China Nonferrous Gold Resignation of Finance Director

 
TIDMCNG 
 
 

14 December 2016

China Nonferrous Gold Limited

("CNG" or the "Company")

Resignation of Finance Director

China Nonferrous Gold Limited ?????????? (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, announces that Li Li has today resigned as the finance director of the Company for personal reasons. Mr Li has however, been appointed as a non-executive director of the Company.

Mr. Wu Xiang, Chairman, said:

"The board of the Company would like to thank Mr Li, for his contribution to the development of CNG and the Pakrut gold project as the finance director over a number of years and we are pleased he is able to continue working with the Company in his new role as a non-executive director. The board is now actively in the process of selecting and appointing a new finance 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:

China Nonferrous Gold Limited

David Tang, Managing Director

Tel: [phone]

Investec Bank Plc

Jeremy Ellis, George Price

Tel: [phone]

Beaufort Securities Limited

Jon Belliss

Tel: [phone]

Blytheweigh

Tim Blythe, Camilla Horsfall

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 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/20161214005717/en/

 
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(END) Dow Jones Newswires

December 14, 2016 09:07 ET (14:07 GMT)