Extension of Loan Agreement with CNMC

Extension of Loan Agreement with CNMC

China Nonferrous Gold Limited

24 November 2017

China Nonferrous Gold Limited 中国有色黄金有限公司

(“CNG” or the “Company”)

Extension of Loan Agreement with CNMC

China Nonferrous Gold Limited 中国有色黄金有限公司 (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 financial update.

Extension of the Loan Agreement with CNMC

As announced on 29 September 2017 in the interim results for the Six-Month Period Ended 30 June 2017, the loan facility of USD$20 million (“CNMC Loan”) is repayable on 26 November 2017.

The Company has signed a supplementary agreement with CNMC, an associate of China Nonferrous Metals International Mining Co., Ltd (“CNMIM”), the Company’s 38.36% shareholder, for the extension of the CNMC Loan by one year to be repayable on 26 November 2018, with all other terms remaining unchanged.

The Company continues to engage in discussions regarding a wider refinancing of the business. As noted in the Company’s interim results for the Six-Month Period Ended 30 June 2017, a refinancing is required in the near-term to repay the short term financing announced on 29 September 2017 which is due in December 2017 and January 2018.

Related Party Transaction

As CNMC is an associate of CNMIM, a substantial shareholder in the Company, and pursuant to AIM Rule 13, the extension of the CNMC Loan is deemed to be a related party transaction. The Company’s board of directors (excluding Wu Xiang, Yu Lixian and Zhang Hao, who are appointees of CNMIM) considers, having consulted with CNG’s Nominated Adviser, Investec Bank plc, that the terms of the extension of the CNMC Loan are fair and reasonable insofar as the shareholders of CNG are concerned.

For further information please visit the Company’s website (www.cnfgold.com) or contact:

China Nonferrous Gold Limited

Yu Lixian, Managing Director

Tel: [phone]

Investec Bank Plc

Jeremy Ellis, George Price

Tel: [phone]

Beaufort Securities Limited

Jon Belliss

Tel: [phone]

Blytheweigh

Tim Blythe, Camilla Horsfall

Tel: [phone]

LEI: 213800N6OF4LUDO7WD52

2.2. Inside information

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