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China Gold International Resources Announces Production Results at Jiama

13.07.2011  |  Marketwire

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/13/11 -- China Gold International Resources Corp. Ltd. (TSX: CGG)(SEHK: 2099) (the 'Company') is pleased to announce its production at its Jiama poly-metallic mine from January 2011 to June 2011. The Company has produced 9,215,383 pounds of copper and has seen a steady monthly increase since the beginning of 2011 achieving the highest production of copper in April, May and June. The Company also produced 2644 ounces of gold from January 2011 to June 2011 achieving the highest production of gold in April, May, and June. The Company also produced 333,526 ounces of silver from January 2011 to June 2011 achieving the highest production of Silver in April, May, and June. The production levels at Jiama have steadily increased each month since the mine was acquired by the Company in December 2010 and these levels are now at nameplate capacity for the current processing facilities. The Company is pleased with the production performance in this reporting period. The table below illustrates the production profile at Jiama from January 2011 to June 2011.



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Jiama Production Numbers January 2011 to June 2011

Month Copper (lb) Gold (Oz) Silver (Oz)

Jan 2011 279,583.29 72.82 11,013.37
Feb 2011 1,112,431.41 294.18 40,499.17
Mar 2011 1,621,572.97 456.41 63,991.33
Apr 2011 1,713,530.37 536.76 66,958.78
May 2011 2,047,086.64 458.47 72,240.57
Jun 2011 2,441,175.73 825.63 78,823.02
Total 9,215,383.40 2644.27 333,526.24
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(Data from mining operation)


Dr. Xin Song, CEO for China Gold International commented 'that the steady increase in production at the Jiama mine for April, May, and June demonstrates capability of the Jiama management and staff to optimize operations. This performance indicates that future production expansion potential at Jiama can be realized over the next few years and that Jiama will continue to improve and expand operations while meeting the commitment that the Company has made to sustainability, the environment, and the local community.'


Qualified Person


Ying Ting (Tony) Guo, Ph.D, P.Geo., a consulting geologist and Qualified Person as defined by National Instrument 43-101 has supervised the preparation of the scientific and technical information and verified the data supporting such scientific and technical information contained in this news release.


About China Gold International Resources Corp. Ltd.:


The Company is a mineral development company focused on acquisitions, exploration, development, mining and processing of gold and other non-ferrous metals. The Company is listed on the Toronto Stock Exchange (TSX: CGG) and the Main Board of the Stock Exchange of Hong Kong Limited (SEHK: 2099). The Company has been designated as the overseas flagship vehicle of China National Gold, the only gold producer in China directly controlled by the State-owned Assets Supervision and Administration Commission of the State Council.


Forward-looking statements


Certain statements made herein, and other statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute 'forward-looking information' within the meaning of applicable securities legislation. Information regarding production data has come from mining operations and will be reviewed before next financials. Forward-looking information and statements are typically identified by words such as 'anticipate', 'could', 'should', 'expect', 'seek', 'may', 'intend', 'likely', 'plan', 'estimate', 'will', 'believe' and similar expressions suggesting future outcomes or statements regarding an outlook. All such forward-looking information and statements are based on certain assumptions and analysis made by China Gold International Resources Corp. Ltd.'s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading 'Risks and Uncertainties' elsewhere in the Company's MD&A filed at www.SEDAR.com. The reader is cautioned not to place undue reliance on forward-looking information or statements. Except as required by law the Company does not assume the obligation to revise or update these forward looking statements after the date of this document or to revise them to reflect the occurrence of future, unanticipated events.

Contacts:

China Gold International Resources Corp. Ltd.

Frank Lagiglia

Investor Relations Manager

1.778.668.9883
info-chinagoldintl@chinagoldintl.com
www.chinagoldintl.com



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