Financial Update

Financial Update

China Nonferrous Gold Limited

1 July 2016

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

(“CNG” or the “Company”)

Financial Update

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.

Banking Facility from China Construction Bank Corporation Macau Branch

The Company has signed an agreement with China Construction Bank Corporation Macau Branch for a loan facility of up to USD$100 million (“CCBC Loan”). The facility will be secured by a standby letter of credit (“SBLC”) from China Construction Bank Corporation Beijing Branch, for the aggregate amount of USD$103 million, which expires in 60 months from the date of first drawdown. An SBLC fee of 0.865% is payable per annum. The CCBC Loan is expected to be drawn down shortly and will be used to refinance the Company’s 2012 loan with CNMIM, under which approximately $81.2 million is currently drawn, and for working capital.

The CCBC Loan facility is for a maximum of five years and repayable 60 months from first drawdown. The terms of the CCBC Loan includes an annual interest rate at 2.1% plus 3 month LIBOR and is governed by the law of Macau.

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

China Nonferrous Gold Limited
David Tang, 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]

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