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

HOHHOT, China, Sept. 4 /Xinhua-PRNewswire/ — Gold Horse International,
Inc., (OTC Bulletin Board: GHII) (”Gold Horse” or “the Company”), 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.”

About Gold Horse International, Inc.

Gold Horse International, Inc., through its wholly owned subsidiaries,
Gold Horse International, Inc. (Nevada) and Global Rise International Ltd.,
controls and operates Inner Mongolia Jin Ma Construction Co., Ltd., Inner
Mongolia Jin Ma Hotel Co., Ltd., and Inner Mongolia Jin Ma Real Estate
Development Co., Ltd., all based in Hohhot, the regional capital of Inner
Mongolia Autonomous Region in China. Jin Ma Construction has been providing
construction and general contractor services in Hohhot to both private
developers and to the local and regional governments since 1980. Jin Ma
Hotel owns, operates and manages the Jin Ma Hotel, a full-service, two-star
hotel located in Hohhot. Jin Ma Real Estate develops residential and
commercial properties in Hohhot. For more information, visit
http://www.GoldHorseInternational.com . Information on the Company’s Web
site or any other Web site does not constitute a portion of this release.

Safe Harbor Statement

This release contains certain “forward-looking statements” relating to
the business of the Company and its subsidiary companies. These forward
looking statements are often identified by the use of forward-looking
terminology such as “believes, expects” or similar expressions. Such
forward looking statements involve known and unknown risks and
uncertainties such as cost overruns, lack of materials, projected earnings
not realized and other risks of construction that may cause actual results
to be materially different from those described herein as anticipated,
believed, estimated or expected. Investors should not place undue reliance
on these forward-looking statements, which speak only as of the date of
this press release. The Company’s actual results could differ materially
from those anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company’s periodic
reports that are filed with the Securities and Exchange Commission and
available on its Web site ( http://www.sec.gov ). All forward-looking
statements attributable to the Company or to persons acting on its behalf
are expressly qualified in their entirety by these factors other than as
required under the securities laws. The Company does not assume a duty to
update these forward-looking statements.



For more information, please contact:

Gold Horse International, Inc.
Mr. Adam Wasserman, CFO
Tel: +1-800-867-0078
Email: adamw@cfooncall.com
Web: http://www.GoldHorseInternational.com

CCG Investor Relations
Mr. Crocker Coulson, President
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Web: http://www.ccgir.com


See Also:

[Via Real Estate Newswire]

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