Exhibit 99.1

CONTACT

Edward Wong, Financial Controller

011-852-2810-7205 or fc@chrb.com

FOR IMMEDIATE RELEASE

CHINA NATURAL RESOURCES RELEASES

INTERIM RESULTS OF OPERATIONS

HONG KONG, November 13, 2006 – CHINA NATURAL RESOURCES, INC. (NASDAQ: CHNR), a company based in the People’s Republic of China, today released unaudited interim financial statements for the six months ended June 30, 2006 as follows.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE INCOME (LOSS) (UNAUDITED)

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2006 AND 2005

(Amounts in thousands, except share and per share data)

	Three Months Ended June 30,									Six Months Ended June 30,
	2006			2005			2006			2006			2005			2006
	RMB			RMB			US$			RMB			RMB			US$
NET SALES		32,526			20,947			4,066			51,664			43,150			6,458
COST OF SALES		(8,961	)		(8,873	)		(1,120	)		(17,042	)		(17,309	)		(2,130	)
GROSS PROFIT		23,565			12,074			2,946			34,622			25,841			4,328
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES		(3,715	)		(1,814	)		(464	)		(7,106	)		(5,439	)		(888	)
INTEREST INCOME		135			240			17			235			270			29
OTHER INCOME/ (EXPENSE), NET		1,083			16			135			4,958			(24	)		620
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		21,068			10,516			2,634			32,709			20,648			4,089
INCOME TAXES		(3,338	)		(1,570	)		(417	)		(4,906	)		(3,430	)		(613	)
INCOME FROM CONTINUING OPERATIONS		17,730			8,946			2,217			27,803			17,218			3,476
DISCONTINUED OPERATIONS
Loss from discontinued advertising and HARC operations, net of taxes of nil		(212	)		—			(27	)		(486	)		—			(61	)
NET INCOME		17,518			8,946			2,190			27,317			17,218			3,415
Other comprehensive income/(loss):
Foreign currency translation adjustments		(3	)		—			—			(11	)		—			(1	)
COMPREHENSIVE INCOME		17,515			8,946			2,190			27,306			17,218			3,414
INCOME PER SHARE:
Basic
Income from continuing operations		1.54			7.17			0.19			2.87			13.80			0.36
Loss from discontinued operations		(0.02	)		—			—			(0.05	)		—			(0.01	)
		1.52			7.17			0.19			2.82			13.80			0.35
INCOME PER SHARE:
Diluted
Income from continuing operations		1.27			7.17			0.16			2.27			13.80			0.29
Loss from discontinued operations		(0.02	)		—			—			(0.04	)		—			(0.01	)
		1.25			7.17			0.16			2.23			13.80			0.28
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
Basic		11,548,416			1,247,823			11,548,416			9,670,407			1,247,823			9,670,407
Diluted		13,959,662			1,247,823			13,959,662			12,240,535			1,247,823			12,240,535

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF JUNE 30, 2006 AND DECEMBER 31, 2005

(Amounts in thousands, except share and per share data)

	June 30, 2006		December 31, 2005		June 30, 2006
	RMB		RMB		US$
	(Unaudited)		(Note)		(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		72,453		41,202		9,057
Trade receivables		502		4,622		63
Bills receivable		—		450		—
Other receivables, deposits and prepayments		1,055		422		132
Amounts due from a related company		—		20,503		—
Inventories		3,584		3,788		448
Assets held for sale		25,647		—		3,205
TOTAL CURRENT ASSETS		103,241		70,987		12,905
PROPERTY AND EQUIPMENT		36,294		33,656		4,537
GOODWILL		21,915		—		2,739
TOTAL ASSETS		161,450		104,643		20,181
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable		1,011		934		126
Other payables		20,380		18,881		2,548
Advances from customers		7,040		1,174		880
Accrued liabilities		2,437		1,319		305
Current portion of capital lease		70		—		9
Amounts due to related parties		6,476		6,476		809
Amounts due to a director		13,482		23,644		1,685
Dividends payable		18,040		5		2,255
Taxes payable		4,224		2,545		528
Liabilities related to assets held for sale		2,528		—		316
TOTAL CURRENT LIABILITIES		75,688		54,978		9,461
SHAREHOLDERS’ EQUITY
Common shares, no par:
Authorized – 200,000,000 shares Issued and outstanding –11,548,416 and 1,247,823 shares in 2006 and 2005, respectively		19,222		—		2,403
Additional paid-in capital		—		—		—
Reserves		35,359		3,912		4,420
Retained earnings		30,952		45,513		3,869
Accumulated other comprehensive income		229		240		28
TOTAL SHAREHOLDERS’ EQUITY		85,762		49,665		10,720
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		161,450		104,643		20,181

The condensed consolidated statement of operations and comprehensive income (loss) for the six months ended June 30, 2006 (unaudited) and the condensed consolidated balance sheet as of June 30, 2006 (unaudited) have been prepared in accordance with generally accepted accounting principles in the United States but omit certain financial statements and footnote disclosure that would be included in full financial statements prepared in accordance with GAAP. The condensed consolidated statement of operations and comprehensive income (loss) for the six months ended June 30, 2006 (unaudited) and the condensed consolidated balance sheet as of June 30, 2006 (unaudited) are derived from, and should be read in conjunction with, the Company’s unaudited condensed consolidated financial statements for the six months ended June 30, 2006 and 2005, which was filed with the Securities and Exchange Commission on November 13, 2006 under cover of Form 6-K. The results of operations for the six months ended June 30, 2006 are not necessarily indicative of the results of operations that may be expected for the year ending December 31, 2006.

This press release includes forward-looking statements within the meaning of federal securities laws. These forward-looking statements are based upon assumptions believed to be reliable, but involve risks and uncertainties that may cause actual results of operations to differ materially from the forward-looking statements. Among the risks and uncertainties that could cause our actual results to differ from our forward-looking statements are our intent, belief and current expectations as to business operations and operating results of the Company, uncertainties regarding the governmental, economic and political circumstances in the People’s Republic of China, risks and hazards associated with the Company’s mining activities, uncertainties associated with ore reserve estimates, uncertainties associated with metal price volatility, uncertainties associated with the Company’s reliance on third-party contractors and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Although the Company’s management believes that the expectations reflected in forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to be accurate.

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