AQUAGOLD International, Inc. (PINKSHEETS: AQUI) Announces WOLONG HOLDING GROUP CO., LTD. as Strategic Distribution Partner

LAS VEGAS, NV and MONTREAL today is proud to announce its cooperation with WOLONG HOLDING GROUP CO., LTD.(www.wolong.com), for the distribution of AQUAGOLD premium Canadian spring water products in China. AQUAGOLD has been working closely with WOLONG HOLDING GROUP CO., LTD. to prepare for the heavily anticipated launch of the AQUAGOLD premium Canadian spring water line of products this spring in China.

WOLONG HOLDING GROUP CO., LTD., established in 1984, has two publicly listed companies on the Shanghai Stock Exchange (WOLONG Electric 600580 and WOLONG Real Estate 600173), 29 subsidiary companies, 6000 employees, and owns total net assets of 6.5 billion Yuan RMB or approximately $1 Billion USD, with yearly revenues of 4.5 billion Yuan RMB or approximately $650 million USD after over 20 years of development mainly in the sectors of manufacturing, real estate, financial investment and state-owned enterprise.

WOLONG HOLDING GROUP CO., LTD. has a rapidly expanding commercial and financial network that extends over 30 countries worldwide and the corporation actively participates in start-ups and capital venture initiatives. This Chinese mega-corporation's new import and distribution division that will be dealing with AQUAGOLD operations will continue the WOLONG HOLDINGS tradition of diversity and broaden the spectrum of its areas of business.

For 8 consecutive years, WOLONG HOLDING GROUP CO., LTD. has been the industry leader for high quality technological solutions and its brand is number one in the micro electric motor industry in China counting long term strategic partnerships with companies such as Panasonic, Mitsubishi, LG, Carrier and Honda. WOLONG HOLDINGS' products hold more than 20% of the market share in their respective sectors in China and the company is often referred to as the "Siemens of the Orient." With this new venture WOLONG HOLDING will step into the highly lucrative beverage sector and coordinate the vast network of points of sale established for AQUAGOLD spring water products.

"For AQUAGOLD to be associated with such an international business powerhouse in WOLONG HOLDINGS is a true sign of the quality of the foundation that our company has achieved in China. WOLONG'S immeasurable experience and wealth of knowledge in International business at all levels will be a huge asset going forward for our company. This is by far the most significant milestone for our company and a historic step for AQUAGOLD on our way to becoming the brand of choice for imported spring water in China. This massive achievement precedes the much anticipated official launch of our line of premium Canadian Spring water products. We have abundant amounts of information to be released concerning the groundwork that has been laid out in preparation for our launch and will be detailing our relationships and national sales network very shortly," stated Daniel Sauvé, CEO of AQUAGOLD International, Inc.

About AQUAGOLD International, Inc.

AQUAGOLD International, Inc. has developed a national network of retailers and points of sale in preparation for the highly anticipated launch of its line of premium spring water products in China. In 2005, sales of bottled water in China experienced strong growth of 16% (liters) and 15% (RMB/$) to reach 11.2 billion liters and RMB24.1 billion or $3.17 billion USD in volume and current value terms.

AQUAGOLD is actively pursuing additional growth and is focused on growing market share in China as well as the rest of Asia, and the Company anticipates even more substantial opportunities in the near future as the Chinese capital city of Beijing hosts the 2008 Olympic Summer Games.

About EricDavid & Sons, Inc.

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Forward-Looking Statements

This news release contains forward-looking statements made by AQUAGOLD International, Inc. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.

Contact EricDavid & Sons, Inc Investor Relations / Public Relations Steven Weiss 609-529-3671 Email Contact or AQUAGOLD International, Inc. Daniel Sauvé CEO 514-886-9079