Changkeng Gold Project

Work Program : 15,000 metres of infill diamond core drilling to upgrade the resource and advance the project to the feasibility study stage.

• Initial 43-101 resource estimate: 379,000 oz Au indicated and 333,400 oz Au inferred based on 81 drill holes and 13 surface trenches, deposit remains open along strike to the northeast and southwest (right to earn 51%).
• Located in southern China, 45km from the provincial capital city of Guangzhou.
• Project has access to excellent power and transportation infrastructure.
• Disseminated, sediment hosted gold deposit with a 180 metre strike length extending from surface to 250 metres in depth.

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Gold Bull Mountain Project ("GBM")

Work Program : cross cutting and drifting program and detailed geological mapping conducted over both the exploration and mining licence areas.

• The 100% owned GBM (Jinniushan) gold project is located in the western part of Hunan Province in the People's Republic of China and consists of a mining permit (0.178 km2) and a contiguous exploration permit (16.78 km2) along strike.
• Gold-quartz mineralization at GBM occurs primarily within reverse-brittle-ductile-shear veins in a compressive environment with Proterozoic sedimentary rock.
• Four parallel quartz-vein style gold zones have been recognized with a strong continuity along strike and dip directions.
• Construction of some basic mining facilities has been completed including explosive storage, road construction to the GBM mine, a mine-site assay laboratory, and restoring power and water supply.
• The location is well situated along a large man-made hydroelectric reservoir and is accessible by road and by lake-boat. Hydroelectric power, telephone lines, cell-phone service, labor, goods and services are available nearby.

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Yangshan Gold – Northeast Extension

Work Program : aggressive trenching in the Yangshan sub-project area: Yangshanli. Follow up on the regional stream sediment anomalies will also be continued over all the three sub-project areas.

• Minco Gold’s wholly-owned subsidiary, Minco China, presently holds 13 exploration permits in the Longnan region of south Gansu Province, within the southwest Qinling gold field, in China.
• The Longnan project has been divided into three sub-projects according to their geographic distribution, type and potential of mineralization:

(1) Yangshan: including six exploration permits located in the northeast extension of the Yangshan gold belt and its adjacent area; potential for gold.

(2) Yejiaba: including four exploration permits adjacent to Guojiagou exploration permit; potential for gold and antimony.

(3) Xicheng East: including three exploration permits to the east extension of the famous Xicheng Pb-Zn mineralization belt; potential for gold, silver, lead and zinc.

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Xiaoshan Gold Project

Work Program : Underground sampling within the Huluyu exploration permit of the Xiaoshan project area.

• Xiaoshan is located on a structural zone parallel to Silvercorp's Ying Silver Project located 30 kilometres to the south. The Xiaoshan and Ying projects demonstrate very similar geological settings, structures, and mineralization styles.
• The project consists of two exploration permits, the 17.1 square kilometre (km2) Huluyu permit and the 12 km2 Dafangshan permit, for a total land package of 29.1 km2.
• Within the Huluyu permit, thirteen gold and silver veins have been mapped at surface. Sampling by the Henan Nonferrous Exploration and Mining Company from underground workings at Huluyu have returned values ranging from 3.0 g/t to 74.6 g/t gold, 121 g/t to 726 g/t silver, 3% to 29% lead, and 1% to 23% zinc.
• Within the Dafangshan permit, 7 gold veins have been mapped at surface that vary in length from 212 m to 772 m with average widths from 0.42 m to 0.65 m and average gold grades from 3.00 g/t to 5.77 g/t.

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Gobi Gold Project

Work Program : Surface mapping, trenching and drill target definition.

• Located in Inner Mongolia, approximately 300 kilometres north of Yinchuan, the capital city of the neighbouring Ningxia province.
• The exploration permits cover 30 km2 and surround the active, 1500 tonne per day Zhulazhaga gold mine.
• Targeting Gold-skarn mineralization.

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Work Program : Detailed structural geological mapping to identify controls of gold mineralization and test structural targets by surface trenching.

• The project is located 50 km northwest of Baotou, a major industrial city in Inner Mongolia.
• Good transportation and power infrastructure are easily accessed from the project area.
• Exploration programs have identified a gold-bearing shear zone located on the northwest flank of a large granite intrusion.

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MINCO BASE METALS

White Silver Mountain Spin-Off

Work Program : reorganization and spin-off of White Silver Mountain to Minco Base Metals Corporation ("Minco Base Metals") with the intention to build a strong base metals company in China. The initial ownership of Minco Base Metals will mirror the shareholder base of the Company, on a pro-rata basis.

• The project is located in the Baiyin district, which hosts a number of past and presently producing base metal mines which were developed by Baiyin Nonferrous Metals Company (BNMC).
• Minco has the right to earn an 80% interest in Gansu Keyin Mining, a joint venture between Minco and BNMC.
• Exploration is focused on testing for massive sulphide lenses that extend beneath the BNMC operated Xiaotieshan mine.

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