China Armco Metals Reports Record Financial Results for the First Nine Months of 2008

China Armco Metals, Inc. (OTC BB:CNAM.OB), a distributor of imported metal ore and a growing scrap metal recycler, today announced the Company’s financial results for the third quarter of 2008. Financial Highlights

1) 3rd quarter net income increases to a $1.4 million versus a loss of
$1.9 Million in the 3rd quarter of 2007
2) 3rd quarter diluted EPS climbs to $0.15 versus a loss of $(0.26) in
the 3rd quarter of 2007
3) Revenue for first nine months of 2008 increases to a record $43.2
4) EPS for First Nine months climbs to a record $0.48 per share

CNAM currently at $3.00.