Exploration Licence

Exploration Licence

China Nonferrous Gold Limited

17 April 2014

China Nonferrous Gold Limited

(‘CNG’ or the ‘Company’)

Exploration Licence

China Nonferrous Gold Limited (AIM: CNG), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan (the “Project”) announces that, whilst the necessary documents have been submitted in accordance with the required procedures to renew the exploration licence granted to the Company’s wholly-owned subsidiary LLC Pakrut by the Government of Tajikistan in April 2004 (the “Exploration Licence”), the Company has been informed that the Exploration Licence has expired. The renewal application is being considered by the Government of Tajikistan and the Company are working with the Government to ensure it is renewed as soon as possible.

The Company’s mining licence for the Project, which covers an area of 58.6 hectares including the Pakrut gold deposit area (the “Mining Licence Area”), is still valid and in good standing until its expiry in November 2030. Construction of the mine and relating infrastructure continues at Pakrut and the Company still expects to commence production at the Project in the fourth quarter of 2014.

The Exploration Licence gave the Company the right to carry out geological prospecting and exploration work over an area of approximately 6,300 hectares (the “Exploration Licence Area”). The Exploration Licence Area includes the Pakrut, Eastern Pakrut, Rufigar and Sulfidnoye gold and mineral deposits and occurrences.

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, Chris Sim, George Price

Tel: [phone]

Hume Capital

Jon Belliss, Guy Peters

Tel: [phone]

Blytheweigh

Tim Blythe

Tel: [phone]

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.