Yalian Steel Announces Resignation of Chief Financial Officer

Yalian Steel Corporation (TSX VENTURE:YL) ("Yalian" or the "Company") announces
that Ms. Lan Shangguan, who has served as the Company's Chief Financial Officer
and Corporate Secretary since October 1, 2010, has resigned effective today.


Ms. Xia Xu, Acting Chief Executive Officer of Yalian, stated that, "On behalf of
the board and management of Yalian, I would like to thank Ms. Shangguan for her
significant contributions to the Company and wish her the very best in her
future endeavors." The Company is in the process of finalizing the appointment
of a new Chief Financial Officer. In the interim, Ms. Xia Xu will assume the
role of Acting Chief Financial Officer and interim Corporate Secretary of the
Company.


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 Company's
production line has a rated capacity of up to 200,000 metric tons per year,
depending on product and mix specifications. 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.


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. All amounts are
stated in Canadian dollars unless noted otherwise.