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China Gold International Reports Year-End 2018 Results and Provides 2019 Outlook

GlobeNewswire - Tue Mar 26, 5:14PM CDT

China Gold International Resources Corp. Ltd. (TSX: CGG; HKEx: 2099) (the "Company" or "China Gold International Resources") is pleased to report Year-End 2018 results and provide 2019 Outlook.

FINANCIAL, PRODUCTION AND OPERATION HIGHLIGHTS

2018 Fourth quarter highlights

2018 Annual highlights

CSH Mine                                      Year ended December 31,
                                              2018        2017
Total production cost (US$) of gold per ounce 1,164       1,055
Cash production cost* (US$) of gold per ounce 750         670
* Non-IFRS measure
Jiama Mine                                        Year ended December 31,
                                                  2018        2017
Total production cost* (US$) of copper per pound  2.97        2.47
Total production cost* (US$) of copper per pound  2.08        1.36
after by-products credits***
Cash production cost** (US$) per pound of copper  2.25        2.05
Cash production cost**  (US$) of copper per pound 1.36        0.94
After by-products credits***

* Production costs include expenditures incurred at the mine sites for the activities related to production including mining, processing, mine site G&A and royalties etc.

** Non-IFRS measure

*** By-products credit refers to the sales of gold and silver during the corresponding period.

LIQUIDITY AND CAPITAL RESOURCES

2019 PRODUCTION AND OPERATING OUTLOOK:

ANNUAL RESULTS INVESTOR AND MEDIA PRESENTATION

Management will hold its 2018 Annual Results Investor and Media Presentation in Hong Kong on March 28, 2019 at 10 a.m. (Hong Kong time). Year-End 2018 results and performance will be discussed with a question and answer period.

For a detailed look at the financial statements and MD&A for the year ended December 31, 2018, please visit the Company's website at www.chinagoldintl.com, The Stock Exchange of Hong Kong Limited's website at www.hkex.com.hk or SEDAR at www.sedar.com.

About China Gold International Resources

China Gold International Resources Corp. Ltd. is based in Vancouver, BC, Canada and operates both profitable and growing mines, the CSH Gold Mine in Inner Mongolia, and the Jiama Copper-Polymetallic Mine in Tibet Autonomous Region of the People's Republic of China. The Company's objective is to continue to build shareholder value by growing production at its current mining operations, expanding its resource base, and aggressively acquiring and developing new projects internationally. The Company is listed on the Toronto Stock Exchange (TSX:CGG.TO) and the Main Board of The Stock Exchange of Hong Kong Limited (HKEx:2099).

For additional information on China Gold International Resources Corp. Ltd., please refer to its SEDAR profile at www.sedar.com or contact Tel: 604-609-0598, Email: info@chinagoldintl.com, Website: www.chinagoldintl.com.

Cautionary Note About Forward-Looking Statements

Certain information regarding China Gold International Resources contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although China Gold International Resources believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. China Gold International Resources cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what China Gold International Resources currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.

https://ml.globenewswire.com/media/eda8caaa-fb32-494c-b4bf-280585706ce0/small/chinagold-jpg.jpg

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