New Appointments

Green Dragon Gas Ltd
21 February 2008


21 February 2008

                               GREEN DRAGON GAS LTD.
                       ('Green Dragon' or the 'Company')

                        Appointments of COO of GTS unit
                                      and
                      Morgan Stanley as Joint Book Runner


Green Dragon Gas Ltd. (AIM: GDG), the Chinese coal bed methane business, today
announces the appointment of Zhang Bao Zhuang as Vice President and Chief
Operating Officer of its in-house drilling and technical services unit, Greka
Technical Services, ('GTS') with effect from 18 February 2008. Based in
Zhengzhou, Mr. Zhang will be responsible for the engineering, drilling,
development and information technology of the Company's upstream, midstream and
downstream businesses.

Prior to joining GTS, Mr Zhang worked at Huabei Petroleum, a drilling and
engineering services subsidiary of China National Petroleum Corp, for 28 years
and most recently was President of Huabei Petroleum. Mr Zhang joined Huabei
Petroleum in 1976 as an engineer and became General Manager of its downhole
business in 1983, assuming various senior management positions within the Huabei
Petroleum subsidiaries until 1995, namely General Manager of its well testing
business and Vice Chief Engineer and Vice President & General Manager of Erlian
Exploration & Development Company. From 1995 to 1999, Mr. Zhang was the General
Manager of China National Oil Development Company and was appointed as President
of Huabei Petroleum for the period 1999 to 2004. From Jan 2003 to Jan 2008, Mr
Zhang was a member of the Standing Committee of Hebei Provincial People's
Congress. Mr Zhang brings over 30 years of oil and gas exploration and
development, drilling engineering and management experience in China. He is
highly experienced in all elements of drilling engineering including: well
logging; test and work over wells; mud logging; cementing; fracturing; acid
treatment; perforating; machinery; and logistics.

Green Dragon previously announced an order for five drilling rigs and the hiring
of 100 drilling crew based in Zhengzhou, Henan to man the rigs and provide
comprehensive technical services to the Company's businesses. GTS is expected to
be operational by mid 2008 and engaged on a continuous drilling program from the
third quarter onwards reducing the Company's dependence on contractors.

Green Dragon continues to progress its listing application which was filed with
the HK Stock Exchange in December last year. Morgan Stanley has been appointed
as Joint Book Runner and Joint Lead Manager to the offer alongside UBS. Due to
the application process and current market volatility, the Company now expects
the listing to occur later in the year.

Commenting on the appointments, Randeep Grewal, Chairman and CEO, said:

'I am excited and delighted with the addition of Mr Zhang Bao Zhuang to our
expanding management team. Mr Zhang is uniquely qualified to lead the
development of our GTS unit into a significant and successful Technical Services
business unit. He has successfully demonstrated similar accomplishments
throughout his distinguished career. Mr Zhang is highly recognized throughout
China for his abilities as a technical leader with a proven track record.'


For further information on the Company and its activities, please refer to the
website at www.greendragongas.com or contact:


Randeep S. Grewal                                     Tim Thompson/Nick Melson
Betty Cheung                                          Investor Relations
Green Dragon Gas                                      Buchanan Communications
[phone]                                        [phone]

Dr Azhic Basirov/David Jones
Nominated Adviser & Broker
Smith & Williamson Corporate Finance Limited
[phone]



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            The company news service from the London Stock Exchange