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Sinotel Announced Successful Capital Raising (www.sinotel.com.au)

The Chinese telecommunications industry continues to be the fastest growth market worldwide in this sector.

Despite the most adverse credit market conditions, Sinotel has recently successfully raised US$20 million commitment by private placement with options to further increase this investment.

These monies will be deployed for the rapid roll-out of its network in terms of geographic reach, (an extra 6,000 kms.), and in bandwidth expansion by a factor of 10x to 100g. SINOTEL is already cash breakeven and with new customers already identified, we expect a rapid profit position emerging. SINOTEL has also invested in a state of the art new Data Centre in Shanghai and has entered discussions with prospective customers including tier 1 carriers. Given the expected significant value adding to this business, China Century intends to hold this investment through to at least the planned float in approximately 15 months time.

China Century Capital announced a new Royalty Stream Investment

The Company has entered into an Agreement with Australian China Clays Limited (ACC), to purchase a 10 year royalty stream on all minerals sold from its Skardon River mine, Queensland. The investment cost is $5 million with a short dated option for the Company to increase this investment to up to $10 million in return for a pro rata increase in the royalty rate.

The majority of future royalties are projected to be based on KAOCEM products, a proprietary kaolin based environmentally friendly cement replacement concentrate. This very cost competitive product has a certified 80% reduction in greenhouse gases as well as some technical advantages in end product applications over Ordinary Portland Cement (OPC).

China Century Capital Announced Preference Share Issue

The Company is funding the above investment with a $5 million new issue of high yielding Preference shares, with the option to take up to $10 million.

These shares have an 11% pa minimum dividend entitlement and participate in 60% of the royalty stream profits; the other 40% will be available to CCY ordinary shareholders. They are redeemable after 10 years and are convertible to CCY Ordinary shares at 10% discount to market after one year.