China Ventures Inc. Reports Second Quarter Financial Results.

VANCOUVER, British Columbia -- China Ventures Inc. (TSX Venture: CHV), today announced financial results for the second quarter ended June 30, 2004:

For the three months ended June 30, 2004:

- Revenues grew by 70% to US$439,000 for the three months ended June 30, 2004 compared to US$259,000 for the same quarter last year.

- Net loss has decreased by 33% to a net loss of US$185,000 for the three months ended June 30, 2004 compared to US$277,000 for the same quarter last year.

For the six months ended June 30, 2004:

- Revenues grew by 158% to US$999,000 for the six months ended June 30, 2004 compared to US$387,000 for the same period last year.

- Net loss has decreased by 43% to a net loss of US$336,000 for the six months ended June 30, 2004 compared to US$590,000 for the same period last year.

Ronald Shon, President, said "We are proud to announce our significant increase of sales revenue for the first two quarters in 2004 compared to the same period last year. Typically, sales are concentrated in the third and fourth quarters given the seasonal nature of CVI's business. The recent acquisition of Northern Education Books Ltd. (NEB) has enabled the company to reduce some of the seasonality because NEB sells supplementary textbooks and other educational materials throughout the year and has also broadened our distribution network by opening up other market areas in China."

About China Ventures Inc. ("CVI")

CVI 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 CVI. On August 2002, CVI 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, CVI acquired Northern Education Books Ltd. ("NEB") which distributes a series of supplementary textbooks, similar to "Coles Notes," for the high school market.

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 Ventures - are forward-looking statements that are subject to various risks and uncertainties. Forward-looking statements are based on current expectations and analyses, including China Ventures' 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 Ventures' 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.