CGNPC And Silver Grant International (HKG:0171) Join Hands In Nuclear Power, Uranium Resources And Energy Related Businesses

Hong Kong, Nov 25, 2009 AEST (ABN Newswire) - Silver Grant International Industries Limited (HKG:0171)(PINK:SLGVF) today announced its entering into a subscription agreement with CGNPC International Limited. CGNPC International Limited will subscribe for 364,140,000 shares, representing for 20% shares of the Company, at HK$2.00 per share. Upon the completion, CGNPC International Limited will represent approximately 16.67% of the enlarged issue share of the Company.

CGNPC International Limited, a wholly owned subsidiary of China Guangdong Nuclear Power Holding Co., Ltd. ("CGNPC"), will become a strategic shareholder of the Company after the subscription. The consideration of the subscription is HK$728,280,000, which will be used on investment projects or acquisition opportunities relating to natural resources, energy and nuclear related matters.

The wave of new energy is taking off under high energy prices, the greenhouse effect and energy saving and emission reduction. A variety of supporting policies to promote new energy, energy saving and emission reduction were promulgated in China. According to the Mid to Long Term Nuclear Power Development Plan (2005 - 2020) issued by the National Development and Reform Commission ("NDRC"), operating installed capacity of nuclear power will be 80,000 MW in 2020. In the coming 10 years, the domestic annual compound growth rate of nuclear power will be over 30%, indicating enormous room for development. Silver Grant International believes that the cooperation with CGNPG is poised to foster new business cooperation projects and joint investment in the field of nuclear power, uranium and other kinds of energy.

China Guangdong Nuclear Power Holding Co., Ltd.

CGNPC is the only clean energy enterprise centering on nuclear power in China under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council of PRC, owning more than 20 wholly-owned or controlling subsidiaries. CGNPC was established in September 1994 with a registered capital of RMB 10.2 billion. CGNPC and its subsidiaries, known as China Guangdong Nuclear Power Group, currently owns Guangdong Daya Bay Nuclear Power Station and Ling Ao Nuclear Power Station Phase I with nearly 4,000 MWe of installed generating capacity. Ling Ao Nuclear Power Station Phase II, Liaoning Hongyanhe Phase I, Yangjiang Nuclear Power Station Phase I and Ningde Nuclear Power Station Phase I involve over 10,000 MWe of installed generating capacity, which are currently under construction. In addition, CGNPG also exercises equity ownership of around 1,000 MWe of installed generating capacity of conventional power facilities such as pump storage and thermal power stations. Daya Bay Nuclear Power Station is currently the one of the largest installed generating capacity in the PRC. As of 31 December 2008, the total assets of CGNPC stands at RMB 107.25 billion with its net assets valued at RMB37.0 billion.

For more details of CGNPC and Silver Grant, please visit

CGNPC: http://www.cgnpc.com.cn

Silver Grant: http://www.silvergrant.com.hk

Contact

Wonderful Sky Financial Group Limited: Cherry Qiu Tel: (852) 2851 1038 Fax: (852) 2815 1352 E-mail: cherryqiu@wsfg.hk