ELRE Yinfu Gold Corporation (PK)

Yinfu Gold Corporation ("Yinfu" or the "Company") (OTCQB:ELRE) announced today that it has closed a total of US$1.58 million in a recent funding round announced on July 2, 2012.

The Company opted to place the shares privately, rather than through the previously announced Placement Agreement with Legarleon Securities Limited which expired on Aug 26, 2012.

The Company will use the proceeds from this sale for general company purposes as well as for the Abbots Brook and future acquisitions.

Tsap Wai Ping, CEO commented, "We raised the amount needed to fund our current requirements and now I've been able to find a convertible financing facility that will not be as dilutive as this round, which will better serve the interests of Company and shareholders."

Yinfu will disclose the terms of this new financing once it is finalized.

About Yinfu Gold Corp.

Yinfu Gold Corp. is a mineral exploration and mining company incorporated in the state of Wyoming. Yinfu Gold trades on the OTCQB under the symbol "ELRE." The transfer agent is Transfer Online, Inc. of Portland, Oregon.

Forward-Looking Statements

Statements, which are not historical facts, are forward-looking statements. The Company, through its management makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.

CONTACT: For up-to-date corporate information about the
         Company contact:
         
         Mr. Tsap Wai Ping
         info@yinfugold.com or
         
         tommytsap@yinfucorp.com
         www.yinfucorp.com