Yalian Steel Appoints Ms. Lan Shangguan as CFO

VANCOUVER, Oct. 1 /CNW/ -- 
      TSX-V:YL
    

      VANCOUVER, Oct. 1 /CNW/ - Yalian Steel Corporation (TSX-V: YL) ("Yalian"
      or the "Company") today announced that Ms. Lan Shangguan has been
      appointed as the Company's chief financial officer (CFO) and corporate
      secretary effective immediately.  Ms. Shangguan replaces Murray
      Flanigan, who has served as CFO and corporate secretary since January,
      2010 and is leaving the Company to pursue other opportunities in the oil
      & gas sector.
    

      Ms. Shangguan is a Chartered Accountant with broad international
      experience in both public accounting and executive level financial
      management positions across multiple industries. She has worked for a
      number of large international public practice firms including KPMG,
      Singapore, Ernst & Young, Beijing, China, and Grant Thornton, Vancouver,
      Canada.  Ms Shangguan has also served as a controller and as a CFO for a
      number of Canadian public companies including a company that was a
      United States SEC registrant. Ms. Shangguan has extensive experience in
      the areas of international accounting and financial reporting, budgeting
      and forecasting, working capital management, tax planning, and the
      development of internal control policies & procedures.  Most recently,
      Ms. Shangguan has served as an independent consultant, providing
      professional accounting services and financial management advice to both
      public and private companies.  Ms. Shangguan is bilingual in English and
      Chinese (Mandarin) and is a graduate of the Monash University in
      Australia, with a Bachelor of Economics degree.   She also holds a CPA
      designation from the Australian Society of Certified Practicing
      Accountants.
    

      "Lan is a senior finance professional with over fifteen years experience
      working for both North American and Asia Pacific companies in both
      public accounting and corporate financial management," stated Ms. Xia
      Xu, acting chief executive officer of Yalian.  "Her public practice
      experience with large international accounting firms combined with prior
      CFO experience will be a tremendous asset to the company.  On behalf of
      the board and management of Yalian, I would like to welcome her to the
      team. I would also like to thank Murray Flanigan for his contributions
      to the Company and wish him the very best in his future endeavors."
    

      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
    

      Neither the TSX Venture Exchange nor its Regulation Services Provider
      (as that term is defined in the policies of the TSX Venture Exchange)
      accepts responsibility for the adequacy or accuracy of this press
      release.
    

      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.
    



pYALIAN STEEL CORPORATION/p pLan Shangguan, Chief Financial Officerbr/Tel. No.: [phone]/p

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