GV GOLD CEO BEING INTERVIEWED REGARDING KRASNY PROJECT On October 6, 2016, the Russian Internet news portal Prime Gold - Vestnik Zolotopromyshlennika (https://gold.1prime.ru https://gold.1prime.ru ), specializing on mining industry information, published an interview with Sergey Vasilyev, GV Gold (Vysochaishy, PJSC) CEO, regarding the Krasny-project. The interview was given in connection with the MINEX 2016 investment forum in Moscow and was published in Russian, see attachment for the original Russian article. An English translation of the interview follows below. GV Gold expects 1.5 tons gold production from Krasny Moscow, Oct 6 - RIA/Prime. Future gold production from the Krasny project in the Irkutsk region is estimated at around 1.5 tons annually, as the GV Gold CEO Sergey Vasilyev said to Vestnik Zolotopromyshlennika on the sidelines of the MINEX 2016 forum. GV Gold owns 51% in the Krasny project and the remaining 49% belongs to the Swedish company Kopy Goldfields. "By the end of February, we plan to complete the Feasibility Study of construction development of this deposit and in March, a decision will be taken to commence engineering design and start construction of the first stage production line targeting the oxidized ore" - reported Vasilyev. He pointed out that year 2017 will be devoted to design planning, and in 2018, following the completion of the construction on its other project Ugakhan, Vysochaishy will be able to move its personnel and equipment to start construction on Krasny." He also mentioned that by the end of 2018 - beginning of 2019, the partners will be able to commission the first stage production. "Estimated capacity of the first stage mill for the oxidized ore, which accounts for about 10 tons, will be 800 thousand tons of ore per year, with an annual gold production of about 1.5 tons (48 koz)"- said Vasilyev. According to him, exploration activities on the Krasny project will continue. "We see potential for Krasny to become a big deposit, the object is still significantly underexplored, since only the reserves of the first stage are prepared for development. Upon completion of the exploration program, we target to increase the resource base and prove between 50 and 100 tons of gold reserves for the deposit which will affect the decision on development of the second production stage" - added the GV Gold CEO. Joint Stock Company Vysochaishy is a top ten gold producer in Russia. The company holds a portfolio of 13 license blocs and the total resource base includes 632 tons of gold (20.32 Moz). In 2015 the company increased production by 2.6% to 5.6 tons." This is a translation of a Russian article. In case of any discrepancy between the English and the Russian version, the Russian version shall take precedence. For the complete press release including Appendix 1, please see attached document. Stockholm, October 14, 2016 For further information, please contact Mikhail Damrin, VD, +7 916 808 12 17, mikhail.damrin@kopygoldfields.com mailto:mikhail.damrin@kopygoldfields.com Tim Carlsson, CFO, + 46 702 31 87 01, tim.carlsson@kopygoldfields.com mailto:tim.carlsson@kopygoldfields.com The following documents can be retrieved from beQuoted Kopy Goldfields Pressrelease 2016-10-14.pdf - http://www.bequoted.com/beQPress/download.asp?Id=18825 This information is information that Kopy Goldfields is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.45 CEST on October 14, 2016. About Kopy Goldfields AB Kopy Goldfields AB (publ), listed at NASDAQ First North in Stockholm is a gold exploration and production company operating in one of the most gold rich areas in the world; Lena Goldfields, Bodaibo, Russia. The company holds 11 bedrock exploration- and production licenses and one alluvial license covering in total 1,963 sq km, of which the Krasny licenses (bedrock and alluvial) are held 49% by the company. The target for Kopy Goldfields is to become a near-term gold producer in cooperation with a producing partner under JV agreement. Kopy Goldfields AB applies International Financial Reporting Standards (IFRS), as approved by the European Union. Aqurat Fondkommission acts as Certified Adviser, contact number: +46-8-684 05 800. The Share Ticker: KOPY http://www.nasdaqomxnordic.com/shares/microsite?Instrument=SSE77457 http://www.nasdaqomxnordic.com/shares/microsite?Instrument=SSE77457 Outstanding shares: 59,899,541 (79 866 054 after registration of the finalized Rights Issue)
GV Gold CEO being interviewed regarding Krasny project
| Source: Kopy Goldfields