Press release from Marketwire
Mr. Zhaoxue Sun, Chairman of China Gold International Awarded the "2011 CCTV Chinese Annual Economic Figures"
Tuesday, December 13, 2011
Mr. Zhaoxue Sun, Chairman of China Gold International Awarded the "2011 CCTV Chinese Annual Economic Figures"09:20 EST Tuesday, December 13, 2011VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 13, 2011) -China Gold International Resources Corp. Ltd. (TSX:CGG)(HKSE:2099) (the "Company") is pleased to announce that on December 12, 2011, Mr. Zhaoxue Sun, the Company's Chairman and former CEO, was honoured as one of the top 10 "2011 CCTV Chinese Annual Economic Figures".Since becoming the president of China National Gold Group Corporation(CNG) in 2006, Mr. Sun made great achievements in growing CNG into the largest gold producer in China. He also led CNG's investment in the Company, and CNG is currently the largest shareholder of the Company which has been designated as the only overseas flagship vehicle for CNG's international business development. After CNG became the largest shareholder of the Company, Mr. Sun led the management team in its efforts to improve the Company's CSH operation, ramping up production from 57,517 ounces in 2008 to 111,000 ounces in 2010 and an estimate of 125,000 ounces in 2011. Under his great leadership, the resource for the Company's Jiama mine increased from 1.38 million tonnes of copper resource (M&I grade 0.74%) to 4.08 million tonnes of copper resource (M&I grade 0.41%) in 2010. Under Mr. Sun's current leadership, the Company is aggressively looking for potential gold and other non-ferrous properties globally with a goal of becoming a truly international gold mining company.About the AwardSelection of the CCTV Chinese Annual Economic Figures has a history of 12 years. It is hailed as the annual searching engine of Chinese economy. With standards of "driving force, influence, innovation and responsibility", this selection takes "the quality of growth" as the theme of the year. It searches the leaders and best practitioners who have changed the developing mode of China in 2011. Forward-looking statementsCertain statements made herein, and other statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information and statements are typically identified by words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "plan", "estimate", "will", "believe" and similar expressions suggesting future outcomes or statements regarding an outlook. All such forward-looking information and statements are based on certain assumptions and analysis made by China Gold International Resources Corp. Ltd.'s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risks and Uncertainties" elsewhere in the Company's MD&A filed at www.SEDAR.com. The reader is cautioned not to place undue reliance on forward-looking information or statements. Except as required by law the Company does not assume the obligation to revise or update these forward looking statements after the date of this document or to revise them to reflect the occurrence of future, unanticipated events.FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsChina Gold International Resources Corp. Ltd.firstname.lastname@example.org