China Gold International Resources Corp. Ltd. announced that, on November 13, 2018, its board of directors accepted the following changes in senior management and board composition: Mr. Bing Liu has resigned as Chief Executive Officer (‘CEO') and Executive Director of the company. Mr. Bing Liu served as a Non-Executive Director from May 2008 to February 2014 when he was appointed as Chief Executive Officer and an Executive Director.

Mr. Liu has played a major role in the success of the Company. Mr. Liu has tendered his resignation in order to devote his time to a new position within China National Gold Group Co. Ltd. (‘CNG' or ‘China National Gold').

Mr. Lianzhong Sun has resigned as Non-Executive Director of the company. Mr. Lianzhong Sun has served as Non-Executive Director since February 2014. Mr. Sun also served as Vice President of China National Gold, since 2011, where he was mainly responsible for resources development.

Mr. Sun's resignation represents a general retirement from all positions at CNG. Mr. Liangyou Jiang has been appointed as CEO of the company. Mr. Jiang joined the company in August 2010 and has moved quickly through the Company's ranks.

He started as General Manager of Tibet Huatailong Mining Development Corp. Ltd. (‘Tibet Huatailong'), the company's wholly-owned subsidiary, and in February 2012 was appointed as Chairman of Tibet Huatailong. On August 18, 2014, he was appointed Senior Executive Vice President and on October 23, 2014 he joined the Board of Directors of the Company.

In addition, Mr. Jiang served as VicePresident of CNG since July 2018, manager of Oversea Operation Department of CNG from December 2015 to July 2018, and Director of China National Gold Group Hong Kong Limited, CNG's whollyowned subsidiary, since October 2018. Ms. Fuzhen Kang has been appointed as Non-Executive Director of the company. Ms. Kang joined Tibet Huatailong in July 2008 in a number of community communications roles.

Mr. Yongqing Teng has been appointed as Non-Executive Director of the Company. Mr. Teng currently serves as Deputy General Manager of China National Gold Group Hong Kong Limited, a wholly owned subsidiary of CNG (since October 2017), Executive Director and General Manager of China Gold Group Sichuan Co. Ltd. (since October 2017), Bureau Director of Sichuan Gold Industry Administration Bureau (since November 2015), and President of Sichuan General Investment Co.

Ltd. (since November 2015). Prior to this Mr. Teng served as Manager of China Gold Sichuan Company from November 2015 to November 2017. He joined Tibet Huatailong, the Company's whollyowned subsidiary, in August 2010 where he served as Deputy General Manager until he was appointed General Manager in February 2012 and subsequently appointed Chairmanin August 2014.

Mr. Zhongxin Guo has been appointed as the Chief Engineer of the Company. Mr. Guo is a professional engineer with over 35 years' experience in engineering studies, mine engineering and mine operations. He has served as a senior mining engineer and director of technical services for the Company since 2014.

Previously Mr. Guo held senior mining engineer positions with global mining engineering consulting companies, working on a variety of projects for a wide range of clients, including some of the world's largest mining companies. He also held the position of engineering director with the Mine and Gold Branch, Changsha Engineering and Research Institute of Nonferrous Metallurgy, leading design and consultancy of key national and provincial /ministry projects in China. In addition, he also assumed responsibilities of leading China's strategic planning initiatives for development at new and existing nonferrous metals mines and smelters.

Mr. Guo will serve as the Company's internal qualified person for purposes of National Instrument 43101 of the Canadian Securities Administrators.