Arehada Mining Limited Re-Files Finanical Statements and MD&A for the First and Second Quarter 2007 Due to Change in Accounting Policies

TORONTO, Nov 20- Arehada Mining Limited (TSX: AHD), (the "Company") (the "Company") today announced that the Company has re-filed its financial statements, MD&A and certificates for the three months ended March 31, 2007 and six months ended June 30, 2007 to reflect the adoption of the new accounting standards stated below.

We have performed a review of CICA Handbook section 3855 financial instruments - recognition and measurement, section 3861 financial instruments - disclosure and presentation, section 3865 Hedges and Section 1530 Comprehensive Income.

The Company has evaluated the impact of these new accounting standards on its unaudited interim consolidated financial statements issued for the period ended March 31, 2007 and for the period ended June 30, 2007 and determined that except for the reclassification noted below, the adoption of these new standards has had no impact on the financial statements of the Company.

Upon adoption of these new standards, the Company designated its cash and cash equivalents as held-for-trading, which are measured at fair value. Accounts receivable and loan receivable are classified as loans and receivables, which are measured at amortized cost. Accounts payable, accrued liabilities, other payable and bank loan are classified as other financial liabilities, which are measured at amortized cost, using effective interest rate method.

We had a cumulative translation adjustment recorded in the shareholders' equity section of the balance sheet which is now recorded as accumulated other comprehensive loss under new standard section 1530 - Comprehensive Income. In addition, as required, we have provided the presentation of a statement of comprehensive income or loss and its components.

We have also provided note disclosure under "change of accounting policies" on the adoption of these new accounting standards in our interim financial statements for the three months ended March 31, 2007 and for the six months ended June 30, 2007.

About Arehada Mining

Arehada Mining Limited is engaged in the exploration, development, extraction and production of zinc, lead and silver in Dongwuzhumuqinqi, located in Inner Mongolia, China. Arehada produces zinc and lead concentrates, which are then sold to smelters in China.

Arehada is currently constructing its own zinc plant with a designed processing capacity of 100,000 tons per annum. The recently completed first phase, with a rated capacity of 50,000 tons per annum, will produce zinc oxide and sulphuric acid.

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Forward Looking Statements

The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, extent of resources actually contained in mineral deposits, actual recoveries achieved in processing ore, technological change, change to regulations affecting the mining industry, risks associated with mining operation in China, environmental and safety regulations risks, and risk associated with failure to obtain required regulatory or third party consent. Forward-looking statements in this release include statements regarding future programs, review completion dates and opportunities. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

Neither the TSXV or the TSX has in any way passed upon the merits of this press release and has neither approved nor disapproved the contents of this press release.