Change of Name

03 January 2018

GREEN DRAGON GAS LTD

("Green Dragon Gas", "GDG" or the "Company")

Green Dragon Gas Ltd. (LSE: GDG), one of the largest independent companies involved in the production and sale of coal bed methane ("CBM") gas in China, is pleased to confirm that the Company's name change to G3 Exploration Limited is effective today and under the new ticker G3E on the London Stock Exchange.

The name change and rebranding to G3 Exploration Limited was approved by a shareholder vote at the Company's Annual General Meeting ("AGM") held on 20 December 2017, in order to realign the Company with its focus towards exploration and development.

Randeep S. Grewal, Founder and Chairman of Green Dragon Gas commented:

"As we close one chapter to make room for new opportunities that are in the best interest of our shareholders, we would like to thank our shareholders for their continued support over the years. With our focus towards the development of G3 Exploration's remaining vast acreage combined with exploration opportunities in new geographies and the Hong Kong listing, we are confident that the true value of our asset base will be realised."

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