Irokinda Mine Upgrades Maintenance and Repair Workshops

London, United Kingdom, 1 October 2021 - Nord Gold plc ("Nordgold" or the "Company"), the internationally diversified gold producer, has completed an upgrade of the maintenance and repair workshops at its Irokinda mine in Russia.

Irokinda Mine is an underground gold mine located in the Republic of Buryatia, in the Russian Federation. High-quality maintenance and repair of the mining fleet and auxiliary equipment is key to ensuring the safe and high productivity levels of the operations.

The 12.8 million ruble (US$175,000) investment enabled an important upgrade of the facilities, including new underfloor inspection pits, mobile pneumatic oil and grease dispensers, modernisation and retrofitting of new robust industrial units, as well as investment in new specialised tools. A point-corrugated pipe fume exhaust has also been installed to increase the safety of operations in the workshop.

"These important equipment and facility upgrades support the efficient running of our operations, while also improving safety. Providing a safe, attractive working environment equipped with modern, high end, best in class tools also has a direct positive impact on employee engagement. Our investment in maintenance and repair facilities will continue in 2022", said Anton Isakov, General Manager of the Irokinda mine.

In 2022, the mine plans to invest a further 8 million rubles (over US$100.000) in a further upgrade of the maintenance and repair workshops including the planned installation of an overhead crane with a lifting capacity of 5 tonnes. The crane will enable engineers to remove and install fully assembled motors with their mountings. A mobile telfer crane with a lifting capacity of 2 tonnes with a reduced construction depth is also planned, which will allow faster and more accurate repairs to be carried out at the bench.

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About Nordgold

Nordgold is an internationally diversified one million ounce gold producer with about 7,800 people operating a portfolio of nine mines (in Burkina Faso, Guinea, Russia and Kazakhstan) and a number of development and exploration projects in West Africa, Eurasia and the Americas. Since its foundation in 2007, Nordgold has established a global reputation as a leading developer of tier one gold mining assets with a proven commitment to community engagement, sustainability, efficiency and operating in an environmentally responsible manner. Since 2013, Nordgold has successfully constructed three gold mines, including two in Burkina Faso (Bouly and Bissa) and most recently, the Gross mine in Russia.

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