Gold Horse International, Inc. Updates Status of Key Real Estate Development Projects for 2009

Gold Horse International, Inc.,, a multifaceted business group that controls and operates a construction company, real estate development business and a hotel in Inner Mongolia, China, today provided updates on two key real estate development projects in Inner Mongolia that are scheduled for completion in 2009. The construction cost of both projects combined is expected to be RMB 158 million ($23.2 million).

The Company’s Inner Mongolia affiliate, Jin Ma Real Estate Development Co. Ltd. (“Jin Ma Real Estate”), expects to complete the Jian Guan residential project in the Yu Quan District of Hohhot in December 2009. The construction cost of this project is approximately RMB 108 million ($15.9 million), with a net profit of approximately RMB 50 million ($7.4 million). Jin Ma Construction Co. Ltd. (“Jin Ma Construction”) is performing all of the construction services on behalf of Jin Ma Real Estate. The Company began developing the 60,000 square-meter Jian Guan residential project in July 2008 and expects to complete this project in December 2009.

Jin Ma Real Estate has invested in the construction of student apartments for the Inner Mongolia Chemistry College situated in Inner Mongolia University City, a compound where many higher education institutions are located. Jin Ma Construction is performing all of the construction services on behalf of Jin Ma Real Estate for this project as well. Once completed, the Company will lease the buildings to the college for a period of 20 years. The cost of construction is estimated to be RMB 50 million ($7.4 million), and the Company expects the annual investment returns to be RMB 7 million ($1 million) for 20 years. Jin Ma Construction began developing the 51,037 square-meter project in July 2008 and expects to complete the project in August 2009.

“We are pleased to contribute to the housing and construction needs of Inner Mongolia by providing quality real estate projects that address the growing demand for high-quality, affordable housing in this burgeoning region,” said Mr. Liankuang Yang, chairman and CEO of Gold Horse. “We are confident in our ability to meet the schedules and achieve the highest deliverable standards for the Jian Guan residential project and the student apartments for Inner Mongolia Chemistry College, both of which are scheduled for completion in 2009.”