CNMC

GOLDMINE HOLDINGS LIMITED

No.5 Shenton Way, Singapore 068808 Tel: (65) 6220 4619 Fax: (65) 6220 1270 E-mail: info@cnmc.com.hk
For Immediate Release

CNMC Goldmine launches IPO on SGX-Catalist to raise $16.4m

Placement of 41.1 million shares (23.9 million new shares and 14.1 million vendor shares) offered at $0.40 per share First gold mining company to be listed on SGX-Catalist Expansion plans will allow CNMC to boost gold output and capitalize on upward trends in gold prices
Singapore, 18 October 2011 - CNMC Goldmine Holdings Limited (CNMC), gold mining, exploration and processing company, launched today its initial public offering (IPO or Offering) on SGX-Catalist The Invitation The Invitation consists of: 1. 41.1 million shares at $0.40 per share by way of placement, payable in full on application (subject to the Over-allotment Option). Prime Partners Corporate Finance Pte Ltd (PPCF) is the manager and sponsor while PPCF and Asiasons WFG are the joint placement agents of CNMC. Chief executive officer Chris Lim, said, The IPO proceeds of SGD$16.4 million will enable us to focus on executing our expansion and growth strategies to achieve our vision of being one of the pre-eminent gold and mineral producers in the AsiaPacific region.

CNMC GOLDMINE HOLDINGS LIMITED

No.5 Shenton Way, Singapore 068808 Tel: (65) 6220 4619 Fax: (65) 6220 1270 E-mail: info@cnmc.com.hk
Company Background CNMC is a gold mining, exploration and processing company. It processes mined ore into crude gold bullion for sale. It is currently mining and producing gold at Sokor Block in Kelantan, Malaysia (One of the largest gold mines in Malaysia). According to the BDA Technical report, as of June 2010, the Sokor Block has 989,000 tons of proven ore reserves. CNMC aims to be one of the largest, lowest cost, and most environmental friendly, god and mineral producer in the Asia-Pacific region. CNMC is the first gold mining firm to take advantage of new rules aimed at attracting early stage mineral, oil and gas firms to list on the Singapore Exchange's Catalist board. Financial Highlights CNMC recorded revenues of USD$0.53 million for FY 2010. In FY2009, no revenues were recorded because there was no production of gold. Net losses increased by about USD$0.85 million (from $1.08 million in FY2009 to $1.93 million in FY2010) due to increases in operating expenses and finance costs, which were offset by revenue being recorded in FY 2010. Value Creation To create value for shareholders, CNMC plans to implement the following key strategies in the next 24 months to drive their future growth and increase shareholder value: Expansion of gold extraction facilities. This will be achieved by commissioning a heap leach facility to treat oxide ore from Rixens deposit commencing in the 4th quarter of 2011. Processing capacity will be expected to increase from 60,000 tones to 730,000 tones per annum. Further resource definition and exploration activities by carrying out more exploration work at the Sokor Block.

CNMC GOLDMINE HOLDINGS LIMITED

No.5 Shenton Way, Singapore 068808 Tel: (65) 6220 4619 Fax: (65) 6220 1270 E-mail: info@cnmc.com.hk
Feasibility study to construct a gold carbon-in-leach plant. Favorable results from the study will allow us to construct the plant and increase our ore processing capacity starting from 500 tons up to 3000 tons per day. Exploration and mining for other minerals such as silver, lead and zinc. A feasibility study will look at how to extract and produce such minerals in 2011 Expansion through acquisitions, joint ventures (JV) and strategic alliances. On 28th Jan 2011, it entered a JV agreement with Xiamen ShenKun to form CMNM-JY (Where 51% will be owned by CNMC). Completion of the JV is still subject to approval from BOD of CNMC. Future Plans and Use of Proceeds CNMC plans to use its net proceeds of approximately $8.37 million from the IPO for the following purposes: Indicative Offer Timetable 18 October 2011, 9.00 a.m. 25 October 2011, 12 noon 28 October 2011, 9.00 a.m. Opening date and time of public offer Closing date and time of public offer Commencement of trading on SGX-ST --- End --approximately $2.49 million for further resource definition and continuing exploration activities approximately $2.11 million for construction of a heap leach facility approximately $3.77 million for working capital purposes

CNMC GOLDMINE HOLDINGS LIMITED

No.5 Shenton Way, Singapore 068808 Tel: (65) 6220 4619 Fax: (65) 6220 1270 E-mail: info@cnmc.com.hk
Issued for and on behalf of CNMC Goldmine Ltd. By Financial PR Pte Ltd For more information please contact: Winston Koh, WinstonKoh@financialpr.com.sg Tel: (65) 6438 2990 Fax: (65) 6438 0064

This press release is made in reliance on Section 251(8) of the Securities and Futures Act, Chapter 289 of Singapore, and does not constitute an offer, invitation or solicitation to subscribe for the shares in CNMC (the CNMC Shares) in Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever. The information in this press release is qualified in its entirety by, and is subject to, the more detailed information set out in the prospectus dated 18 October 2011 (the Prospectus) registered by the Monetary Authority of Singapore. The information presented in this press release is subject to change. A printed copy of the Prospectus and the application forms in respect of the offering of ordinary shares in the capital of CNMC Goldmine Ltd. (the "CNMC Shares"), may be obtained upon request, subject to availability, from 5 Shenton Way, #11-03 UIC Building, Singapore 068808 and from members of the Association of Banks in Singapore, members of the SGX-ST and merchant banks in Singapore during normal office hours. Anyone wishing to acquire the CNMC Shares will need to make an application in the manner set out in the Prospectus. Any decision to purchase the CNMC Shares should be made solely on the basis of information contained in the Prospectus and no reliance should be placed on any information other than that contained in the Prospectus.