Grant of Options

Grant of Options

China Nonferrous Gold Limited

18 December 2013

China Nonferrous Gold Limited

(‘CNG’ or the ‘Company’)

AIM: CNG

GRANT OF OPTIONS

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, subject to shareholder approval, it has granted options to purchase new ordinary shares of $0.001 each at an exercise price of 25 pence per share, for nil consideration, to Tide Favour International Investment Limited, the Company’s financial adviser on the proposed listing of the issued share capital of the Company on the main board of The Stock Exchange of Hong Kong Limited (the ‘HK Listing’).

The options are over 4% of the fully diluted share capital of the Company immediately prior to the HK Listing and the exercise of the options is conditional upon (i) the completion of the HK Listing prior to 31 December 2014 and (ii) the proceeds raised from the HK Listing being at least USD 100 million.

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]

XCAP Securities Plc

Jon Belliss, Guy Peters

Tel: [phone]

Blythe Weigh Communications

Paul Weigh, Tim Blythe, Halimah Hussain

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 has estimated total JORC compliant resources of 4,720,000 oz Au (assuming a cut-off grade of 0.5 grams per tonne of gold) and 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.