BEIJING -- (Marketwire) -- 12/30/08 -- Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI)

TO OUR SHAREHOLDERS:

In a year that has seen many trials and tribulations, including a global economic crisis, we are pleased to say that Golden Dragon has accomplished its initial goals while maintaining the Company's original vision. The corporate agenda for 2008 was to develop a solid corporate foundation from which to build a global food and beverage import and export company. Although simple sounding enough, this agenda met with many major challenges and hurdles, including the development of a corporate structure and presence in China without compromising our business plan.

To Read more.... http://www.gdfbhk.com/pdf/LTS.pdf

About Golden Dragon Holdings

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.