AN EMERGING LOW-COST GOLD PRODUCER IN AUSTRALIA

HANKING GOLD

Hanking Gold Mining Pty Ltd (ACN 161 566 490) entered the Australian gold industry through its purchase of the Southern Cross Operations (”SXO”) from St Barbara Limited in April 2013.

Hanking Gold has since carried out project consolidation, maintenance of the Marvel Loch Processing Plant and underground facilities, and long term mine development planning. Hanking Gold also carried out exploration re-views and recently completed a drilling program at SXO which increased the total JORC resource to 21,061,000 tons at an average grade of 3.7g/t Au for 2.5Moz of gold.

Hanking Gold has been working diligently on maintaining and assessing our assets with a view to build a profitable middle tier gold mining company that is underpinned by low-cost and sustainable growth to benefit all stakehold-ers.

The Company’s strategy to achieve this includes:

• Commence open-cut mining the near surface gold resources in SXO from 2014

• Utilise and optimise our existing infrastructure, facilities and people to get the best results

• Increase resources, reserves and production through exploration, development, and merger & acquisition activities.

HANKING GOLD:A COMPANY ON THE RISE

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MD’S MESSAGEDR. MARK YUMIN QIUDear Reader,

Hanking Gold is a Perth-based Australia-regis-

tered exploration and mining company (ACN

161 566 490). Currently, Hanking Gold and its

Australian parent company, Hanking Australia

Pty Ltd (ACN 154 695 593), are wholly owned

subsidiaries of China Hanking Holdings Limited

(“Hanking Holdings”), which is a diversified in-

ternational mining company listed in the Hong

Kong Stock Exchange with iron ore operations

in China, iron ore and nickel mining operations

in Indonesia, and gold operations in Australia.

Hanking Holdings was founded by its entrepre-

neurial Chairlady Madam Yang more than 20

years ago. Its President and CEO, Dr Greg Pan,

has since led the transformation of the original

family company into the listed modern mining

company with operations in three countries.

The senior management team at Hanking Hold-

ings has substantial international mining experi-

ence, including senior positions at Anglo Gold,

Barrick Gold, Goldfields, Eldorado Gold and

Sino Gold.

Hanking Gold’s vision is to become the most

profitable middle-tier public gold mining com-

pany in Australia.

As Managing Director of Hanking Gold, I lead

the Australian team to create value for all share-

holders by leveraging our parent company’s

financial capability, the excellent resource po-

tential, SXO infrastructure and local talents, and

our senior management’s experience.

My previous experience with Sino Gold and El-

dorado Gold is most relevant and valuable in

this effort. As the Manager of China Review;

General Manager of Project Generation and

Acquisitions; Head of Exploration and Business

Development; General Manager of the Sino

Gold (50%) – Gold Fields (50%) Joint Venture

Company; and Group Executive, respectively,

I played an important role in the formation of

Sydney-based Sino Gold in the late 1990s, its

subsequent $100 million IPO in Australia (ASX:

SGX) in 2002, its second listing in Hong Kong

and its $2+ billion sale to Vancouver-based El-

dorado Gold (NYSX: EGO; TSX: ELD) in 2009,

where I worked as Director of Geology and New

Projects until I took the current position with

Hanking in 2011.

As General Manager of the Sino Gold Jilin BMZ

Mining Ltd, I led the team that discovered the

White Mountain Gold Deposit and brought it

from discovery, through feasibility and into pro-

duction within 4 years. My team and I negoti-

ated and set up the majority of the Sino Gold

and Eldorado Gold (China) joint venture com-

panies. I am proud of the roles I played in help-

ing Australian and Canadian mining companies

grow in China.

I joined Hanking with a mission to build a suc-

cessful mining company in Australia. Since join-

ing Hanking in June 2011, as Hanking’s Aus-

tralian representative and in the capability of

non-executive director of KDL, I supported the

$3 million ASX IPO of Sydney-based Kimberley

Diamonds Limited (ASX: KDL; then named Go-

odrich Resources Limited) in 2012 and its subse-

quent share issues. In just two years’ time, the

market capital of Kimberley Diamonds Limited

has grown from $3 million to $120 million in

2014, creating significant value for shareholders.

Hanking Gold started with the acquisition of the

Southern Cross Gold Operations (“SXO”) from

St Barbara Limited in April 2013. Coincidently,

I did my PhD in Economic Geology at The

University of Western Australia on gold miner-

alisation of the Southern Cross region nearly

20 years ago and I have since based my home

in Perth. The SXO includes JORC resources of

2.5 Moz gold at average grade of 3.7 g/t in the

highly prospective but under-explored South-

ern Cross Greenstone Belt. There is enormous

potential in our 930 sqkm tenement package.

Each drill hole in our first exploration program

intercepted gold mineralization. The 2.5 Moz

gold resources are located in several mining li-

cense areas linked with our own haulage roads,

and our 2.2Mtpa Marvel Loch Processing Plant

includes 4 crushers, 3 ball mills, 3 fine ore bins, 2

Knelson concentrators, 7 leach tanks and 1 gold

room. Our Processing Plant and 250+ camp and

office buildings are connected to grid power

and water. These assets give us excellent flex-

ibility and optimization options in setting pro-

duction levels and scheduling.

We are on track to start gold production in late

2014. I am confident that Hanking Gold can de-

liver its mission by working with all stakeholders

within a culture that focuses on safety, respect,

efficiency, responsibility, and innovation with

honesty and integrity.

Regards,

Dr Mark Yumin Qiu

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Hanking Gold’s vision is to become Australia’s most profitable mid-

dle-tier public gold producer.

To achieve this we enable our people to be their best within a cul-

ture that focuses on safety, efficiency, responsibility and innovation

with honesty and integrity.

Hanking Gold’s vision will be realised by fostering a culture that em-

phasises the following values:

• Safety

• Respect for the environment, others, and ourselves

• Fostering beneficial relationships with the communities to

which we belong

• Empowerment and personal responsibility across the entire

organisation

• Commitment to continuous development and improvement

• Sustainable growth

• Lawful, honesty and integrity

HANKING GOLD VISION AND VALUESVISION STATEMENT

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Hanking Gold’s success and growth lies

with its employees, contractors and close

ties to the community.

Safety, responsibility and continual im-

provement are core components of our

workplace culture. We support our staff

in their endeavours to reach their poten-

tial and provide development and training

opportunities.

Our workforce including contractors is

growing rapidly. Operations are currently

based at Marvel Loch, near Southern Cross

in Western Australia. The Company’s cor-

porate office is in Perth.

Hanking Gold seeks out achievers who

share our vision and proactive approach

OUR PEOPLEOUR COMMUNITY

to responsible mining. Our people are en-

ergetic, motivated and take ownership of

their job role.

The local communities we work with are

important and where possible, we encour-

age employees and families to live in com-

munities close to our operation. Hanking

Gold has permanent accommodation for

families available at both Marvel Loch and

Southern Cross. We have well-equipped

accommodation and office facilities at

Marvel Loch, which is 4 hours travel by car

or train from Perth.

Contact us if you are interested in a career

within a dynamic and growth-focused gold

company.

Hanking is a proud Diamond Sponsor

of the 2014

Kimberley Diamonds Limited

Charity function to support

Indigenous People

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Since completing the SXO acquisition in

April 2013, Hanking Gold has achieved

many significant milestones along the path

to commercialise its portfolio of assets.

Accomplishments to date include:

• Consolidated all tenements and

other assets into Hanking Gold

• Renegotiated key operating

agreements to reduce costs

• Completed exploration review of

the Southern Cross Greenstone

Belt including the entire 930 sqkm

tenement package with CSA

Global

• Identified and prioritised near

mine as well as regional explora-

tion targets

• Drilling at Frasers South intercept-

ed near surface gold mineraliza-

tion in all drill holes

• Updated JORC resource in March

PROVEN TRACK RECORD

2014 by a further 100,000oz Au to

a total of 2.5Moz at 3.7g/t Au

• Completed SXO mine develop-

ment studies with AMC, MCM

Consulting and Entech Engineer-

ing, with initial results indicating

C1 cost under A$800/Oz and all-

in sustainable cost under A$1000/

Oz. Feasibility study is underway

and will be completed during the

2nd Q of 2014

• Prepare and lodge necessary ap-

provals in order to commence

gold production at SXO in 4th Q

of 2014

The team led by Mark has a proven track record in creating value for shareholders.

Hanking Gold’s flagship asset is its 100% owned Southern Cross

Gold Operations (SXO) which is centred on the town of South-

ern Cross, 360km east of Perth, Western Australia. SXO was pur-

chased from St Barbara Limited in April 2013.

The SXO Project includes:

• 930 sqkm tenement package covering 120 km strike

length of the highly endowed (>10Moz) but under-ex-

plored Southern Cross Greenstone Belt.

• JORC compliant resources of 2.5Moz of gold at an aver-

age grade of 3.7 g/t in existing mining license areas

• Haulage roads, grid power and water in place

• The 2.2Mtpa Processing Plant at Marvel Loch and associ-

ated infrastructure including TSF

• 250+ man camp, houses, administration buildings and

workshops

• Existing access to railway, highway and airport from Perth

and Kalgoorlie

The SXO tenement package has excellent potential for the dis-

covery of significant additional resources and the subsequent de-

lineation of additional reserves. A mid 2010 SBM study indicated

total potential to be +5 million Oz in near mine exploration.

SOUTHERN CROSS OPERATIONSSXO OVERVIEW

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CSA Global identified distinctive

greenfield exploration targets in

2014. An initial drilling program by

Hanking Gold delineated 100,000 oz

Au JORC Resource near the surface

at Frasers South.

The 2.5 Moz gold resources are locat-

ed in several gold deposits in mining

license areas. The 2.2 Mtpa Process-

ing Plant comprises 4 crushers, 3 ball

mills, 3 fine ore bins, 2 Knelson con-

centrators and 7 leach tanks. These

provide excellent flexibility in pro-

duction scheduling and processing

capability.

Extensive studies carried out by Han-

king Gold and external consultants

have led to the identification of mul-

tiple deposits that support viable

and high-margin mining operations.

Hanking Gold is currently working

towards entering into production in

2014.

Hanking Gold plans to start gold produc-

tion at SXO in late 2014 and rapidly be-

come a middle tier public Australian gold

producer capable of delivering high prof-

its and growth in a manner that is safe, in-

novative and beneficial to all stakeholders.

The company has a clear path forward to

achieve its goals for 2014 and beyond.

Hanking Gold’s path to production begins

with open pit mining operations at the

Transvaal Deposit, which can be mined

at a total operating cost under $800 per

ounce with low capital investment. There

is an existing open pit and other infrastruc-

ture at Transvaal which ensures Hanking

Gold’s proposed operations can be start-

ed quickly and with minimal impact on the

environment.

MOVING FORWARD

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Contractors will deliver the mining and

haulage services and the operation will

generate opportunities for the local com-

munities and beyond.

Hanking Gold has a clear path forward be-

yond mining Transvaal. It has completed

studies and started the planning and ap-

proval process for other deposits in the

SXO which will ensure a continuous and

sustainable profitable operation.

Hanking Gold has all of the necessary key

infrastructure in place, including the Mar-

vel Loch processing facility which will be

utilised to reduce capital expenditure and

operating costs.

Using $1000 in pit optimization, the initial

studies indicate cash cost of under $800

per ounce and all-in-sustaining cost under

$1000 per ounce. Feasibility is due to com-

plete in the 2nd Q of 2014.

Hanking Gold’s vision extends beyond

SXO. Moving forward, the prioritised drill

ready targets in SXO will be systematically

drilled. The Company is also assessing

other projects for acquisition and/or joint-

venture. Hanking is on track to become a

profitable middle tier public gold produc-

er in the near future.

Hanking Gold Mining Pty LtdHanking Australia Pty Ltd

Level 29, 77 St. George TcePerth, WA 6000

AustraliaPhone +61 8 6210 8900www.hanking.com.au

Adam McKayCommercial and Land ManagerAdam.mckay@hanking.com.au

+61 8 6210 8999

Mark Yumin QiuManaging Director

qiuym@hanking.com.au+61 8 6210 8900