Directors' Dealings

11 Jan 2016 07:00

China Nonferrous Gold Limited 中国有色黄金有限公司

(“CNG” or the “Company”)

Directors’ Dealings

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, was notified on 8 January 2016 that Abuali Ismatov, a Non-Executive Director of CNG, has disposed of 2,502,603 ordinary shares in the Company on 8 January 2016 at an average price of 22.8 pence each. Following this disposal, Abuali Ismatov owns no further ordinary shares in the Company.

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.

CNG is currently in a commissioning phase with mining contractors on site finalising constructing of the mine, plant, tailings dam and refinery.

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160110005015/en/

Copyright Business Wire 2016