Mr. Liangyou Jiang reports

CHINA GOLD INTERNATIONAL RESOURCES CORP. LTD. - OVERSEAS REGULATORY ANNOUNCEMENT

China Gold International Resources Corp. Ltd. has provided preliminary full-year production results for 2020 and released annual production guidance for 2021.

2020 preliminary production results

• The consolidated gold production is approximately 234,700 ounces (approximately 7.3 tonnes), exceeding the 2020 production guidance of 212,000 ounces by about 10 per cent. The copper production is approximately 176 million pounds (approximately 80,000 tonnes), exceeding the 2020 production guidance of 145 million pounds by more than 21 per cent. These are preliminary results. The actual annual production data shall be released in the 2020 annual financial statements of the company.

Production guidance for 2021

• The company anticipates production of approximately 235,000 ounces of gold in 2021; and
• The company anticipates production of approximately 177 million pounds of copper in 2021.

The company's chairman and chief executive officer, Liangyou Jiang, said: "Two thousand twenty has been a challenging year for the company due to the volatile market conditions, the impact of COVID-19 pandemic and the uncertainty with sharp downturn of global economy. However, our management team and staff have overcome all the difficulties and achieved great success by means of improved operational excellence, outstanding HSE management, continuous cost control and risk prevention, resulting in the best annual performance of the company in the history. The copper production of Jiama mine reached a historical high and CSH mine operated smoothly with the gold production on a consistent high level. The total actual copper and gold production has greatly exceeded the original production guidance. The company will continue improving its operation in 2021, steadily achieve performance milestones and create value for our shareholders."

Final year-end 2020 results

The company expects to report its 2020 annual financial statements by the end of March, 2021. In connection with the release, management will hold its annual roadshow event to discuss the company's year-end results and performance.

About China Gold International Resources Corp. Ltd.

China Gold International Resources is incorporated in British Columbia, Canada, and operates both profitable and growing mines, the CSH gold mine in Inner Mongolia Autonomous Region, and the Jiama copper-polymetallic mine in Tibet Autonomous Region of the People's Republic of China. The company's objective is to continue to build shareholder value by growing production at its current mining operations, expanding its resource base, and aggressively acquiring and developing new projects internationally.

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