PRH Pearl River Holdings Limited

Mr. George Lunick, CEO of Pearl River Holdings Ltd. ("Pearl River") (TSX
VENTURE:PRH), reports on its financial results for the year ended December 31,
2013.


The company changed the reporting currency on the financial statements to the
Chinese Renminbi ("RMB") in the year 2013.


"The reporting currency change better reflects the financial results of the
company and minimizes the effect of currency fluctuation," says Chief Executive
Officer George Lunick.


Revenue for the year -ended December 31, 2013 was $250,966,940 RMB up 11.1% from
the comparative prior period with earnings before income tax and minority
interest of $9,906,037 RMB an increase of 65.7% from $5,978,755 in the
comparative prior period.


Gross profit for the year was 20.8% compared to 19.80 % in the prior 12 months.
Expenses for the year were 16.6% down from 17 % in the comparative prior period.


The following table provides highlights for the year with prior year comparisons.

Financial Highlights



Operational                          12 Months      12 Months      12 Months
                                         ended          ended          ended
                                 Dec. 31, 2013  Dec. 31, 2013   Dec.31, 2012
                                           CDN            RMB            RMB
                                                                            
1. Revenue                          43,916,031    250,966,940    225,728,275
                                                                            
2. Gross Profit                      9,151,773     52,299,635     44,710,329
                                                                            
3. Net Income before Income Tax                                             
 and Minority Interest               1,733,431      9,906,037      5,978,735



Key Balance sheet items per share are as follows:



4. Cash and cash equivalents                                                
 per share                               0.061          0.349          0.398
                                                                            
5. Equity attributable to                                                   
 common shareholders per share           0.304          1.736           1.57



Mr. Lunick said "this year highlights the results of increased sales effort and
production efficiency from the new production facilities and Pearl River is now
realizing the benefit."


About Pearl River

Pearl River Holding, through its subsidiary, the principal business is the
manufacturing and distribution of plastic products in China, Australia and the
United States of America.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pearl River Holdings Ltd.
George Lunick
(519) 645-0267
george@lunick.ca

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