Business Update

China Nonferrous Gold Limited

1 December 2017

China Nonferrous Gold Limited ä¸å›½æœ‰è‰²é»„é‡‘æœ‰é™å…¬å¸

(â€œCNGâ€ or the â€œCompanyâ€)

Business Update

China Nonferrous Gold Limited ä¸å›½æœ‰è‰²é»„é‡‘æœ‰é™å…¬å¸ (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, is pleased to provide the following update.

Operational Update

Following the avalanches and landslides earlier in the year CNG has continued to focus on restoring production alongside constructing and repairing infrastructure. The Company is pleased to confirm that significant progress has been made in recent months.

Drainage and dredging has been completed and work to reconstruct some of the damaged tunnels is ongoing. Temporary residences and other living facilities have been constructed with the foundations also poured for a permanent camp at the Pakrut mine. Good progress has been made on the tailings pond and backfill station. Procurement for the tailings pond materials has been completed and equipment for the backfill station is expected to be shipped to the Pakrut mine site in early 2018. In addition, work on the ventilation system commenced in November and is ongoing and the repair of the damaged workshops is well progressed.

It is also expected that a permanent solution to restore external power supply will be achieved by the end of the year. FourÂ new towersÂ have been set up, of which three have been installed and the remaining one isÂ ongoing.

As a result of the ongoing works and above noted progress the Company expects to resume production during the first half of 2018.

Board Update

As noted in the Companyâ€™s interim results for the period ended 30 June the Company has been in the process of recruiting new independent non-executive directors. Good progress has been made in the process and the Company expects to update shareholders in the near future.

For further information please visit the Companyâ€™s website (www.cnfgold.com) or contact:

China Nonferrous Gold Limited

Yu Lixian, Managing Director

Tel: +86 10 8442 6681

Investec Bank Plc

Jeremy Ellis, George Price

Tel: +44 (0)20 7597 5970

Beaufort Securities Limited

Jon Belliss

Tel: +44 (0)20 7382 8300

Blytheweigh

Tim Blythe, Camilla Horsfall