Golden Dragon Holdings, Inc. Enters Into an Exclusive Foreign Import Organic Food Distribution Agreement With China National Green Food Industrial Corporation

BEIJING–(EMWNews – August 19, 2008) – Golden Dragon Holdings, Inc. (GDHI)

(www.gdfbhk.com) is proud to announce it has entered into an exclusive

foreign import organic food distribution agreement with China National

Green Food Industrial Corporation (www.cnfg.com).

The terms of this agreement enables GDHI to instantly place its products

throughout China. The business infrastructure and logistics services that

China National Green Food Industrial Corporation commands for the last 25

years, will enable GDHI to immediately start its 1st phase, right after the

2008 Beijing Olympics. The 1st phase will consist of the final approval

and certifications from the General Administration of Quality Supervision

Inspection & Quarantine of P.R.C. (AQSIQ) of its organic products. Once it

receives these certifications, GDHI will start shipping organic products to

the northern provinces of China which include cities like Beijing, Harbin,

Changchun & Shenyang; these products are destined to more than 100

supermarkets.

China National Green Food Industrial Corporation

China National Green Food Industrial Corporation, first launched in 1994,

it is professionally engaged in the development of imports and exports of

organic green foods in the Asian Pacific Rim. Its business ranges include

planting, cultivation, food processing, commerce, storage and

transportation, logistic and consultation. The main businesses include the

production, supermarket supplying, import and export of organic green food.

Our aim is to supply safe and healthy products to our clients in the Asian

Pacific Region. Our service mainly aims on two parts: One to serve the

farmers and the producing bases. In order to make sure the products are

organic or green food as we demand, we will supervise every phase of

producing, from seeds, planting, management, harvest, storage and

transportation The other is the monopolization of shops to every community

to convenient the consumer. All of our suppliers have the green food

producers’ certification by China Green Food Development Center.

About Golden Dragon

Golden Dragon Holdings, Inc. (GDHI) is a USA publicly traded company that

owns and operates Golden Dragon Food & Beverage Import & Export Company of

Hong Kong, Ltd. (GDHK) in central Hong Kong. Golden Dragon Holdings, Inc.

has agreements with USA food manufacturers. GDHI acts as a buying agent for

GDHK, negotiating vendor contracts and services with USA food and beverage

industry partners.

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. Investors are cautioned that such

forward-looking statements involve risks and uncertainties, including,

without limitation, risks relating to the ability to close transactions

being contemplated, risks related to sales, continued acceptance of Golden

Dragon Holding’s products, increased levels of competition, technological

changes, dependence on intellectual property rights and other risks

detailed from time to time in Golden Dragons Corporation’s periodic reports

filed with the regulatory authorities.