Termination of Option

China Nonferrous Gold

12/05/2014 13:54

Termination of Option

      China Nonferrous Gold Limited

      12 May 2014

      China Nonferrous Gold Limited ???????????

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

      AIM: CNG

      Termination of option

      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 has terminated the conditional       grant of option to Tide Favour International Investment Limited       (??Tide?), as announced on December 18 2013. The option conditionally       granted to Tide remained unexercised up to the date of termination of       the grant.

      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

      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 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.