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Press release from Marketwire

China Gold Restates Drill Intercepts by Removing Composite Averaging: Intercepts Include 185.58 Meters Grading 0.93 g/t Au

Wednesday, December 21, 2011

China Gold Restates Drill Intercepts by Removing Composite Averaging: Intercepts Include 185.58 Meters Grading 0.93 g/t Au09:20 EST Wednesday, December 21, 2011VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2011) -China Gold International Resources Corp. Ltd. (TSX:CGG)(HKSE:2099) (the "Company") is issuing this news release to clarify drill results from its 108 hole diamond drill program at its CSH gold mine located in Inner Mongolia, China by removing the composite averages provided in the original press release.The Company's 108-drillhole (59,145 meter) exploration program, completed on schedule in November 2011 at the minesite, focused on defining and expanding the current resource at the operation. Results will be used to complete an updated mineral resource estimate below the existing open pit. All of the assay results were received in late November 2011. Highlights of the 2011 drill program from the recently received assay results include intercepts of 185.58 meters (true width) grading 0.93 g/t Au in hole DDH9800-3 and 177.32 meters (true width) grading 0.77 g/t Au in hole DDH9900-1."We are pleased with the results from the drill campaign. The results indicate that the gold mineralization is continuous and the gold grade has improved at depth beneath the current open pit operation and provides confidence that the resource at CSH should increase. With a growing gold resource and the recent increases in mine water supply, we look forward to potentially further expanding the mine production capacity from its current 30,000 tpd," commented Dr. Xin Song, CEO, China Gold International Resources Corp. Ltd.Assays from the 108 drill holes are presented below: Drillhole # (DDH#)Ore Zone #Depth (m)Width (m)True Thickness (m)Au (g/t)FromTo6900-1(1)240.90243.602.702.300.57(2)259.55264.054.503.840.616900-2No Significant Mineralization7000-1(1)192.90210.6017.7014.410.64(2)253.85258.354.503.771.747000-2(1)263.26270.297.035.500.58(2)306.29314.298.006.380.72(3)321.49325.494.003.190.537000-3No Significant Mineralization7100-1(1)141.85151.8510.007.970.51(2)177.25212.5735.3228.870.61(3)226.20240.2014.0011.591.297100-2(1)221.83248.3026.4720.930.60(2)271.55303.5532.0025.660.72(3)315.00331.0016.0012.921.077100-3(1)401.55430.1028.5521.430.53(2)459.65479.6520.0015.230.52(3)500.84508.647.805.970.60(4)514.65518.654.003.051.117200-1(1)185.35200.7515.4011.160.51(2)210.75216.756.004.351.37(3)224.75256.0031.2523.210.82(4)262.80282.2019.4014.591.247200-2(1)239.07251.0712.008.030.52(2)262.10364.50102.4069.870.577200-3(1)469.37523.8254.4541.000.71(2)531.82535.874.053.102.747300-1(1)220.70227.006.304.590.53(2)257.50316.4058.9044.800.577300-2(1)368.05396.8728.8219.720.77(2)406.83435.7528.9219.810.767300-3(1)448.22511.2363.0149.780.637400-1(1)373.65407.4033.7527.270.527400-2(1)444.95452.357.406.130.50(2)463.20506.2043.0036.100.527400-3No Significant Mineralization7500-1(1)169.90208.6038.7029.990.76(2)239.65258.4518.8014.810.557500-2(1)346.95367.4520.5016.150.907500-3(1)456.90468.9012.009.190.51(2)482.49540.6558.1645.750.717600-1(1)272.51314.4941.9834.550.87(2)322.67330.057.386.150.597600-2(1)476.90482.345.444.480.55(2)488.64504.6416.0013.180.527700-1(1)203.60250.4546.8536.800.53(2)258.55315.0756.5245.240.79(3)327.10330.953.853.121.497700-2(1)374.20388.1813.9811.360.627700-3(1)438.80446.367.565.870.597800-1(1)187.52211.1323.6118.300.66(2)230.83309.4378.6063.040.557800-2(1)288.76307.0118.2511.440.50(2)334.87379.9645.0937.810.65(3)391.81403.3611.559.930.737900-1(1)226.44238.1811.749.431.01(2)280.04295.2815.2411.880.65(3)301.77340.4138.6430.270.977900-2(1)341.41352.4111.008.750.52(2)362.91368.415.504.380.52(3)378.03384.416.385.220.77(4)391.35408.6117.2614.340.97(5)423.21465.8742.6636.260.528000-1(1)199.83203.753.923.000.60(2)270.52274.604.083.070.70(3)299.13303.134.003.100.59(4)335.45360.7025.2519.700.538000-2(1)377.55383.556.004.810.69(2)398.75404.756.004.840.53(3)423.20444.5221.3217.320.518100-1(1)254.00261.387.385.800.53(2)272.87295.2622.3918.370.638100-2(1)366.20390.8524.6519.650.54(2)398.85457.1058.2546.340.778200-1(1)212.94310.2797.3377.050.828200-2(1)374.38384.3910.018.520.51(2)394.39425.6031.2126.700.628300-1(1)275.96287.0211.068.840.55(2)295.58324.4628.8823.102.19(3)331.96353.3321.3717.480.76(4)372.17376.163.993.260.738300-2(1)513.97526.9913.0211.330.57(2)534.82555.3520.5318.230.578400-1(1)251.35317.7266.3750.260.708400-2(1)32.1035.103.002.160.57(2)346.90377.5030.6024.240.998500-1(1)208.14215.727.586.160.57(2)221.45233.1011.659.690.568500-2(1)325.75380.4554.7045.110.608600-1(1)217.50225.508.006.191.32(2)244.10283.6039.5032.450.698600-2(1)316.00328.0012.009.470.56(2)340.40357.5117.1113.740.50(3)363.50376.8513.3510.750.508700-1(1)35.4939.293.802.700.63(2)143.44160.6917.2512.800.67(3)170.20184.4014.2010.880.538700-2(1)119.40123.203.802.800.56(2)353.90359.906.005.000.528800-1(1)200.60217.1016.5013.260.538800-2(1)321.50329.508.006.660.598900-1(1)92.44102.009.565.570.649300-1(1)173.72185.0511.338.930.62(2)213.15221.158.006.340.579300-2(1)238.49246.998.506.790.81(2)331.54339.548.007.000.60(3)380.09390.7910.709.410.549400-1(1)197.15237.7540.6031.490.569400-2(1)357.20361.003.803.070.67(2)382.50435.4352.9343.460.569500-1(1)62.43184.28121.8575.050.559500-2(1)40.3045.455.153.440.62(2)174.80178.804.002.870.77(3)314.00376.2662.2648.961.129600-1(1)184.23197.2513.029.030.73(2)285.67342.9357.2642.530.54(3)395.29419.2924.0018.251.069600-2(1)235.26242.777.515.220.73(2)265.26270.265.002.440.65(3)404.76417.8413.0810.140.58(4)442.97454.4211.459.000.67(5)462.26528.8666.6051.870.519600-3(1)44.7062.2017.5011.300.51(2)354.50368.5014.0010.530.52(3)415.35419.354.003.100.60(4)458.15507.6049.4538.960.55(5)514.04613.2299.1880.520.909700-1(1)36.8874.2037.3225.450.56(2)206.64222.2015.5611.560.59(3)252.20255.813.612.760.73(4)267.85359.1691.3171.030.599700-2(1)184.07190.005.934.080.55(2)338.75346.778.026.270.72(3)354.77469.17114.4092.770.61(4)509.57522.3312.7611.050.529700-3(1)26.3535.569.215.640.52(2)376.36384.157.795.820.65(3)463.01512.2649.2539.080.90(4)518.26537.4619.2015.420.72(5)543.86591.1647.3038.270.78(6)670.66674.363.703.080.529700-4(1)582.41606.5724.1616.730.52(2)617.21680.6063.3946.221.05(3)688.74700.5511.819.041.20(4)745.40749.404.003.060.57(5)757.50782.9525.4519.710.509800-1(1)192.20196.794.593.070.51(2)209.75301.2091.4562.100.80(3)308.30358.8050.5034.401.18(4)426.97512.2885.3163.700.679800-2(1)375.15379.154.002.680.52(2)501.75612.76111.0180.470.91(3)621.80628.416.614.860.74(4)636.55714.2977.7457.950.999800-3(1)66.4670.464.002.350.52(2)398.06402.064.003.060.57(3)472.20686.08213.88185.580.939900-1(1)223.10229.005.903.680.72(2)267.74517.70249.96177.320.779900-2(1)283.22307.5024.2815.600.58(2)314.38319.254.873.131.63(3)335.30356.3021.0013.770.57(4)376.40381.705.303.610.99(5)387.70421.7034.0023.180.53(6)440.20484.0043.8030.650.77(7)490.00505.6515.6511.250.77(8)519.68588.7069.0250.671.10(9)596.70600.704.003.010.59(10)614.20732.64118.4493.230.709900-3(1)538.95552.9514.009.000.69(2)560.92571.1810.266.591.02(3)661.33678.2316.9012.180.52(4)704.28750.6146.3334.470.56(5)760.61834.6574.0457.240.5010000-1(1)700.36723.8023.4418.701.21(2)729.80756.4026.6021.500.54(3)765.60768.532.932.370.51(4)801.24902.40101.1682.290.5010100-1(1)143.86149.866.003.930.55(2)184.11253.8369.7247.610.70(3)272.11394.12122.0189.850.80(4)409.56437.8728.3121.570.5710100-2(1)222.71226.714.002.520.59(2)314.66318.664.002.620.70(3)326.66337.5410.887.280.52(4)345.12450.70105.5872.590.63(5)497.50511.7214.2210.380.64(6)529.15535.616.464.800.56(7)543.72555.7212.008.910.67(8)562.08568.086.004.460.52(9)575.76579.764.003.020.71(10)587.82619.6531.8324.020.56(11)637.61671.1833.5725.640.51(12)683.18701.9418.7614.340.5210100-3(1)464.52477.0712.558.710.50(2)510.65527.0316.3811.400.50(3)541.03571.7530.7221.700.93(4)587.75599.7512.000.598.63(5)614.09617.543.452.481.62(6)623.54654.5130.9722.610.55(7)679.86745.0365.1748.670.98(8)762.95770.697.745.900.5210100-4(1)781.00785.004.003.190.55(2)920.63924.523.893.150.71(3)942.52956.0413.5210.930.5510200-1(1)140.17161.8721.7012.870.79(2)228.18232.184.002.551.22(3)268.40347.6479.2456.010.84(4)371.52445.8674.3461.880.63(5)454.66486.8032.1427.560.50(6)492.56511.0618.5015.990.79(7)517.06545.4428.3824.630.5210200-2(1)420.77440.7720.0015.170.54(2)466.31602.84136.53106.720.57(3)696.28701.204.923.880.5510200-3No Significant Mineralization10300-1(1)107.84125.5217.6811.050.59(2)171.48355.27183.79122.610.66(3)366.62389.2822.6614.921.0110300-2(1)257.91265.918.005.430.52(2)274.21294.0019.7914.690.51(3)308.00325.7417.7413.170.57(4)335.63459.92124.2991.160.7610300-3(1)423.64426.933.292.250.66(2)508.06535.1527.0919.790.50(3)580.07616.4636.3928.010.50(4)638.47644.686.214.820.5410300-4(1)734.47740.476.004.160.57(2)760.88782.1221.2414.800.5110300-5(1)766.76815.4448.6836.440.7310400-1(1)372.90486.35113.4591.760.6310400-2No Significant Mineralization10400-3(1)549.29557.298.006.610.52(2)591.43640.1648.7338.330.5110400-4(1)785.89789.894.003.190.5710500-1(1)188.68257.5168.8344.350.63(2)271.04340.9569.9148.200.5910500-2(1)565.07575.0710.007.240.57(2)585.03588.343.312.410.7710500-3(1)564.12568.124.002.950.62(2)621.47626.284.813.620.53(3)642.34648.346.004.540.6810500-4No Significant Mineralization10600-1(1)280.25353.7773.5259.160.5510600-2(1)359.91443.9484.0369.860.6010600-3(1)615.30621.326.025.140.5110600-4(1)798.31802.324.013.340.6810700-1(1)139.84157.4217.5811.900.71(2)170.46173.963.502.370.55(3)199.96226.4626.5018.110.5110700-2(1)369.15382.0012.8511.130.7210700-3No Significant Mineralization10800-1(1)241.88259.6117.7311.410.5610800-2(1)213.67217.704.033.140.5911000-1(1)147.80159.6211.827.240.669600-4(1)306.21314.708.494.141.38(2)323.40331.408.004.090.75(3)339.40389.5050.1026.570.739800-4No Significant Mineralization10000-2No Significant Mineralization10000-3No Significant Mineralization10200-4(1)461.66468.336.672.710.51(2)590.91632.9142.0022.330.8710200-5No Significant Mineralization10400-5(1)402.65412.6510.004.970.5110400-6No Significant Mineralization10600-5(1)322.20343.6321.439.960.5310600-6No Significant MineralizationNotes:All grades reported are sample length weighted averages (LWA), where the individual samples range from 0.5 to 2 meters lengths with most in two-meter lengths. The intervals listed above include both drill intercept widths and calculated true widths based on actual down-hole surveys. Please refer to the Appendix at the bottom of the press release on the Company's website (www.chinagoldintl.com) for additional information on the drill program including drill collar locations.Quality Control and Quality Assurance:Due to the large amount of samples to be assayed, two internationally recognized well known labs were chosen to perform the assays. One is the SGS Tianjin Lab and the other ALS Chemex Guangzhou lab, both in China. At the SGS Tianjin Lab China and ALS Chemex Guangzhou Lab, the samples were dried, pulverized to approximately 95%-pass 200 mesh (75um). The gold content was determined using the standard 30-gram fire assay followed by Atomic Absorption techniques. About 10% of the samples that were assayed above 0.2 ppm Au were checked by a third lab, the ITS Shanghai Lab, which is also an internationally well recognized lab. China Gold, SGS and ALS all maintain comprehensive and independent Quality Control/Quality Assurance programs.Please refer to the Appendix at the bottom of the press release on the Company's website (www.chinagoldintl.com) for additional information on the Company's quality control and quality assurance measures.Qualified PersonsMario Rossi, M.Sc., Min. Eng., of GeoSystems International Inc., an Independent Qualified Person as defined by National Instrument 43-101 has reviewed the drill program, supervised the preparation of the scientific and technical information and verified the data supporting such scientific and technical information contained in this news release.About CSH MineThe CSH Mine is an open pit, heap leaching gold mine located in Inner Mongolia of China, approximately 210km northwest of the city of Baotou. Production has increased each year since commercial production was reached in 2008. The total commercial gold production in 2008 was 33,671 ounces, 83,570 ounces in 2009 and 111,000 ounces in 2010. Production guidance to 2011 is estimated to reach 120,000 to 125,000 ounces (92,244 ounces year to date as of September 30, 2011). Currently the 2011 drilling program is complete at the minesite, and a full evaluation on the mine's potential for gold mineralization is in progress.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.604.609.0598 or 86 10 5639 3938info-chinagoldintl@chinagoldintl.comwww.chinagoldintl.comHong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.