BEIJING -- (Marketwire) -- 12/23/08 -- Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI) (www.gdfbhk.com), the company has announced today that YanSha Supermarket will begin carrying its staple food & beverage product lines in their premier high-end supermarket located at the Lufthansa Center in Beijing.

Mr. Yglesias, CEO, declared, "The YanSha Supermarket is in the basement of one of Beijing's finest upper scale Western-style malls. This mall provides immediate access to thousands of expats on a monthly basis. Our products will instantly trigger positive brand recognition within the expat community."

About YanSha Supermarket

You Yi Shopping City Co., Ltd Beijing Lufthansa Center became the first retail joint venture in 1993, with 40,000 square meters of retail space. YanSha City is a key part of the business area in the eastern part of Beijing, which also includes five-star hotels like Kempinski, Kunlun and the Great Wall Hotels. This mall is famous for its high-end retail outlets. You Yi Shopping City Beijing Lufthansa Center has hosted over 85 million guests in its ten-year operation. Currently, it is not only the first shopping mall for the high-income class in Beijing, but also a prestigious choice for visitors and businessmen abroad. The accumulated turnover in ten years has reached as high as $1.4 billion.

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.