China Education Resources Inc. Announces Completion of Private Placement and Gives Update on Education Platform.

VANCOUVER, British Columbia -- China Education Resources Inc. (TSX VENTURE:CHN) today announced the completion of a private placement for proceeds of $597,733. The private placement resulted in the issuance of 1,048,655 common shares at $0.57 per common share and 524,327 warrants. The common shares are subject to a 4 month hold. Each warrant entitles the holder to acquire one common share for a period of 2 years at an exercise price of $1.14 per common share.

Ronald Shon, President, said "We are delighted to close this private placement. A portion of the proceeds will be used to further develop the Hainan Provincial section of our education resources platform which can be accessed at www.cersp.com. As previously reported on July 27, 2004, our agreement with Hainan is a very important one for the company. It designates our platform as the exclusive source of digital educational content from the Province. It is currently being tested free of charge in Hainan. Our plan is to start charging in September, 2005.

We have a two pronged strategy with respect to the platform. Our first objective is to reach agreements with the various Provincial Education Commissions to have the platform designated as the exclusive source of digital educational information from the Province. Our second objective is to become the only source of certain types of important educational content much like we have done with the mandatory technical course, mentioned in the July 27, 2004 press release. Our plan is to do the same thing with a number of additional mandatory courses.

The market reaction to the platform has been very good. Since September, 2004, there have been in excess of 10,000 unique visits to the website on a daily basis. There are in excess of 40,000 articles of educational content provided by and uploaded by teachers, students and administrators. In addition, in December 2004, the Chinese Ministry of Education (MOE) convened meetings in Beijing and Hainan, endorsing the platform and more specifically, promoting its use as an effective tool to help teachers teach the new technical course. As a result, a further meeting will be held in March to which representatives from a number of Provinces have been invited. The purpose of the meeting is to discuss ways to more effectively use the platform to teach the technical course as well as certain other courses which will become mandatory.

The endorsement by the MOE will significantly add to the credibility of the platform and should aid us in our plan to sign contracts with other Provinces."

About China Education Resources Inc.

China Education Resources Inc. is a Canadian-based company focused on providing educational solutions to various segments of the Chinese economy. The admission of China into the WTO and the granting of the 2008 Olympic Games to Beijing have created a growing demand for education, corporate training and extended learning in China which provides significant business opportunities to China Education Resources Inc. On August 2002, China Education Resources Inc. acquired Today's Teachers Technology and Culture Ltd. ("TTTC") in China to expand its educational operations. TTTC is a 12-year-old educational product distribution company whose product line includes books, software, audio and video materials, and educational training tools. On September 2003, China Education Resources Inc. acquired Northern Education Books Ltd. ("NEB") which distributes a series of supplementary textbooks, similar to "Coles Notes," for the high school market.

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FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding revenue estimates and future plans and objectives of China Education Resources Inc. - are forward-looking statements that are subject to various risks and uncertainties. Forward-looking statements are based on current expectations and analyses, including China Education Resources' analysis of its product and distribution system and its expectations regarding the effects of anticipated product and distribution changes and the potential benefits of such efforts and activities on China Education Resources' results of operations in future periods. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

China Education Resources Inc. (TSX VENTURE:CHN)