Issue of Shares

Issue of Shares

China Nonferrous Gold Limited

9 April 2014

China Nonferrous Gold Limited

(‘CNG’ or ‘the Company’)

Issue of Shares

Further to the announcement of 7 March 2014, China Nonferrous Gold Limited (AIM: CNG) announces that it has issued 8,825,000 options equivalent to those previously granted under the Kryso Resources Plc (now Kryso Resources Limited) unapproved share option scheme and individual unapproved share option agreements.

The Company also announces that 250,000 ordinary shares in the Company have been issued pursuant to the exercise of 250,000 options at a price of £0.1625 per share. Aggregate funds of £40,625 have been received by the Company.

Application has been made for the shares issued to be admitted to trading on the AIM Market of the London Stock Exchange and dealings are expected to commence on 14 April 2014. The new ordinary shares will rank pari passu with the Company's existing ordinary shares. Following admission there will be 381,542,291 ordinary shares in issue.

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

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.