LINGBAO GOLD<03330> - Unusual volume movement

The Stock Exchange has received a message from Lingbao Gold Company Ltd.
which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong 
Limited.

We have noted today's increase in the trading volume of the shares of 
Lingbao Gold Company Ltd. (the "Company") and wish to state that we are 
not aware of any reasons for such increase in trading volume.

We also confirm that there are no other negotiations or agreements 
relating to intended acquisitions or realisations which are discloseable 
under Rule 13.23 of the Listing Rules, neither is the board of directors 
of the Company (the "Board") aware of any matter discloseable under the 
general obligation imposed by Rule 13.09 of the Listing Rules, which is or 
may be of a price-sensitive nature.

This statement is made by the order of the Board, the directors of which 
individually and jointly accept responsibility for the accuracy of this 
statement.

As at the date of this statement, the directors of the Company are:

Executive Directors: Xu Gaoming, Wang Jianguo, Lu Xiaozhao and Jin 
Guangcai;

Non-Executive Directors: Xu Wanmin, Di Qinghua and Qi Guozhong; and 

Independent Non-Executive Directors: Ning Jincheng, Wang Yanwu, Niu 
Zhongjie and Zheng Jinqiao.


By order of the Board
Lingbao Gold Company Ltd.


Zhao Jugang
Joint company secretary


16 May 2006"