North Mining Shares : INSIDE INFORMATION - DISMISSAL OF THE 2ND PETITION

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") take no responsibility for the contents of this announcement, make no representation as to the 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.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

NORTH MINING SHARES COMPANY LIMITED

北方礦業股份有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 433)

INSIDE INFORMATION - DISMISSAL OF THE 2ND PETITION

This announcement is made by the board of directors (the "Board") of North Mining Shares Company Limited (the "Company") pursuant to Rule 13.09 and Rule 13.25 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

References are made to the announcements of the Company dated 4 February 2021, 11 February 2021 and 31 March 2021 (the "Announcements") in relation to the 2nd Petition filed against the Company. Capitalised terms used herein shall have the same meanings as those defined in the Announcements unless otherwise stated.

The Board announces that on 30 March 2021 and 29 April 2021, the Company made two separate payments for the full settlement of the debt claimed under the 2nd Petition. In the circumstances, the Company and the Petitioner have executed and filed a consent summons to the High Court to dismiss the 2nd Petition.

Further announcement(s) will be made by the Company to keep its shareholders and potential investors informed of any significant development in relation to the 2nd Petition as and when appropriate.

Shareholders and potential investors should accordingly exercise caution when dealing in the securities of the Company.

By order of the Board

North Mining Shares Company Limited

Yang Ying Min

Chairman

Hong Kong, 4 May 2021

As at the date of this announcement, the Board of the Company comprises Mr. Yang Ying Min, Mr. Qian Yi Dong, Mr. Zhang Jia Kun and Mr. Zhao Jian as Executive Directors; and Mr. Wong Wai Chun Alex, Ms. Guo Xiao Ying and Dato Dr. Cheng Chak Ho as Independent Non-executive Directors.