Kryso Signs Agreement with China Non-Ferrous Metals International Mining Co. Ltd. ("CNMIM")

11 Jan 2011 10:35

11 January 2011

Kryso Resources plc

("Kryso" or the "Company")

Kryso Signs Agreement with China Non-Ferrous Metals International Mining Co. Ltd. ("CNMIM")

Kryso Resources plc (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, is pleased to announce that it signed a Cooperation Agreement with CNMIM yesterday on setting up offices in Beijing, China.

The signing took place as part of a signing ceremony between UK and Chinese organisations, held at Lancaster House, London yesterday. Deputy Prime Minister, Nick Clegg, and Vice Premier Li Keqiang witnessed a total of 17 signings, both Official and Commercial during the ceremony.

The Cooperation Agreement entered into between the Company and CNMIM (which is in addition to the Subscription Agreement entered into between the parties on 27 July 2010) includes the opening of an office in Beijing, whilst maintaining the offices in London and re-enforces the commitment of both parties to co-operate together to bring the Pakrut gold project into production.

-Ends-

Enquires:

Dr Trevor Davenport/Craig Brown, Kryso Resources plc

Tel: +44 (0)20 7371 0600

Katy Mitchell, WH Ireland Limited

Tel: +44 (0)16 1832 2174

Christian Dennis/Jeremy King, Optiva Securities Limited

Tel: +44 (0)20 3137 1902

Bob Huxford, Walbrook PR

Tel: +44 (0)20 7933 8780

Mobile: 07900 346 978

Bob.huxford@walbrookpr.com

About the Pakrut Gold Project

The Pakrut gold project, of which Kryso has 100% ownership, is situated in Tajikistan approximately 112km northeast of the capital city Dushanbe. Pakrut has total JORC Code-compliant Mineral Resources of 3,024,000 oz Au (assuming a cut-off grade of 0.0g/t Au) 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.

About Tajikistan

Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States (CIS) and the Shanghai Cooperation Organisation. Tajikistan hosts numerous operating precious metal mines as well as the largest aluminium smelter in Central Asia. Kryso's management team has extensive experience in the mining industry in Tajikistan.

Copyright Business Wire 2011