Grant of Options

China Nonferrous Gold

18/12/2013 07:00

Grant of Options

      China Nonferrous Gold Limited

      18 December 2013

      China Nonferrous Gold Limited

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

      AIM: CNG

      GRANT OF OPTIONS

      China Nonferrous Gold Limited (AIM: CNG), the mineral exploration and       development company currently developing the Pakrut gold project in the       Republic of Tajikistan, announces that, subject to shareholder approval,       it has granted options to purchase new ordinary shares of $0.001 each at       an exercise price of 25 pence per share, for nil consideration, to Tide       Favour International Investment Limited, the Company??s financial adviser       on the proposed listing of the issued share capital of the Company on       the main board of The Stock Exchange of Hong Kong Limited (the ??HK       Listing??).

      The options are over 4% of the fully diluted share capital of the       Company immediately prior to the HK Listing and the exercise of the       options is conditional upon (i) the completion of the HK Listing prior       to 31 December 2014 and (ii) the proceeds raised from the HK Listing       being at least USD 100 million.

      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

      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 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.

      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.