Hot Stock to Watch: China Armco Metals -- August 18, 2009

MIAMI, FL--(Marketwire - August 18, 2009) - Stock Market Alert's performance stock list
includes: China Armco Metals, Inc. (OTCBB: CNAM), Freeport-McMoRan Copper &
Gold Inc. (NYSE: FCX), Newmont Mining Corporation (NYSE: NEM) and Century
Aluminum Company (NASDAQ: CENX).

Breaking News: China Armco Metals, Inc. (OTCBB: CNAM) secures $13 million
line of credit from the Bank of China for its scrap metal recycling
project. This morning the company, a distributor of imported metal ore with
plans to launch a new state of the art scrap metal recycling facility in
China, issued a press release announcing that Armet Renewable Resources Co,
Ltd. ("Armet"), the Company's wholly owned subsidiary, received $13 million
3 year Line of Credit from the Bank of China on August 11, 2009.

The terms of the credit line allow for approximately $2.9 Million to be
used for working capital for the operation of its metal recycling
operations with the balance to be used for fixed asset purchases associated
with its recycling project.

Management anticipates it will commence operations at its 1 million ton
recycling facility in the fourth quarter of 2009. It is anticipated that
the metal recycled by Armet will be sold for use in the production of steel
within China. China is currently the largest producer and consumer of steel
in the world.

Kexuan Yao, Chairman and CEO of China Armco Metals, Inc., commented, "We
are extremely pleased to have secured this $13 million line of credit for
our metal recycling project. With this additional capital we plan to
become one of the largest providers of scrap metal to the steel industry in
China. We look forward to the planned commencement of operations in the
fourth quarter and to the completion of our roadmap to reach two million
metric tons of annual capacity in the future."

Last week the company reported record second quarter financial results for
the quarter ended June 30, 2009. According to the release, financial
highlights included:

Revenue for the second quarter ended June 30, 2009 increased by 71.2% to
$22.5 million compared to revenue of $13.01 million in the second quarter
ended June 30, 2008. The increase in revenue was mainly attributable to
increased sales from its metals distribution business in China as demand
for metal ore rose significantly. Net income for the second quarter of 2009
was $3.37 million compared to $1.85 million in the second quarter of 2008.
This increase was attributable to an improving pricing environment in metal
ore in China coupled with the positive effects of China's November 2008
economic stimulus package. On a diluted basis, earnings per share for the
second quarter of 2009 were $0.33 on 10.1 million common shares outstanding
compared to $0.24 in the second quarter of 2008 on 2.5 million fewer
shares.

The press release goes on to state, the strong overall performance for the
first six months of 2009 was largely driven by significant growth in our
metals distribution business leading to record sales of $27.9 million for
the first six months of 2009 compared to $22.79 million for the same period
in 2008. Gross Profit for the first six months of 2009 was $4.63 million
compared to $2.1 million for the first 6 months of 2008 period and net
income was $3.5 million compared to $2.5 million which included a one-time
gain of $1.2 million from a contract termination. On a diluted basis,
earnings per share for the first six months of 2008 were $0.34 on 10.1
million common shares outstanding as compared to $0.38 in the same period
in 2008 on 2.5 million fewer shares.

At June 30, 2009, total assets were $38.13 million, an increase of over 30%
from the $28.82 million at December 31, 2008. At June 30, 2009 total
current assets reached $25.52 million and working capital was approximately
$6.15 million. Shareholder equity reached $18.76 million with 10.1 million
common shares outstanding up from $15.29 million at December 31, 2009.

The stock closed yesterday at $2.20 cents a share.

For an in-depth profile of China Armco Metals, visit
http://www.wallstreetenews.com/view-company-profiles.php?profile=CNAM_080909.

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Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) down 6.7% on 16.2 million
shares traded. FCX is a leading international mining company with
headquarters in Phoenix, Arizona.

Newmont Mining Corporation (NYSE: NEM) down 4.5% on 6.9 million shares
traded.
Newmont Mining Corporation is one of the leading mining company's in the
U.S.

Century Aluminum Company (NASDAQ: CENX) down 7% on 6.5 million shares
traded.
Century Aluminum Company owns primary aluminum capacity in the United
States and Iceland, as well as an interest in alumina and bauxite assets in
the United States and Jamaica.

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its Wall Street News Alert brand. For current services performed for China
Armco Metals, Inc. (OTCBB: CNAM), China Direct Industries, Inc., Sunwin
International Neutraceuticals, Inc., Dragon Capital Group Corp and China
America Holdings, the company has been compensated a total of Fifty
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