Sino Prosper State Gold (HKG:0766) said that its directors noted that there were some news articles dated 30 January 2012, which reported that Sung Kin-man, the chief executive officer and executive director of the company, expressed his expectation in the commencement of production of the 70% owned Gold Mine Project in Inner Mongolia, the PRC (Aohanqi Project) in June 2012 and his expectation of turning into profitability of the group in March 2013.

The company said that the statements made by Sung quoted in the said articles were his personal view and should not be interpreted as the opinion of the company as a whole.

Save as disclosed above, the directors have confirmed that there are no negotiations or agreements relating to intended acquisitions or realizations that are discloseable under the Listing Rules.