BEIJING--(MARKET WIRE)--Aug 26, 2008 -- Golden Dragon Holdings, Inc. (Other OTC:GDHI.PK - News) (www.gdfbhk.com) today announced it has finalized a broad ranging distribution agreement with Beijing Hailvda Import & Export Co. Ltd., a leading Chinese food distributor of canned and dried foods, of the Northern China district.

The agreement covers the distribution rights for GDHI's American staple food products in the following geographical zones: Xinjiang, Gansu, Inner Mongolia, Heilongjiang, Jilin, Liaoning, and Hebei Provinces in the Northern China Region.

Beijing Hailvda Import & Export Co.'s sales force has an exceptional proven track record in the key markets of Northern China and South Korea. "We welcome their expertise and their enthusiasm with respect to our product portfolio, and we look forward to a successful relationship with high growth and significant penetration into these areas," said Mr. Yglesias, CEO of GDHI.

The Chinese food retail industry generated total revenues of $434.5 billion in 2007, representing a compound annual growth rate (CAGR) of 9.9% for the period spanning 2003-2007. Sales through supermarkets proved the most lucrative distribution method for the Chinese food retail industry in 2007, generating total revenues of $153.1 billion, equivalent to 35.2% of the industry's overall value.

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.

     Contract Info:
     Mr. Frank J. Yglesias
     ir@gdfbhk.com
     1-888-889-8185 Ext. 3
     http://www.gdfbhk.com