China Hanking Holdings Limited
中國罕王控股有限公司
(Stock Code：3788)

Fushun Shangma Receives Mine Exploration Permit
Continuous enhancement on value of iron ore business

[15 August 2016, Hong Kong] China Hanking Holdings Limited ("China Hanking" or the "Group"; Stock code: 3788) announced that Fushun Hanking Shangma Mining Company Limited ("Fushun Shangma"), a wholly-owned subsidiary of the Company, received the exploration permit of the mine (the "Exploration Permit") issued by the Liaoning Department of Land and Resources recently. The geographic location of the Exploration Permit is Shangma Town, Fushun County, Liaoning Province, with an exploration area of 13.5200 square kilometers. The initial effective period of the Exploration Permit is two years, which is renewable upon expiry.

Shangma Mine, owned by Fushun Shangma, is located at the center of the iron ore belt in Fushun City. Obtaining the Exploration Permit in this region will benefit the Group for securing iron ore resources in the permitted exploration area in priority at a lower cost. Next, Fushun Shangma will complete the exploration as soon as possible in accordance with relevant laws and regulations, so as to boost the Group's development opportunities in iron ore exploration and substantially increase the potential for reserves.

Dr. Pan Guocheng, Executive Director, President and Chief Executive Officer of China Hanking stressed, "The acquisition of Fushun Shangma Exploration Permit is of great significance to the sustainable development of the iron ore business of the Group. Shangma is sited at an important location of Fushun iron ore belt, and possesses a great exploration potential of iron ore resources. Adjacent to Aoniu Mine, the largest mine of the Group, Shangma Mine can serve as a support base of iron ore supply to Aoniu Mine, which would effectively prolong the service life of Aoniu Mine and continue to enhance the value of iron ore business."

-End-

About China Hanking Holdings Limited
China Hanking Holdings Limited (stock code: 3788) is a fast-growing international mining and metals group that focuses on finding, mining, processing and marketing the Earth's mineral resources. Hanking focuses on precious metals coupled with nickel and other strategic metals. Our approach is driven by investment and development of long-life, low-cost, expandable operations in the most attractive geographical areas.

Issued by Anli Financial Communications Limited and on behalf of China Hanking Holdings Limited.

Media enquiries:
Anli Financial Communications Limited
Karl Cheung 852-3956 1646 karl.cheung@anli.com.hk
Crystal Lo 852-3956 1638 crystal.lo@anli.com.hk
Candy Wong 852-3956 1641 candy.wong@anli.com.hk