Hami Gold Mine Co., Ltd. Shuts Down Mine Shafts and Wellheads in Compliance with Local Government Requirements

Western Gold Announcement: The wholly-owned subsidiary of the company, Western Gold Hami Gold Mine Co., Ltd., has dismantled and closed part of the mine's shafts and wellheads as required by the local government. The Hami company is currently integrating mining rights and is still in a state of suspension.

In accordance with the requirements of the Yizhou District government, the dismantling and closure work of 11 mine shafts at the Jinwozi Gold Mine and the 210 Gold Mine has been completed. After a comprehensive inventory of the assets in the aforementioned mining areas by the Hami company's Security Department, Comprehensive Management Department, and Finance Department, a total of 123 assets amounting to approximately 31.9854 million yuan will be unable to be used after the completion of the Jinwozi mine area mining rights integration by the Hami company in the later stage.