BEIJING -- (Marketwire) -- 01/22/09 -- Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI) www.gdfbhk.com -- Today the Company has the honor of being an approved vendor for the commissary of the US Embassy in Beijing. The company will immediately start placing products and working with the staff at the commissary, fulfilling additional products that are called for by the employees of the US Embassy in Beijing.

Mr. Yglesias CEO stated, "It is a pride to be able to supply US staple food products to the US Embassy in Beijing. We are filled with a great sense of civic duty by providing this service to the US Embassy in Beijing."

About the US Embassy in Beijing

The new U.S. Embassy in Beijing, China, is a safe, secure, and functional state-of-the-art facility. The Beijing New Embassy Compound (NEC) is the second largest overseas construction project in the history of the Department of State. The multi-building complex is on a 10-acre (4-hectare) site, creating a secure and pleasant environment for approximately 950 employees. The NEC buildings represent the best in modern American architecture, while the landscape design borrows heavily from Chinese planning principles. The NEC consists of five buildings each with specific functions: an 8-story main chancery, an adjacent 3-story Atrium office building, a Marine Security Guard Quarters, a consular building, and a parking and utility structure/ancillary guard structure.

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.