Yalian Steel Appoints Ms. Lan Shangguan as CFO

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.

For further information:

YALIAN STEEL CORPORATION

Lan Shangguan, Chief Financial Officer
Tel. No.: [phone]