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New Dragon Asia Corp. to Trade on OTCQB; New Trading Symbol NDAC Effective Wednesday, June 8, 2011

/ Source: GlobeNewswire

LONGKOU, China, June 7, 2011 (GLOBE NEWSWIRE) -- New Dragon Asia Corp. (NYSE Amex:NWD), one of China's leading producers of instant noodles, flour-related products and soybean derived products today announced that trading of the Company's common stock will cease trading on the NYSE Amex LLC (the "Exchange") effective at the close of business on June 7, 2011. The Company is appealing the Exchange's determination to delist the Company's common stock. The Company has been informed that it is eligible for trading on the OTCQB Marketplace effective Market open on June 8, 2011 under the new ticker symbol "NDAC".

OTC Markets Group Inc. operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, including the OTCQB Marketplace.

About New Dragon Asia Corp.

Headquartered in Shandong Province, PRC, New Dragon Asia Corp. is engaged in the milling, sale and distribution of flour and related products, including instant noodles and soybean-derived products, to retail and wholesale customers throughout China. With a well-known brand name called "Long Feng", the Company markets its well-established product line through a countrywide network of more than 200 key distributors and 16 regional offices in 27 Chinese provinces. New Dragon Asia has eight manufacturing plants in the PRC with an aggregate production capacity of approximately 110,000 tons of flour and approximately 1.1 billion packets of instant noodles and 4,500 tons of soybean powder.

CONTACT: New Dragon Asia Corp. Email: lf-lyz@163.com