Central China Goldfields plc                          

           Option Agreement over Cikoleang Gold Project in Indonesia           

15 December 2009

High-Grade Indonesian Gold Project

Central China Goldfields plc is pleased to announce that it has signed an
exclusive option agreement over the Cikoleang Gold Property in the Banten
Province, Indonesia with a local partner company PT Fino Bersaudara ("Fino")
with a view to entering a definitive joint venture agreement within six months.
The directors are very encouraged by what they have seen so far and will now
conduct extensive due diligence before committing the Company's resources under
the joint venture. The early indications are positive though and it is the
current intention that the Company will seek to expand, define and fast track
this gold property towards early production.

Cikoleang Gold Property

The gold property is located approximately 100km southwest of Jakarta, the
capital of Indonesia, in Banten Province within the famous Bayah Dome gold
mining area. This historic location hosts the Cikotok, Cirotan and Gunung
Pongkor mining operations.

The Cikoleang property is directly adjacent to the presently closed Cikotok
gold mine which has been operated since the Dutch colonial times until recently
when it was operated by the Indonesian State Company Aneka Tambang.

Cikoleang has areas of exposed intermediate sulphidisation epithermal veins, up
to 1.5m wide, reporting high gold values of up to 77 grammes per tonne (g/t).
Additionally one area identified by Central China Goldfields plc has 1m wide
lead-zinc-silver veins running up to 35% zinc.

Grab samples of ores exploited by local artisanal miners, reviewed by Central
China Goldfields plc, returned between 4.12g/t to 22.2g/t gold. Veins sampled
returned between 1g/t to 3g/t gold. High amounts of silver are associated with
these rocks in places running up to 398g/t. A single sample of lead-zinc-silver
ore returned 24% zinc and 105g/t silver.

So far the veins at Cikoleang are reported to be 300 metres long with vein
ranging from under 1m to 1.5m width.

The terms of the Agreement

Central China Goldfields plc will conduct detailed geological, legal and
financial due diligence during an exclusive six months Option Period where. GGG
will pay Fino US$ 45,000 upon signing. After that there will be monthly payment
of US$ 5,000 starting on month 3 for a total of US$ 20,000. Should GGG decided
to form a Joint Venture, GGG will pay additional US$ 10,000 upon signing. GGG's
total exposure during the first six months Option Period is US$ 75,000.

Subject to due diligence Joint Venture terms are as follows:

  * GGG will own 75% and Fino will own 25% of the Joint Venture company over
    the Cikoleang Project.
   
  * GGG will fund the first US$ 2 million of expenditure.
   
  * Beyond US$ 2 million expenditure both parties will contribute pro rata with
    the JV proportions.
   
  * In the event of Fino deciding it does not wish to contribute its interest
    will be diluted in proportion down to 12.5%.
   
  * Fino's interest is then held constant at 12.5% unless GGG buys their JV
    share based on a mutually agreed price.
   
Further Gold and Copper Opportunities in Indonesia and the Philippines

The Company is still actively reviewing a number of gold and copper
opportunities with a view to acquiring assets which can be fast tracked towards
early production.

Receipt of Funds from the sale of Nimu

The Company also announces that it has received the second payment from the
sale of the Nimu Project into its Chinese subsidiary.

Review of Chinese Operations

Following the acquisition of the option over Cikoleang Gold Property the board
of Central China Goldfields plc have been reviewing the Company's remaining
Chinese operation, Dong Mao Huo In the light of the slower than expected
progress being made by our joint venture partner, the board are considering
withdrawing from this project to better focus the Company's resources on
prospects, such as Cikoleang, which have the potential to generate significant
value for shareholders. Once a withdrawal has been formally completed the
Company then will inform shareholders once a final decision has been made.

Nominated Adviser Name Change

The Company also wishes to announce that with effect from 26 November 2009, the
Company's Nominated Adviser changed its name from Hanson Westhouse Limited to
Westhouse Securities Limited.

Technical information in the Company news releases has been reviewed and
approved by Ciceron "Jun" Angeles (MSc. FAusIMM, CPGeo) the Company's Technical
Director. He is qualified as a Competent Person under the Code for the
Reporting Mineral Exploration Results, Mineral Resources and Mineral Reserves,
2004 ("The Reporting Code") prepared by the Australasian Institute of Mining
and Metallurgy and the Australian Institute of Geoscientists.

For further information, please contact:

Central China Goldfields plc                    Westhouse Securities Limited   
                                                                               
Dr. Jeffrey Malaihollo                          Tim Metcalfe / Martin Davison  
                                                                               
Tel: 020 7621 0200                              Tel: 020 7601 6100             
                                                                               
Email: info@ccgoldfields.com                                                   
                                                                               
www.ccgoldfields.com                            Alexander David Securities     
                                                Limited                        
                                                                               
                                                Nick Bealer / David Scott      
                                                                               
                                                Tel: 020 7448 9820