Posting of Circular

China Nonferrous Gold

17/02/2014 07:00

Posting of Circular

      China Nonferrous Gold Limited

      17 February 2014

      China Nonferrous Gold Limited

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

      AIM: CNG

      Posting of Circular

      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 it is today posting a circular       (the ??Circular?) to shareholders requesting authority to allot shares in       the capital of the Company and to disapply pre-emption rights.

      This follows the Company??s commitment in the circular to shareholders of       Kryso Resources Plc (now Kryso Resources Limited) (??Kryso?) dated 8 May       2013 in which it was stated that holders of options granted pursuant to       Kryso??s unapproved share option scheme, together with holders of options       granted pursuant to individual unapproved share option agreements, would       receive equivalent share options in the Company (??Scheme Options?). To       enable the Company to fulfil this commitment it is requesting authority       to grant the Scheme Options and to allot and issue the corresponding       Ordinary Shares on exercise of such Scheme Options on a non-pre-emptive       basis.

      The Circular includes a formal notice of the requisite general meeting,       to be held at the offices of Speechly Bircham LLP, 6 New Street Square,       London EC4A 3LX at 09.30 a.m. on 7 March 2014.

      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.