China VTM Mining Announces 2015 Interim Results
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Mitigate Cyclical Challenges with Continuing Perseverance

Hong Kong, 25 August 2015 - China Vanadium Titano-Magnetite Mining Company Limited ("China VTM Mining" or the "Company", together with its subsidiaries, the "Group") (Stock code: 00893.HK), today announced its unaudited interim results for the six months ended 30 June 2015 (the "Reporting Period").

During the Reporting Period, the industry environment in China became even more challenging to operate as overcapacity concerns in the steel industry dampened iron ore price and downstream market conditions remained unfavourable. The demand and price for iron ore have suffered adversely, as illustrated by China Iron Ore Price Index (compiled by the China Iron and Steel Association) recorded double-digit declines in the first half of 2015, resulting in the decrease in both sales volume and average selling prices of the Group's products. The Group's processing plants continued to operate at below optimal utilisation levels with no immediate signs of improvement. During the Reporting Period, the Group has downsized its overall production capacity, streamlined operations and initiated plans to rationalise assets, which is extremely important in the current operating environment, due to weak market conditions. As a result, the Group's revenue decreased significantly by 60.5% to approximately RMB151.5 million as compared to the corresponding period of last year, which resulted in a gross loss of RMB17.0 million for the Reporting Period.

During the Reporting Period, periodic suspension of the Group's processing plants (which had subsequently been turned into permanent suspension) led to significant drop in capacity utilisation and thus, adversely affected the value in use and/or the fair value of these operating assets. As such, based on preliminary reviews conducted by independent valuers, the Group recognised impairment losses of approximately RMB438.4 million during the Reporting Period.

Given the above, the loss and total comprehensive loss attributable to owners of the Company was approximately RMB865.5 million, including impairment losses. The basic and diluted loss per share attributable to ordinary equity holders of the Company amounted to approximately RMB0.42. The board of directors of the Company does not recommend the payment of an interim dividend for the Reporting Period.

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Commenting on the business outlook, Mr. Jiang Zhong Ping, Chairman and Acting Chief Executive Officer of China VTM Mining said, "We expect the challenging market outlook to remain
bleak in the near-term with muted growth in the industry. The Group has put measures in place so that we will be able to adjust our operations on all levels swiftly in varying market conditions. The Group will proactively initiate various strategic plans to reduce direct cost per unit, improve efficiency per factory, and minimise loss on operations. These will include recent initiatives to continue suspension on loss-making production, scale back capacity, reduce headcounts, trim operating expenses and reduce investments. We are cautious but confident that given our solid foundation and the industry knowledge of our experienced management team, we will be able to mitigate the challenges of this cyclical downturn with continued perseverance and create value for our shareholders."

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About China VTM Mining
China VTM Mining has been listed on the main board of The Stock Exchange of Hong Kong Limited since 8 October 2009. The Group is primarily engaged in mining, ore processing, iron pelletising and the sale of iron concentrates, iron pellets and titanium concentrates to steel producers and downstream users of titanium-related products within Sichuan province.

The Group now owns five vanadium-bearing titano-magnetite mines (namely the Baicao mine, the Xiushuihe mine, the Yangqueqing mine, the Cizhuqing mine and the Haibaodang mine), one ordinary iron ore mine (namely the Maoling-Yanglongshan mine), one shigou gypsum mine, five processing plants (namely the Baicao processing plant, the Xiushuihe processing plant, the Hailong processing plant, the Heigutian processing plant and the Maoling processing plant) and one iron pelletising plant. All mines are located in Sichuan province.

As at 30 June 2015, the Group's annual capacity (on a wet basis) of vanadium-bearing iron concentrates, ordinary iron concentrates, iron pellets and high-grade titanium concentrates amounted to 2,600 Ktpa, 150 Ktpa, 1,000 Ktpa and 280 Ktpa, respectively.

For more information, please visit: http://www.chinavtmmining.com.

For media enquiries, please contact:

Cornerstones Communications Limited
Kylie Yeung / Tina Shi / Wendy Lau
Tel: 2903 9293 / 2903 9283 / 2903 9286
Fax: 2887 1712
E-mail: chinavtm@cornerstonescom.com