News Column

Termination of Option

May 12, 2014



LONDON--(BUSINESS WIRE)--

12 May 2014

China Nonferrous Gold Limited ??????????

(‘CNG’ or the ‘Company’)

AIM: CNG

Termination of option

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 it has terminated the conditional grant of option to Tide Favour International Investment Limited (“Tide”), as announced on December 18 2013. The option conditionally granted to Tide remained unexercised up to the date of termination of the grant.

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

China Nonferrous Gold Limited

David Tang, Managing Director

Tel: +86 10 8442 6681

Investec Bank Plc

Jeremy Ellis, Chris Sim, George Price

Tel: +44 (0)20 7597 5970

Hume Capital

Jon Belliss, Guy Peters

Tel: +44 (0)20 3693 1470

Blytheweigh

Paul Weigh, Tim Blythe, Halimah Hussain

Tel: +44 (0)20 7138 3204

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.




China Nonferrous Gold Limited

Source: China Nonferrous Gold Limited


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Source: Business Wire (UK Regulatory)