North Mining Shares : COMPLETION OF DISCLOSEABLE TRANSACTION AND ISSUANCE OF PROMISSORY NOTES

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to the accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

NORTH MINING SHARES COMPANY LIMITED

北 方 礦 業 股 份 有 限 公 司

(Incorporated in the Bermuda with limited liability)

(Stock Code: 433)

COMPLETION OF DISCLOSEABLE TRANSACTION AND

ISSUANCE OF PROMISSORY NOTES

Reference is made to the announcement of North Mining Shares Company Limited (the ''Company'') dated 29 December 2016 (the ''Announcement'') in relation to, among other things, the Acquisition. Unless otherwise stated, capitalized terms used herein shall have the same meanings as defined in the Announcement.

The Board is pleased to announce that, as at the date of this announcement, all the conditions precedent of the Acquisition had been fulfilled and completion of the acquisition of the Sale Shares from the Vendors took place on 19 January 2017 in accordance with the terms of the Agreement and the Promissory Notes have been issued to the Vendors.

Following Completion, the Target Company has become a non-wholly-owned subsidiary of the Company.

By order of the Board

North Mining Shares Company Limited Yang Ying Min

Chairman

Hong Kong, 19 January 2017

As at the date of this announcement, the Board comprises Mr. Yang Ying Min, Mr. Qian Yi Dong, Mr. Zhang Jia Kun and Ms. Li Li Juan as executive Directors; and Mr. William Fong, Mr. Leung Kar Fai and Dr. Cheng Chak Ho as independent non-executive Directors.