Mr. Junhu Tong reports

CHINA GOLD INTERNATIONAL RESOURCES ANNOUNCES THE RESUMPTION OF OPERATIONS AT ITS JIAMA COPPER-GOLD POLYMETALLIC MINE

China Gold International Resources Corp. Ltd.'s operation of the phase II processing plant has been resumed at its Jiama copper-gold polymetallic mine effective May 30, 2024, following the receipt of approval from the government of Tibet Autonomous Region.

On March 27, 2023, the operations of the Jiama mine were suspended due to a tailings overflow at the Guolanggou tailings dam (the overflow). During the suspension of operations, the company actively carried out comprehensive repair and reinforcement work at the Guolanggou tailings dam.

With the approvals of the government of Tibet Autonomous Region and relevant departments of the central government, the phase II processing plant will resume operations with a daily processing capacity of 34,000 tonnes. The phase I processing plant which has been in operation during the production ramp-up phase will cease operations. The company is actively advancing the construction of the phase III tailings dam, which is expected to be completed and put into operation in the first half of 2026.

"I would like to take this opportunity to express my gratitude to the whole team at Jiama mine for their dedication and unwavering efforts during this difficult time. I also want to extend special thanks to our shareholders and regulatory authorities for their support and understanding. The company is committed to put paramount importance to safety and environmental protection in managing its production and operations," stated Junhu Tong, the company's chairman and chief executive officer. "We are proceeding cautiously in resuming operations and ramping up productions. The root causes of the overflow have been thoroughly reviewed and the lessons learned will be applied in future operations, as well as in the design and construction of phase III tailings dam. Health, safety and environmental protection will remain our top priorities."

About China Gold International Resources Corp. Ltd.

China Gold International 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 (CGG) and the main board of the Stock Exchange of Hong Kong (2099).

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