G3 Exploration Regulatory News (G3E)

21 April 2016

GREEN DRAGON GAS LTD.

("Green Dragon" or the "Company")

Capital Markets Day Update

Green Dragon Gas Ltd. (LSE: GDG), one of the largest independent companies involved in the production and sale of Coalbed Methane ('CBM') gas in China, has previously announced that it will be holding a Capital Markets Day for analysts and investors at The Connaught Hotel, Carlos Place, Mayfair, London, W1K 2AL on Wednesday 27 April 2016 starting at 10:00.

The primary objective of the event is to provide a presentation on the Company's 2020 vision, which will include a proposed framework for delivering value to shareholders as assets mature; strategy around the Company's downstream assets; funding structure and liquidity considerations; and potential farm out objectives for the Company.

The event will be hosted by Randeep S. Grewal, Chief Executive Officer, alongside Jorg Kohnert, Chief Operating Officer and Tim Eastmond, Chief Accounting Officer.

Copies of the presentation will be made available after the event on the Company website: www.greendragongas.com

Enquiries:

Instinctif Partners

David Simonson / George Yeomans

Tel: +44 20 7457 2020

Citigroup

Tom Reid / Luke Spells

Tel: +44 20 7986 4000

Peel Hunt

Richard Crichton / Ross Allister

Tel: +44 20 7418 8900

About Green Dragon Gas

Green Dragon Gas is a leading independent gas producer with operations in China and is listed on the main market of the London StockExchange (LSE: GDG). The Company has 549 Bcf of 2P reserves and 2,379 Bcf of 3P reserves across eight production blocks covering over 7,566 km² of licence area in the Shanxi, Jiangxi, Anhui and Guizhou provinces. It holds six Production Sharing Agreements with strong, highly capitalised Chinese partners including CUCBM (CNOOC), CNPC and PetroChina, and has infrastructure in place to support multiple routes to monetise gas production.