China Gold International Resources Successfully Completed the Issuance of US$500 Million Corporate Bond.

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VANCOUVER, July 17, 2014 – China Gold International Resources Corp. Ltd. (TSX: CGG; HKEx: 2099) (the "Company", the "Guarantor" or "China Gold International Resources") is pleased to announce that on July 17, 2014, the Company, through its wholly-owned subsidiary, Skyland Mining (BVI) Limited (the "Issuer"), and with the assistance of Joint Lead Managers as defined in the previous news release dated July 10, 2014, has successfully completed the issuance of bonds (the "Offer", or the "Bonds") in an aggregate principal amount of US$500 million.

Referring to the previous news release dated July 10, 2014, the Company informs that all the conditions precedent to the issue of the Bonds as set out in the Subscription Agreement have been satisfied. The Bonds are expected to be listed on The Stock Exchange of Hong Kong Limited on July 18, 2014.

Mr. Bing Liu, CEO of the Company, noted that the transaction was noteworthy on several accounts. Mr. Liu said "This issue was the first US dollar denominated bond issue supported by a company's credit rating outside of China in the history of the gold companies in Asia Pacific Region. The financing costs were significantly lower than the industry standard. The Offer was nearly 15 times oversubscribed. The Offer generated the highest percentage of subscription by European investors compared to other recent Chinese corporate bond issues. We set a benchmark in the international capital markets for others to follow."

The Bonds have not been sold, issued, delivered or offered directly or indirectly in Canada or to, or for the benefit of, any resident of Canada, or for others to resale, directly or indirectly, in Canada or to, or for the benefit of, any resident of Canada, except as otherwise permitted under applicable Canadian laws and regulations. An application was made to The Stock Exchange of Hong Kong Limited for the listing of, and permission to deal in the Bonds by way of debt issues to qualified professional investors only and such permission is expected to become effective on July 18, 2014. The Bonds and the guarantee have not been and will not be registered under the Securities Act and may not be offered or sold within the United States except in certain transactions exempt from, or not subject to, the registration requirements of the Securities Act. Furthermore, none of the Bonds were or will be offered to the public in Hong Kong other than to "professional investors" as defined in the Securities and Futures Ordinance (Cap. 571) of Hong Kong.

About China Gold International Resources

China Gold International Resources Corp. Ltd. is based in Vancouver, BC, Canada and operates both profitable and growing mines, the CSH Gold Mine in Inner Mongolia, and the Jiama Copper-Gold Polymetallic Mine in Tibet Autonomous Region of the People’s Republic of China. The Company’s objective is to continue to build shareholder value by growing production at its current mining operations, expanding its resource base, and aggressively acquiring and developing new projects internationally. The Company is listed on the Toronto Stock Exchange (TSX: CGG) and the Main Board of The Stock Exchange of Hong Kong Limited (HKEx: 2099).

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Cautionary Note About Forward-Looking Statements

Certain information regarding China Gold International Resources contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although China Gold International Resources believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. China Gold International Resources cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what China Gold International Resources currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.