Corporate Update

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

CIC Gold Group Limited

("CIC Gold" or the "Company")

Corporate Update

CIC Gold (LSE: CICG) announces that a request has been made to the UK Listing Authority for the cancellation of the listing of the Company's ordinary shares on the standard listing segment of the Official List of the UK Listing Authority subject to Listing Rule 5.2.8. The Company hereby gives notice that the 20 Business Days' notice period for the cancellation has now begun. The Company has applied to waiver the 20 day cancelation period subject to Listing Rule 1.2.1R. It is currently anticipated that cancellation of listing will take effect at 8.00 a.m. (London time) on 24 May 2017, on the basis that the Company does not exercise its right to withdraw such request before the cancellation takes effect.

This will allow the Company to seek a regulated market listing in the short term on a Designated Exchange whereby the true value of the ordinary shares can be reflected.

Enquires