through this arrangement, Beijing Flying Golden Dragon International Trading Co., Ltd distributes some of the most popular U.S. food and beverage brand products directly into the hypermarkets, supermarkets and convenience stores in China. The Company is responsible for order fulfillment for its clients in China, as well as providing advertising and promotion (A&P) services for its U.S. food and beverage products.

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.