Snowfall Impacts Progress at Pakrut Gold Mine

LONDON--()--

28 February 2017

China Nonferrous Gold Limited

(“CNG” or the “Company”)

SNOWFALL IMPACTS PROGRESS AT PAKRUT GOLD MINE

China Nonferrous Gold Limited 中国有色黄金有限公司 (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, announces that in recent weeks the area of surrounding the Pakrut gold mine project has experienced high levels of snowfall resulting in an avalanche and landslide.

The avalanche has disrupted local traffic and resulted in the interruption of power supply in the Pakrut area. Although the smelting and processing plants are undamaged, several buildings have collapsed and combined with the continuing lack of power at site, the avalanche is expected to have a significant impact on gold production. Fortunately however, there were no casualties.

The full impact of the avalanche is still being evaluated and the Company will provide an update in due course. In 2016 the Company purchased mine property insurance and the provider is currently preparing to survey the site.

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, George Price

Tel: +44 (0)20 7597 5970

Beaufort Securities Limited

Jon Belliss

Tel: +44 (0)20 7382 8300

Blytheweigh

Tim Blythe, Camilla Horsfall

Tel: +44 (0)20 7138 3224

Project Summary

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 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 commissioning phase with mining contractors on site finalising constructing of the mine, plant, tailings dam and refinery.

About Tajikistan

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.

Short Name: China Nonferrous Gold
Category Code: MSCU
Sequence Number: 578540
Time of Receipt (offset from UTC): 20170228T103533+0000

Contacts

China Nonferrous Gold Limited

Contacts

China Nonferrous Gold Limited