Arehada Grants Three Months Extension to Related Party Loan

TORONTO, January 9th 2009 - Arehada Mining Limited (TSX: AHD), (the "Company") today announced that its wholly owned Chinese operating subsidiary, Arehada Mining Corporation ("Arehada China"), has extended the maturity date for a loan owing by Baiyinhanshan Mining Corporation ("Baiyinhanshan") by three months from December 31, 2008 to March 31, 2009.

Baiyinhanshan is a company controlled by Messrs. Steve Fan Wang and Tom Zhen Wang, the principal shareholders, directors and officers of Arehada. The loan bears interest at 7% per annum with the interest accruing on and from March 15, 2007, and was guaranteed by Arehada Mining (Barbados) Corporation ("Arehada Barbados"), a company also controlled by Messrs. Steve Fan Wang and Tom Zhen Wang. As security for the guarantee, Arehada Barbados pledged a total of 80,000,000 Arehada common shares held by Arehada Barbados in favour of Arehada China.

The Baiyinhanshan loan was due on December 31, 2008. However, due to low metal prices, Baiyinhanshan has been in care and maintenance, similar to Arehada China and many other mining operators in the region. Under the current difficult situations, the board of Arehada have agreed to extend the due date for the Baiyinhanshan loan by three months.

An aggregate amount of RMB 13,250,000 ($2,035,200) had been repaid in the first three quarters of 2008 by Baiyinhanshan delivering to Arehada China zinc concentrates as part of ordinary course transactions. The concentrates were priced at market value based on the average price at the Shanghai metal exchange. As at December 31, 2008, the principal amount due from Baiyinhanshan under the loan was RMB 69,599,000 ($10,690,406).

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 has completed construction of a zinc processing plant which is currently producing zin

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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.

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