Exploration Licence

China Nonferrous Gold

17/04/2014 11:59

Exploration Licence

      China Nonferrous Gold Limited

      17 April 2014

      China Nonferrous Gold Limited

      (??CNG?? or the ??Company??)

      Exploration Licence

      China Nonferrous Gold Limited (AIM: CNG), the mineral exploration and       development company currently developing the Pakrut gold project in the       Republic of Tajikistan (the ??Project?) announces that, whilst the       necessary documents have been submitted in accordance with the required       procedures to renew the exploration licence granted to the Company??s       wholly-owned subsidiary LLC Pakrut by the Government of Tajikistan in       April 2004 (the ??Exploration Licence?), the Company has been informed       that the Exploration Licence has expired. The renewal application is       being considered by the Government of Tajikistan and the Company are       working with the Government to ensure it is renewed as soon as possible.

      The Company??s mining licence for the Project, which covers an area of       58.6 hectares including the Pakrut gold deposit area (the ??Mining       Licence Area?), is still valid and in good standing until its expiry in       November 2030. Construction of the mine and relating infrastructure       continues at Pakrut and the Company still expects to commence production       at the Project in the fourth quarter of 2014.

      The Exploration Licence gave the Company the right to carry out       geological prospecting and exploration work over an area of       approximately 6,300 hectares (the ??Exploration Licence Area?). The       Exploration Licence Area includes the Pakrut, Eastern Pakrut, Rufigar       and Sulfidnoye gold and mineral deposits and occurrences.

      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

      Hume Capital

      Jon Belliss, Guy Peters

      Tel: +44 (0)20 3693 1470

      Blytheweigh

      Tim Blythe

      Tel: +44 (0)20 7138 3204

      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 construction phase with mining contractors on site       developing the underground mine and surface infrastructure.

      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.