Appointment of Sponsor for Proposed Hong Kong List

China Nonferrous Gold

28/10/2013 07:00

Appointment of Sponsor for Proposed Hong Kong Listing

      Kryso Resources

      28 October 2013

      Kryso Resources Corporation Limited

      ('Kryso' or the 'Company')

      AIM: KYS

      APPOINTMENT OF SPONSOR FOR PROPOSED HONG KONG LISTING

      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 the Company has       appointed GuotaiJunan Capital Limited (??GuotaiJunan Capital??) as its       sponsor in relation to the proposed listing of its issued share capital       on the main board of The Stock Exchange of Hong Kong Limited.

      GuotaiJunan Capital is the corporate finance arm and a subsidiary of       GuotaiJunan International Holdings Limited, which in turn is a Hong       Kong-listed subsidiary of GuotaiJunan Securities Company Limited, one of       the largest securities houses in the People's Republic of China.

      ENDS

      For further information please visit the Company??s website (www.kryso.com)       or contact:

      Kryso Resources Corporation Limited

      David Tang, Managing Director

      Tel:+861084426681

      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, HalimahHussain

      Tel: +44 (0)20 7138 3204

      Project Summary

      The Pakrut gold project, of which Kryso 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.

      Kryso is currently in a construction phase with mining contractors on       site developing the underground mine and surface infrastructure.       Krysohas 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.

      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.       Kryso's management team has extensive experience in the mining industry       in Tajikistan.