Issue of Shares

China Nonferrous Gold

09/04/2014 07:00

Issue of Shares

      China Nonferrous Gold Limited

      9 April 2014

      China Nonferrous Gold Limited

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

      Issue of Shares

      Further to the announcement of 7 March 2014, China Nonferrous Gold       Limited (AIM: CNG) announces that it has issued 8,825,000 options       equivalent to those previously granted under the Kryso Resources Plc       (now Kryso Resources Limited) unapproved share option scheme and       individual unapproved share option agreements.

      The Company also announces that 250,000 ordinary shares in the Company       have been issued pursuant to the exercise of 250,000 options at a price       of 0.1625 per share. Aggregate funds of 40,625 have been received by       the Company.

      Application has been made for the shares issued to be admitted to       trading on the AIM Market of the London Stock Exchange and dealings are       expected to commence on 14 April 2014. The new ordinary shares will rank pari       passu with the Company's existing ordinary shares. Following       admission there will be 381,542,291 ordinary shares in issue.

      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) 203 693 1470

      Blytheweigh

      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.