China Gold International Resources Corp. Ltd. is pleased to announce that the commissioning of Series I of Jiama Phase II Expansion at Tibet Huatailong Development Co., Ltd. commenced December 1, 2016 as scheduled.

The Company aims to restart the commissioning of Stage One in the second half of 2016. The construction of Stage Two is under way and is expected to be completed in the second half of 2016.

CEO Bing Liu, commented: "During this challenging time for the industry our company made tremendous efforts in costs reductions on both of our mines.”

The bonds are expected to be listed on The Stock Exchange of Hong Kong Limited tomorrow.