China Nonferr Regulatory News (CNG)

24 Jul 2017 09:14

24 July 2017

China Nonferrous Gold Limited

(“CNG” or the “Company”)

Resignation of Managing Director

China Nonferrous Gold Limited 中国有色黄金有限公司 (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, announces that David Tang has resigned as Managing Director of the Company for personal reasons. This follows his departure as President of CNMIM, the Company’s largest shareholder.

Mr. Wu Xiang, Chairman, said:

“The board of the Company would like to thank Mr Tang for his contribution to the development of CNG and the Pakrut gold project as Managing Director over a number of years and wishes him well for the future. The board is now actively in the process of selecting and appointing a new managing director and we look forward to updating the market in due course”.

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

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.

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.

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