China Gold International Resources Reports 2024 Year-End Results and Declares Dividend

(TheNewswire)

VANCOUVER, March 27 , 202 5 – TheNewswire - China GoldInternational Resources Corp. Ltd. (TSX: CGG; HKE X : 2099) ( “ China GoldInternational Resources ” or the “ Company ” ) is pleasedto report 202 4 Year-EndResults and declaredividend.

FINANCIAL, PRODUCTION AND OPERATION HIGHLIGHTS

202 4 FOURTH QUARTER

•        Revenue in creased by 312 % to US$ 293.6 millioncompared to US$ 71.3 million for the same period in 20 2 3 .

•        Mine operating earnings of US$122.2million, increased byUS$124.1million from mine operating loss of US$ 1.9 million for the same period in2023.

•        Net income of US$ 68.3 million in creased by US$8 5 .8million from net loss of US$17.5 million for the same period in20 2 3 .

•        Cash flow from operation of US$62.7million, increased from cashused in operation of US$20.9 million for the same period in2023.

•        Total gold production in creased by 137 % to 60,406 ounces from 25,500 ounces for the same period in202 3 .

•        Total copper production was 44.1 millionpounds (approximately 20,020 tonnes) , increase d from 184,077 pounds (approximately 83tonnes) for the same period in 2023.

202 4 ANNUAL RESULTS

•        Revenue in creased by 65 % toUS$756.6million compared to US$459.4 million for the same period in20 2 3 .

•        Mine operating earnings of US$186.9 million, increased by US$106.5 million from mineoperating earnings of US$ 80.4 million for the same period in 2023.

•        Net income of US$ 65.3 million in crease d by 88.3million from net loss of US$23.0 million forthe same period in 202 3.

•        Cash flow from operation of US$306.9 million, increased by US$305.3 million from US$1.6 million for the same period in2023.

•        Total gold production in creased by 10 % to 162,652 ounces from 147,963 ounces forthe same period in 202 3 .

•        Total copper production was 105.7million pounds (approximately 47,929 tonnes) which increased by 139%from 44.2 million pounds (approximately 20,051 tonnes) for thesame period in 2023.

NEW DIVIDEND POLICY

The Company's dividend policy is a key component of itslong-term growth strategy. It aims to optimize capital allocation todrive business expansion while maintaining stable returns forshareholders. After successfully distributing special dividends forthree consecutive years (2021–2023), the Company is introducing anenhanced dividend policy designed to enhance predictability andattract long-term investors seeking a reliable incomestream .

The revised dividend policy iscomprised of a base dividend supplemented by a variable component thatadjusts based on financial performance and market conditions.

Basic dividend : Subject to profitability in theprevious financial year and after assessing the Company's cash flowposition and future capital requirements, the Company aims todistribute a basic dividend at a payout ratio of 30% of the net profitfrom the preceding financial year, with cash dividends paidannually.

Variable Component: S ubject to favorable market conditionsand sufficient funds, the Company may distribute special dividends inaddition to the bas ic dividend .

Dividends may vary in amount and consistency or bediscontinued at the Board of Directors' discretion depending onvariables including but not limited to operational cash flows, Companydevelopment requirements and strategies, spot metal prices, taxation, general marketconditions and other factors .

DECLARATION OF DIVIDENDS

In respect of the Company’s financial performance forthe year ended 31 December 202 4 , the Company is pleased to announce the declaration of following dividends:

B asic dividend: a cash dividend of US $0. 05 per sharewill be paid to shareholders at a payout ratioof 30% of the net profit of the Company for the year ended 31 December 2024 ;

S pecial dividend : In addition to the basic dividend, a one-timespecial dividend of US $0. 03 per share will be paid toshareholders.

A t otal dividend amount of US$ 0. 08 per share is hereby declared on the outstanding common shares of theCompany . The basic andspecial dividend are expected to be payable on June 18 , 202 5 to shareholders of record as of April2 3 , 202 5 .

T he basic and special dividendqualifies as an “eligible dividend” for Canadian income taxpurposes while dividends paid to shareholders outside Canada(non-resident investors) will be subject to Canadian non-residentwithholding taxes. Withholding rate will besubject to Canadian non-resident withhold ing tax rules including the tax treatybetween Canada and the country of shareholder's residence which isreflected in NR301 Form. The Company encourage s shareholders to fill out andsubmi t NR301 Form.

The Company's Chairman and CEO, Mr. Chenguang Hou,said, "2024 has been a year of overcoming challenges and reigniting growth . With the team's dedication and resilience, we completedthe comprehensive restoration of the Guolangou TailingsDam , resumed production inJune and achieved a turnaround in the third quarter, returning toprofitability. This remarkable path toresurgence underscores our team's dedication and the Company'sresilience and potential.

We have also established a balanced shareholder return framework thatprioritizes returning capital through a stable base dividend whilemaintaining financial flexibility for future growth. We are committed to delivering on our objectives, maintainingtransparency, and sustaining a strong financial position for thebenefit of our shareholders."

About China Gold InternationalResources

China Gold International Resources is a gold and basemetal mining company incorporated in BC, Canada and operates twomines, the C hang Shan Hao Gold Mine in Inner Mongolia, China and the Jiama Copper-GoldPolymetallic Mine in Tibet, China. The Company’s objective is tobuild shareholder value through growing production at its currentmining operations, expanding its resource base, and acquiring anddeveloping new projects internationally. The Company is listed on theToronto Stock Exchange (TSX: CGG) and the Main Board of The StockExchange of Hong Kong Limited (HKE X : 2099).

For further information on the Company, please refer to SEDAR’swebsite at www.sedar.com, The Stock Exchange of Hong Kong Limited’swebsite at www.hkex.com.hk, the Company's website atwww.chinagoldintl.com, or call the Company at +1-604-609-0598 andemail to info@chinagoldintl.com.

Cautionary Note About Forward-Looking Statements

Certain information regarding China Gold International Resourcescontained herein may constitute forward-looking statements within themeaning of applicable securities laws. Forward-looking statements mayinclude estimates, plans, expectations, opinions, forecasts,projections, guidance or other statements that are not statements offact. Although China Gold International Resources believes that theexpectations reflected in such forward-looking statements arereasonable, it can give no assurance that such expectations will proveto have been correct. China Gold International Resources cautions thatactual performance will be affected by a number of factors, most ofwhich are beyond its control, and that future events and results mayvary substantially from what China Gold International Resourcescurrently foresees. Factors that could cause actual results to differmaterially from those in forward-looking statements include marketprices, exploitation and exploration results, continued availabilityof capital and financing and general economic, market or businessconditions. The forward-looking statements are expressly qualified intheir entirety by this cautionary statement. The information containedherein is stated as of the current date and subject to change afterthat date.

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