YL Yalian Steel Corporation

Yalian Steel Corporation (TSX VENTURE:YL) ("Yalian" or the "Company") announces
that it has secured RMB20 million (CAD $3.1 million) line of credit from the
Bank of Nanjing. The credit facility is available for loan drawdowns which will
be used to fund the working capital requirements of Yangzhou Yalian Steel Pipe
Co., Ltd. ("Yangzhou Yalian"), a wholly-owned subsidiary of Yalian in China.


On March 31, 2012, the Company obtained an RMB 20 million (CAD $3.1 million)
line of credit from the Bank of Nanjing. The credit facility is valid for six
months from March 31, 2012 to October 30, 2012. A drawdown against the line of
credit was made on April 13, 2012 for the issuance of RMB15,000,000 (CAD $2.3
million) of bankers' acceptance notes to a supplier in China. The bankers'
acceptance notes have a term of six months maturing on October 13, 2012. An
interest rate of 0.05% per day will be charged on the amounts to be advanced by
the Bank of Nanjing when the bankers' acceptance notes mature. In connection
with the issuance of the banker's acceptance notes, RMB7,500,000 (CAD $1.2
million) cash deposits have been placed with the Bank of Nanjing as collateral. 


About Yalian Steel Corporation

Yalian Steel Corporation is a British Columbia corporation focused on the
production of high quality Longitudinally Submerged Arc Welded (LSAW) steel pipe
to service Asia's rapidly growing energy transportation infrastructure market.
The Company has recently completed construction of its initial manufacturing
facility in city of Yangzhou, in the Jiangsu province of China. The first
production line has a capacity of up to 200,000 metric tons per year. The
Yangzhou Yalian plant utilizes the JCOE (J-ing, C-ing, O-ing, Expanding)
process, an advanced method of LSAW pipe production that involves the bending
and shaping of X-70 and higher grade steel.


This press release contains forward-looking statements based on current
expectations. These forward-looking statements entail various risks and
uncertainties that could cause actual results to differ materially from those
reflected in these forward-looking statements. Risks and uncertainties about
Yalian's business are more fully discussed in the Company's disclosure materials
filed with the securities regulatory authorities in Canada. All amounts are
stated in Canadian dollars unless noted otherwise.

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