China Education Resources Inc. Announces Cease Trade Order

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 10, 2006) - China Education Resources Inc. ("CER", the Company) (TSX VENTURE:CHN)(PINK SHEETS:CHNUF) announced today that it is diligently working towards finalizing its annual financial statements with its auditors, Ernst & Young LLP, and anticipates being in a position to file the same on or before May 19, 2006. CER has requested that the British Columbia Securities Commission the ("Commission") grant CER a management cease trade order ("management CTO"). A management CTO is a voluntary process where specific management are subject to a cease trade order instead of CER. Despite this request, the Commission has issued a cease trade order against CER effective May 9, 2006.

CER President, Ronald Shon, explained, "CER has been negotiating the sale of its subsidiary, Northern Education Books Ltd. ("NEB"), a Chinese producer and distributor of educational products since August of 2005. On April 25, 2006, CER announced that an agreement was reached and NEB was subsequently sold. As the negotiation of the sale of NEB took place during the year ended December 31, 2005, we have been advised by our accountants that from an accounting perspective, NEB is a discontinued operation and must be reflected as such in CER's financial statements for the year ended December 31, 2005. As the financial statements must provide for a two year comparison, CER's financial statements for the year ended December 31, 2004 must be restated to reflect the fact that NEB is a discontinued operation. As a result of the transaction and additional accounting procedures, CER has been unable to file its annual financial statements for the year ended December 31, 2005, by the April 30, 2006 deadline."

Management believes it will be re-instated for trading shortly after filing its annual financials. CER Chairman, C.F. Zhou, emphasized, "This is an unfortunate event for CER; however it will not adversely impact our business in China or our plan to list with a U.S. stock exchange. For now, we will continue to inform our investors of our progress, we will send out a press release announcing when trading will resume as soon as possible. I assure you that we are making great progress in our core business and we will resolve this matter as effectively and quickly as possible. We have always had informed and loyal investors and I thank-you for your patience in this matter."

About China Education Resources Inc.

CER, through its majority owned subsidiaries implements and maintains China's national K-12 education web portal (CERSP.com), and develops and distributes educational texts and training materials. China's Curriculum Development Center has instituted CERSP.com as the national K-12 education web portal for teachers, students, parents and administrators.

Safe Harbour Statement

This press release contains certain forward-looking statements that reflect the current views and/or expectations of CER with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.

For Additional Information:

Additional information is available on the Company website, http://www.chinaeducationresources.com/s/Home.asp.

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