China Nonferrous Gold Limited announced that the Company has extended the repayment period for a series of loans that are in place with CNMC Trade Company Limited and CNMC International Capitals Company Limited. The loans being extended total USD 238.39 Million (CNMC Trade: USD 177.65 million and CNMC International: USD 60.74 million). The current loans provided by CNMC Trade, which are to be extended and which were detailed in the announcement dated 26 March 2021 and 18 March 2022, are set out below.

The Company has negotiated a lower interest rate than under the previous arrangement and the interest rate is now linked to SOFR instead of LIBOR, following LIBOR being discontinued. Other than the change to the interest rate and the extension to the term, no other changes have been made to any of the loan agreements: A loan of USD 123.6 Million: -the Company has signed an extension agreement pursuant to which the repayment date for this loan has been extended to 20 December 2023. The annual interest rate of the loan has been amended to SOFR plus 0.936% (it was previously 3.25% over 3 month LIBOR), and this new interest rate has been applied retrospectively from 16 March 2023.

Interest will be payable on 31 March, 30 June, 30 September and 31 December each year; A loan of USD 20 Million: - the Company has signed an extension agreement pursuant to which the repayment date for this loan has been extended to 26 November 2023. The annual interest rate of the loan has been changed to SOFR plus 0.936% (it was previously 3.25% over 3 month LIBOR), and this new interest rate has been applied retrospectively from 16 March 2023. Interest will be payable on 31 March, 30 June, 30 September and 31 December each year; A loan of USD 14.55 Milion: - the Company has today signed an extension agreement pursuant to which the repayment date for this loan will be extended to 31 December 2023.

The annual interest rate of the loan has been amended to SOFR plus 0.936% (it was previously 3.00%), and this new interest rate has been applied retrospectively from 16 March 2023. Interest will be payable on 31 March, 30 June, 30 September and 31 December each year; A loan of USD 19.50 million: - the Company has signed an extension agreement pursuant to which the repayment date for this loan will be extended to 19 April 2024. The annual interest rate of the loan has been changed to SOFR plus 0.936% (it was previously 0.5% over 3 month LIBOR) and this new interest rate has been applied retrospectively from 20 April 2023.

Interest will be payable on 31 March, 30 June, 30 September and 31 December each year; Extension of Loans with CNMC International In addition, the loan provided by CNMC International of USD 60.74 Million, which has also been extended so that the repayment date for this loan is now 8 December 2023. The annual interest rate of the loan has been changed to SOFR plus 0.936% (it was previously 3.25% over 3 month LIBOR), and this new interest rate has been applied retrospectively from 16 March 2023. Interest will be payable on 31 March, 30 June, 30 September and 31 December each year.

There have been no other changes to this loan arrangement.