China NetTV Holdings Inc. Plans a Non-Brokered Placement of up to $2,400,000.

VANCOUVER, British Columbia -- China NetTV Holdings Inc. (OTCBB:CTVH) wishes to announce that it plans a non-brokered placement for up to 48,000,000 units at $0.05 per unit for total proceeds of $ 2,400,000. Each unit will consist of one common share and one non-transferable share purchase warrant entitling the holder to purchase one common share for two years, at $0.08 per share in the first year or $0.25 in the second year. The proceeds from this private placement will be used for working capital and acquiring mining properties in the future.

A 7% finder's fee will be paid in shares.

Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, product prices and changes in international and local markets, as well as the inherent risks of the mining related business.

On Behalf of the Board of Directors

Anthony Garson, Director, President & CEO