China Networks International Holdings Ltd. Completes Restructuring

China Networks International Holdings Ltd. ("China Networks" or the "Company") (OTCBB:CNWHF), a television advertising operator based in China, announced today the completion of a $25.5 million debt restructuring. China Networks offers domestic and international advertisers access to viewers and stations across its member network throughout China.

In connection with the restructuring transaction, the holders of an aggregate of $25.5 million in senior secured debentures of China Networks Media, Ltd., the Company's wholly-owned subsidiary, agreed to cancel the debentures in exchange for 23 million common shares and 16 million preferred shares of China Networks. Upon completion of restructuring, the outstanding capital of the Company will consist of 41,019,993 common shares, 16,000,000 preferred shares and a total debt of $11 million.

"It has been a pleasure working with our Kunming joint venture partners and the respective local branches of the Chinese State Administration for Radio, Film and Television," says Kerry Propper, Board of Directors at China Networks. "The execution of the restructuring marks a historical transaction for China Networks and the overall media and television advertising industry in China. We completed an ambitious corporate and debt restructuring plan so that we may now focus the Company's efforts on developing our business offerings. Through the series of negotiations, we successfully secured a long-term partnership with Kunming SARFT and are excited about the future of the business. Going forward, we will offer a platform to our domestic and international advertising clients and enjoy high profitability margins and strong organic growth on this and other future television network collaborations."

Chardan Capital Markets served as sole adviser on the restructuring.

About China Networks

China Networks International Holdings, Ltd., is a media advertising company focusing on providing international and domestic advertising to its exclusive networks in tier two and tier three cities in China., Currently the Company owns and operates a 50% interest in the Kunming Taishi Information Cartoon Co., Ltd. (Kunming) and Shanxi Yellow River & Advertising Networks Cartoon Technology Co., Ltd (Yellow River) Joint Ventures. Combined, Kunming and Yellow River represent coverage of 7 television channels and 1 radio station covering 36 million people. China Networks along with its joint venture partners seeks to add more television stations to its advertising network. For more information about China Networks, visit www.chinanetworks.com.

The China Networks International Holdings Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7329

Safe Harbor Statement

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning our assumptions, expectations, predictions, intentions or beliefs about future events. Forward-looking statements can be identified by the use of forward-looking terminology such as "will," "believes," "expects" or similar expressions. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and based upon premises with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system at http://www.sec.gov.

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