Yalian Steel Grants Stock Options

Yalian Steel Corporation (TSX VENTURE:YL) ("Yalian" or the "Company") announces
that it has granted incentive stock options to certain of its directors,
officers and consultants to purchase up to an aggregate 535,000 common shares of
the Company. The options are exercisable for a five year period at an exercise
price of $0.55 per share and are subject to vesting provisions. The grant of
these options is subject to the provisions of the Company's stock option plan,
the policies of the TSX Venture Exchange and applicable securities laws.


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-80 grade steel.


For further Company information please access our website www.yaliansteel.com.

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 and which may be
found under the Company's SEDAR profile at www.sedar.com. All amounts are stated
in Canadian dollars unless noted otherwise.