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04 Jun 16 Acquisition http://www.investegate.co.uk/cic-gold-group-ltd--cicg-/rns/acquisition/201606060700062427A/ Acquisition of 80% Gobi Minerals Group LLC ("Gobi Minerals") CIC Gold is pleased to advise that it has replaced the initial acquisition agreement with Gobi Minerals with a share purchase agreement ("SPA") in relation to the acquisition of 80% of the issued share capital of Gobi Minerals ("Acquisition"). Pursuant to the terms of the SPA, which is conditional upon the re-admission of the Company to the standard listing segment of the main market of London Stock Exchange plc and to listing on the Official List of the United Kingdom Listing Authority ("Re-Admission"), the Company will facilitate the sale by way of a placing of 70 million of the 280 million shares to be issued as consideration for the acquisition to the beneficial owners of Gobi Minerals (the "Vendors"), with the resulting funds being payable to the Vendors in accordance with the SPA. This is being done to ensure that on Re-Admission the Company meets the free float regulatory requirement of having at least 25% of its issued share capital in the hands of European Economic Area residents. The Vendors are required to effect the transfer of the Mineral Title (defined below) to Gobi Minerals within 12 months of the date of Re-Admission. The Vendors will be subject to lock-in agreements for a period of 12-month following the latest of Re-Admission and the transfer of the Mineral Title. Following completion of the Acquisition immediately prior to Re-Admission, the Company shall own the beneficial interest in 80% of the issued share capital of Gobi Minerals. The legal interest in such shares shall be held by HE Barsbold Ulambayar (a director of the Company and a director of Gobi Minerals following Re-Admission) as bare trustee of the Company (under the same form of deed of bare trust as in place in respect of the Company's interest in the issued share capital of its subsidiary, Top Ten Services Company). The Mineral Title is the interest/lease Ulaan Tsokhio (which is to be renamed Altan Tobchi) gold and copper project situated in the South Gobi region of Mongolia, to which Gobi Minerals has 100% rights. The lease is located in the territory of Mandakh soum, Dornogovi aimag, 560 km from Ulaanbaatar city, adjacent to Mongolia Alt Corporation Tsagaan Suvarga mine in production and regionally to Oyu Tolgoi the world's leading copper gold mine owned by Turquoise Hill Resources Ltd (formerly, Ivanhoe Mines Ltd). The Company expects to commence the process of seeking eligibility for Re-Admission of the enlarged group and submitting a draft prospectus for review by the United Kingdom Listing Authority in due course.

From CIC GOLD website: http://www.cicgold.com/pdf/Jin%20Ce%20Gold.pdf Guizhou Jin Ce Mining Co. Ltd. is a Sino Joint Venture Company which is 95% owned by Perfect Ally Limited. The company enjoys highly sort after tenure in China Golden Triangle which China’s largest gold producing mines are located. The Company has retained Brian Willians former Sino Gold Geologist since 1998 to conduct exploration and drill program. Sino Gold Jinfeng mine located near Jin Ce and is China’s second largest gold mine (sold to Eldorado). Jin Ce has established a Sino Joint Venture Company to facilitate future public listing and the raising investment capital.Jin Ce tenure is located in the central part of China’s Golden Triangle Guiyang Province. JIN CE SUMMARY: •Large combined lease tenure area 49.76 Sq Km located at China leading gold producing mines including Eldorado Gold JinFeng mine and ZiJin, China’s leading gold producer. •Chinese resource potential at 4.05 M Oz. at + 0.8g/t cut off grade (non JORC) •Mining Licence awarded with future open cut mining operation envisaged •Resources open at depth and along strike to key mineralised zones and includes geological mapping,sampling, trench sampling and soil geochemistry •Canadian NI 43-101 completed by Sino Gold former lead geologist Brian Williams •Initial exploration drilling 26 holes, 4511 meters •Extensive 18 year exploration geology data base •State listed mineral Gold asset as China’s leading prospective gold tenure PROSPECTIVITY •Large visible gold system evident with two of China’s leading producing mines located nearby •Highly sought after mineral leases •Extensive past oxide mining activity on untested areas (now stopped) •Local machinery suggests lucrative unlicensed operations •License areas provide control over a large system •Initial test trenching and drilling completed GEOLOGICAL SETTING •Jin Ce lis located in China’s Golden Triangle with extensive mine operations •Golden Triangle or Dian Qian Gui Area has seen the development of major gold mines with Zijin Mining and Sino Gold (Eldorado) now operating China’s largest gold

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