Minco Gold Corporation has completed the sale of its 51% undivided interest in the Changkeng Gold Project to Minco Silver Corporation.

The transaction was approved by shareholders at the company’s Annual General and Special Meeting held on June 25, 2015.

Minco Gold intends to use net proceeds of $10,019,397, after repayment of indebtedness owing to Minco Silver and certain closing adjustments, to pursue strategic mineral acquisitions, joint ventures or other transactions outside of China.

Minco Gold is a Canadian mining company involved in the direct acquisition and development of high-grade, advanced stage gold properties. The company’s principal asset, excluding cash, is 11 million shares (approximately 18.4%) of Minco Silver.

Minco Silver is a TSX and OTCQX listed company focusing on the acquisition and development of silver and gold mineral projects. The company owns a 90% interest in the Fuwan Silver Deposit, situated along the northeast margin of the highly prospective Fuwan Silver Belt in Guangdong Province, China, and a 51% interest in the Changkeng Gold Project, situated adjacent to the Fuwan Silver Deposit.

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