Yinfu Gold (PINK:ELRE)

HONG KONG, Nov. 13, 2012 (GLOBE NEWSWIRE) -- Yinfu Gold Corporation ("Yinfu") (OTCQB:ELRE), and its strategic partner Guolong Investment Management Jiangsu Co., Ltd., have entered into a definitive agreement with Chongqing Number One Jewelry Co., Ltd. (www.ypt.hk) to acquire a 30% ownership stake of Chongqing Number One Jewelry for 30 million Yinfu Gold Corp. common shares.

Chongqing Number One Jewelry Limited, a corporation specializing in jewelry investment and distribution, was founded by Mr. Liu Chao�a National Level I Jewelry Appraiser who has 30 years of experience. The company possesses a mining company in Burma, processing workshop in Yunnan and cooperative brand distributor in France. It also has total assets of over RMB 500 million (US$80 million) and 23 franchised jewelry stores in China. We intend to help "Number One Jewelry" become a world famous brand in the coming years.

Yinfu will carry out a due diligence to the assets and licenses of Chongqing Number One Jewelry for 4 months, after which, further cooperation should be initiated based on a satisfactory result.

Tsap Wai Ping, Yinfu's CEO, stated, "We are excited to consider acquiring the Chongqing Number One Jewelry to add to our asset bases. Our estimates indicate that this acquisition will produce annual profits of more than USD 2 million for Yinfu. This is another exciting opportunity in a related industry for Yinfu!"

HONG KONG, Sept. 18, 2012 (GLOBE NEWSWIRE) -- Yinfu Gold Corporation ("Yinfu") (ELRE-OTCQB) has entered into an agreement to provide technical and management services for the Niutoushan Copper Ore mine and Monk Bridge Copper-gold Ore mine of Zongyang County, Anhui Province, China.

The Niutoushan Copper Ore mine and Monk Bridge Copper-gold mine, are operating mines located in Anhui Province consisting of 1.84 square kilometers and 0.7316 square kilometers respectively. Niutoushan is producing copper and silver ore and Monk Bridge produces copper and gold ore.

The team at Yinfu successfully negotiated favorable terms to derive 35% of the monthly net profit from the mine production for 3 years. The Company also has the right to acquire the entire interest in the mine for RMB 330 million (US$52.21 million)

Tsap Wai Ping, Yinfu's CEO stated, "We are extremely pleased to have executed this agreement to provide operating services to the Monk's Brook and Niutoushan mines. This is a new dimension of our business from which we expect to derive significant revenues. Management is also in current negotiations on other such opportunities. This is a significant step for Yinfu!"

HONG KONG, July 5, 2012 (GLOBE NEWSWIRE) -- Yinfu Gold Corporation ("Yinfu" or the "Company") (OTCQB:ELRE) announced today that it has signed a US$3 million Placing Agent Agreement.

Mr. Tsap Wai Ping, Yinfu's CEO signed the agreement with Legarleon Securities Limited, a Hong Kong based securities firm. The term of the agreement expires on August 26, 2012 and is on a "best efforts" basis. Legarleon will earn a 1% success fee according to shares sold.

The Company plans to use the proceeds from this sale for general company purposes as well as for future acquisitions.

Mr. Tsap commented, "This is a positive step forward for the business in developing and funding our properties. I have had a long history with the Legarleon management and thus have faith in their ability to successfully complete the placement with their clients."

HONG KONG, June 15, 2012 (GLOBE NEWSWIRE) -- Yinfu Gold Corporation ("Yinfu" or the "Company") (OTCBB:ELRE) announced today that it has replaced its entire Board of Directors and management.

Mr. Tsap Wai Ping has been appointed as the sole Officer and Director. Tsap Wai Ping is a securities and gold trading professional with 30 years of experience in the industry and is based in Hong Kong.

A new management team is being appointed to review the accuracy of all disclosures as well as all previous share issuances and acquisitions made by the previous board.

The new management is also in the process of completing due diligence on a new mining property.

Yinfu Gold owns a gold mine in Penglai, Shandong Province, China with a capacity of as much as 5,000 tons of gold ore a month. The Penglai Gold Mine is also referred to as the Huwei Gold. The mine and processing plant are located 70 km west of Yantai City and are accessed by a paved road which connects to the mine and processing plant. The Mining License area covers 0.222 km2 within the existing Exploration License area of 0.34 km2. Both the Mining License and Exploration License are owned by our 100% owned subsidiary, Huwei Mineral Invest Co., Ltd.

The Company plans to continue its current mining activities on the Penglai mine and complete exploration to extend the current area and expand operations based on additional sampling.