China Gold International Releases Copper and Gold Production Guidance: Copper Production at the Jiama Mine Is Expected to Be Approximately 63,000 mt to 67,000 mt in 2025

On January 16, China Gold International's stock price rose. As of 10:28 AM on January 16, China Gold International increased by 2.21%, trading at HKD 43.9 per share.

On January 13, China Gold International released its 2025 annual production guidance on the Hong Kong Stock Exchange and reported that the production and operations of its Jiama Copper-Gold Polymetallic Mine (Jiama Mine) were unaffected by the earthquake in the Tibet Autonomous Region.

2025 Annual Production Guidance

· Jiama Mine: Copper production is expected to be approximately 139 million to 148 million pounds (about 63,000 mt to 67,000 mt), and gold production is expected to be approximately 69,124 to 73,947 ounces (about 2.15 mt to 2.3 mt);

· Chang Shan Hao Mine: Gold production is expected to be approximately 77,162 to 83,592 ounces (about 2.4 mt to 2.6 mt).

The company reported that the earthquake that occurred on January 7, 2025, in Dingri County, Shigatse City, Tibet Autonomous Region, did not impact the Jiama Mine, located 500 kilometers away in Maizhokunggar County. In accordance with safety operating regulations, preventive safety measures were immediately implemented in all mining areas of the Jiama Mine.

Mr. Chengguang Hou, Chairman and CEO of the company, commented: "China Gold International successfully resumed production operations at the Jiama Mine in 2024 and achieved profitability in Q3. In 2025, the company will focus on stable production while implementing the established development plan for the Jiama Mine and accelerating the development of deep resources at the Chang Shan Hao Mine to deliver better performance and higher returns for shareholders."

China Gold International is expected to disclose its audited 2024 financial statements, notes, and management discussion and analysis by the end of March 2025.

On December 30, 2024, China Gold International disclosed its preliminary production results for 2024. As of December 29, 2024, copper production at the Jiama Mine was approximately 46,300 mt, and gold production was approximately 1.66 mt, exceeding the annual production guidance. Gold production at the Chang Shan Hao Mine was approximately 3.35 mt, meeting the annual production guidance.

2024 Preliminary Production Results

Based on the company's production as of December 29, 2024, the Jiama Mine's 2024 production exceeded the annual production guidance disclosed on March 28, 2024, while the Chang Shan Hao Gold Mine (Chang Shan Hao Mine) met the annual production guidance disclosed on March 28, 2024:

· Jiama Mine: Copper production was approximately 102 million pounds (about 46,300 mt), and gold production was approximately 53,370 ounces (about 1.66 mt);

· Chang Shan Hao Mine: Gold production was approximately 107,737 ounces (about 3.35 mt).

When releasing the preliminary production results for 2024 and the long-term development plan overview for the Jiama Mine, the company also announced the long-term development plan for the Jiama Mine:

The company will provide the 2025 annual production guidance in due course. However, the company wishes to provide the latest updates on the Jiama Mine's operations.

In 2024, the company successfully restored stable production at the Jiama Mine. Meanwhile, the company continued to optimize the comprehensive utilisation plan for the Jiama Mine's resources, integrated proven underground high-grade resources, and accelerated the exploration of potential new resources. The long-term development plan for the Jiama Mine is divided into three phases:

· Before the completion of the new tailings storage facility ("Youlongbu Tailings Storage Facility"), the Phase II beneficiation plant at the Jiama Mine will maintain its current ore processing capacity of 34,000 mt/day to ensure alignment with the storage capacity of the Guolangou Tailings Storage Facility (Note: The Phase I beneficiation plant at the Jiama Mine ceased operations in May 2024).

· The Youlongbu Tailings Storage Facility is expected to commence operations in 2027, at which point the Jiama Mine's capacity will be further enhanced. Over the next two years, as part of the underground resource integration plan, the Jiama Mine plans to apply for an increase in the permitted capacity of its mining license under the premise of safety approval. Currently, the Jiama Mine's mining license permits a capacity of 14.4 million mt/year (approximately 44,000 mt/day based on 330 days). If the government approves the increase in permitted capacity, the Jiama Mine's ore processing volume will be able to return to 50,000 mt/day after the Youlongbu Tailings Storage Facility begins operations, aligning with the design processing capacity of the beneficiation plant. Simultaneously, the Jiama Mine will strive to restore production to pre-tailings overflow levels by reasonably adjusting the proportion of underground high-grade ore.

About China Gold International Resources Corp. Ltd.

China Gold International is a gold and base metals mining company incorporated in British Columbia, Canada. The company primarily operates the Chang Shan Hao Gold Mine in Inner Mongolia, China, and the Jiama Copper-Gold Polymetallic Mine in Tibet, China. China Gold International's development goal is to continuously create value for shareholders by increasing production at existing mines, expanding resource reserves, and acquiring and developing new international projects. The company is listed on the Toronto Stock Exchange (stock code: CGG) and the Main Board of the Hong Kong Stock Exchange (stock code: 2099).