Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED

金源米業國際有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 677)

ANNOUNCEMENT ON

PASS AWAY OF EXECUTIVE DIRECTOR

The board of directors (the "Board") of Golden Resources Development International Limited (the "Company") announces with great sadness that Madam LAM Kit Woo ("Madam Lam"), the executive director and Treasurer of the Company passed away on 26 November 2016.

On behalf of the Company, the Board expresses its deepest sorrow to Madam Lam's pass away and conveys the deepest condolences to her family. The Board also expresses its sincere appreciation to Madam Lam for her valuable contribution to the Company in the past.

By Order of the Board

Golden Resources Development International Limited Laurent LAM Kwing Chee

Chairman

Hong Kong, 28 November 2016

As at the date of this announcement, the executive directors of the Company are Mr. Laurent LAM Kwing Chee (Chairman), Mr. Anthony LAM Sai Ho (Vice Chairman and Managing Director), Madam LAM Sai Mann and Mr. TSANG Siu Hung. The non-executive director of the Company is Mr. Dennis LAM Saihong. The independent non-executive directors of the Company are Mr. Joseph LAM Yuen To, Mr. Michael YU Tat Chi and Mr. Ronald YAN Mou Keung.

Golden Resources Development International Ltd. published this content on 28 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 November 2016 09:01:07 UTC.

Original documenthttp://www.grdil.com.hk/financial/announce/js/e_TREPASS.pdf

Public permalinkhttp://www.publicnow.com/view/AD6471488A5DCC5B702DA00092050CF8BD4C3B86