29 October 2013
Kryso Resources Corporation Limited
(‘Kryso’ or the ‘Company’)
RESULT OF GENERAL MEETING AND CHANGE OF NAME
Kryso Resources Corporation Limited (AIM: KYS), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan, is pleased to announce that, effective today, and following the general meeting of shareholders of the Company held earlier today where the proposed resolutions were duly passed, Kryso Resources Corporation Limited has been renamed China Nonferrous Gold Limited中国有色黄金有限公司 (‘CNG’).
It is expected that the Company’s TIDM code will change from “KYS” to “CNG” with effect from 1 November 2013 and its ISIN and SEDOL numbers, being KYG532181065 and B99JTK3, will remain unchanged.
The Company’s AIM Rule 26 website can now be found at www.cnfgold.com.
The Pakrut gold project, of which CNG has 100 per cent ownership, is situated in Tajikistan approximately 120km northeast of the capital city Dushanbe. Pakrut has estimated total JORC compliant resources of 4,720,000 oz Au (assuming a cut-off grade of 0.5 grams per tonne of gold) and is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and Western China, and which hosts a number of multi-million ounce gold deposits.
CNG is currently in a construction phase with mining contractors on site developing the underground mine and surface infrastructure. CNG has completed building a number of new bridges and roads up to site. Tenders have been completed for the large items of plant equipment and contracts are now being finalised with successful tenderers. Infrastructure construction began in October 2011 and construction of the mine commenced in September 2012. At the same time exploration is continuing with four drill rigs currently operating in the Pakrut Licensed Area drilling at Eastern Pakrut, Rufigar and Sulfidnoye.
For further information please visit the Company’s website (www.cnfgold.com) or contact:
China Nonferrous Gold Limited
David Tang, Managing Director
Tel: +86 10 8442 6681
Investec Bank Plc
Jeremy Ellis, Chris Sim, George Price
Tel: +44 (0)20 7597 5970
XCAP Securities Plc
Jon Belliss, Guy Peters
Tel: +44 (0) 207 101 7070
Blythe Weigh Communications
Paul Weigh, Tim Blythe, Halimah Hussain
Tel: +44 (0)20 7138 3204
Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States and the Shanghai Cooperation Organisation. Tajikistan hosts numerous operating precious metal mines as well as the largest aluminium smelter in Central Asia. CNG's management team has extensive experience in the mining industry in Tajikistan.