Operational Update

China Nonferrous Gold

16/04/2015 07:00

Operational Update

      China Nonferrous Gold Limited

      China Nonferrous Gold Limited

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

      Operational Update

      China Nonferrous Gold Limited ??????????? (AIM: CNG), the mineral       exploration and development company currently developing the Pakrut gold       project (the ??Project?) in the Republic of Tajikistan announces an       update on operations.

      Construction at the Project is now not expected to be completed until       the end of August 2015 with the start of trial production expected to       begin during November 2015, following commissioning.

      The reasons for the delays in construction are the result of the       following unforeseen factors:

        a delay in the connection of electricity at the Pakrut site due to         heavy snow and avalanches both blocking site access and bringing down         some of the 110 kilovolt power pylons due to deliver power to site; and

        exceptionally heavy snow and avalanches at Pakrut in February and         March which hindered construction and the delivery of materials to         site; and

        difficulties and delays in obtaining visas for its suppliers to         install key equipment on site and for foreign employees who are         constructing the plant.

      Ore is continuing to be stockpiled and the Company is working to resolve       the above issues and is looking at possible ways to make up as much of       the lost time as possible.

      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 

      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.

      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.