Golden Dragon Holdings, Inc. Announces First Quarter 2009 Sales & Projections

BEIJING--(Marketwire - January 6, 2009) - Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI) (www.gdfbhk.com), a food and beverage distributor of U.S. staple food products to China, is proud to announce that the company has shipped its first container of dried and canned foods to China. The container shipped from the port of Long Beach, California on January 2, 2009, with a final destination of Beijing, China, and was loaded with a total of 37,650 SKUs. This milestone accomplishment in Golden Dragon's history marks the start of sales, which management projects at $250,000 for the 1st quarter of 2009.

Mr. Frank Yglesias, Golden Dragon's CEO, states, "We are thrilled to have fulfilled the first shipment of high quality products from the U.S. to our supermarket partners in China. Supermarket retail sales in China are now over $71 billion dollars a year. We feel that we are poised to be one of the market leaders in this industry and capitalize on those sales. Our focus has now shifted towards marketing and driving sales for 2009. We will continue to add quality products and retailers to our network, all with the goal of achieving exponential revenue growth."

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.