13:55 | 24.03.2011
Absaroka Responds to China Shen Zhou Mining & Resources’ Letter

Absaroka Capital Management, LLC has published an Open Letter to Current
Shareholders and Potential Investors in China Shen Zhou Mining &
Resources, Inc. (AMEX: SHZ) in order to set the record straight
regarding Absaroka’s SHZ Initiating Coverage Report dated 03/08/11. A
complete copy of Absaroka’s Letter is available for download via:

Absaroka’s Letter highlights incremental due diligence concerns,
discusses the recent resignation of CFO Steven Wang, repudiates the
significant number of factual errors and misleading allegations in SHZ’s
Letter to Shareholders dated 03/11/11, calls for the resignation of Gene
Michael Bennett as Audit Committee Chairman, and reviews potential
endgames for China Shen Zhou Mining & Resources. In addition, Absaroka
continues to resolutely stand behind the conclusions of its 03/08/11 SHZ
Initiating Coverage Report.

About Absaroka Capital Management, LLC:

Absaroka Capital Management, LLC is a private investment manager that
catalyzes on special situations, event-driven, and deep-value

About China Shen Zhou Mining & Resources, Inc.:

China Shen Zhou Mining & Resources, Inc. (AMEX: SHZ) is engaged in the
exploration, development, mining, and processing of fluorite and
nonferrous metals such as zinc, lead and copper in China. China Shen
Zhou went public in the United States via a reverse-merger transaction
in 2006.

Legal Information and Disclaimers:

Please review the complete Legal Information and Disclaimers section on
Page 1 of Absaroka’s Letter. This press release and Absaroka’s Letter
does not in any way constitute an offer or solicitation of an offer to
buy or sell any investment, security or commodity discussed herein. As
of the original publication date of this press release and Absaroka’s
Letter, the reader should assume Absaroka’s affiliates, officers, and
employees have sold borrowed CUSIP number 16942H109 securities and have
positions in financial derivatives that reference this security and thus
stand to potentially realize gains in the event that the market
valuation of the company’s common equity is lower than prior to the
original publication date. The information contained in this press
release and Absaroka’s Letter may include, or incorporate by reference,
forward-looking statements, which would include any statements that are
not statements of historical fact. Any or all of Absaroka’s
forward-looking assumptions, expectations, projections, or beliefs about
future events may turn out to be wrong.


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