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January 23, 2008

Exercise of Warrants

Golden Queen Mining Co. Ltd. (the “Company”) announces that warrants have been exercised to acquire 7,200,000 common shares of the Company, at an exercise price of C$0.60 for total proceeds to the Company of C$4,320,000. The proceeds from the exercise of the warrants will be applied towards ongoing operations and general working capital.

Further information, contact:

H. Lutz Klingmann, President
Telephone: (604) 921-7570
Email: mintoexpl@telus.net
www.goldenqueen.com

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.

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