Mr. Liangyou Jiang reports

CHINA GOLD INTERNATIONAL RESOURCES CORP. LTD. ACHIEVES RECORD PRODUCTION AND EXCEEDS ANNUAL GUIDANCE IN 2021, EXPECTING CONTINUED OUTPUT GROWTH IN 2022

China Gold International Resources Corp. Ltd. has provided preliminary full-year production results for 2021 and its annual production guidance for 2022.

2021 preliminary production results exceeds annual guidance

The consolidated gold production is approximately 244,345 ounces (approximately 7.6 tonnes), exceeding the 2021 production guidance of 235,000 ounces by about 4 per cent. The copper production is approximately 191 million pounds (approximately 86,400 tonnes), exceeding the 2021 production guidance of 177 million pounds by more than 7 per cent. The above are preliminary results. The actual annual production data will be released in the 2021 annual financial statements of the company.

Production guidance for 2022:

• The anticipated gold production will be between 241,130 ounces (7.5 tonnes) and 250,775 ounces (7.8 tonnes).
• Total copper production is estimated to be between 187 million pounds (85,000 tonnes) and 198 million pounds (90,000 tonnes).

The company's chairman and chief executive officer, Liangyou Jiang, said: "Two thousand twenty-one was an important year for the company to enter a new stage of operations. We have successfully overcome unfavourable factors such as the COVID-19 pandemic, carefully organized production and continuously improved the quality of operations. As a result, the company achieved record production for both gold and copper, and exceeded the annual guidance in 2021. In 2022, we are confident to move towards higher goals and continue to create value for shareholders."

Final year-end 2021 results

The company expects to report its 2021 annual financial statements by the end of March, 2022. 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 a gold and base-metal mining company incorporated in British Columbia, Canada, and operates two mines, the CSH gold mine in Inner Mongolia, China, and the Jiama copper-gold polymetallic mine in Tibet, China. The company's objective is to build shareholder value through growing production at its current mining operations, expanding its resource base, and acquiring and developing new projects internationally. The company is listed on the Toronto Stock Exchange and the main board of The Stock Exchange of Hong Kong Ltd.

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