Posted in | Gold | Mining Business

Minco Mining Signs Agreement to Sell Gold Bull Mountain Project to Private Chinese Individual

Minco Gold Corporation ("Minco Gold" or the "Company") is pleased to announce that the Company's wholly owned subsidiary Minco Mining (China) Co., Ltd has entered into an agreement with a private Chinese individual (the "Purchaser") to sell the Company's Gold Bull Mountain Project located in Hunan Province, China for total consideration of RMB 7 million (approximately CDN$1.2 million).

The Company has received the first installment payment (30% of the total) from the Purchaser.

Minco Gold's President and CEO Ken Cai commented: "The sale of the Gold Bull Mountain project reflects the Company's focus on its core exploration properties in Gansu, China and its continued efforts to dispose of its other non-core assets and to diversify its investment outside China."

About Minco Gold

Minco Gold Corporation (TSX:MMM) (NYSE MKT:MGH) (FRANKFURT:MI5) is a Canadian mining company involved in the direct acquisition and development of high-grade, advanced stage gold properties. The Company owns a 51% equity interest in the Changkeng Gold Project. The Company also owns a 100% interest in the Longnan projects with 10 exploration permits, located in Gansu Province, China; as well as 11 million shares (approx. 18.45%) of Minco Silver Corporation. For more information on Minco Gold and its properties, please visit the website at www.mincomining.ca.

Source: http://www.mincomining.com/

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