Siberian Mining : SUPPLEMENTAL ANNOUNCEMENT PLACING OF NEW SHARES UNDER GENERAL MANDATE

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.

This announcement appears for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

SIBERIAN MINING GROUP COMPANY LIMITED

西 伯 利 亞 礦 業 集 團 有 限 公 司 *

(incorporated in the Cayman Islands with limited liability)

(Stock code: 1142)

SUPPLEMENTAL ANNOUNCEMENT

PLACING OF NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcement of Siberian Mining Group Company Limited (the "Company") dated 27 September 2019 (the "Announcement") in relation to the proposed Placing of new Shares under the General Mandate. Unless otherwise specified, capitalized terms used in the Announcement shall have the same meanings when used herein.

As advised by the director of the Placee, the Placee is owned beneficially and ultimately by

29 natural persons as follows:

Name of shareholders of the Placee	Approximate % of shareholding
Park Kyung Hyun	33.70%
Kang Seong Cheon	19.50%
Choi Junghwan	9.50%
Choi Hyunjun	2.50%
Kim Myoungki	2.00%
Shin Boon Hee	2.00%
Lee Yunhwa	2.00%
Woo Geunock	2.00%
Han Jung Sun	2.00%
Kim Suk Soon	2.00%
Lim Gwansu	2.00%
Jang Mansu	2.00%
Oh Yongjin	2.00%
Cha Dong Up	2.00%

• For identification purpose only

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Name of shareholders of the Placee	Approximate % of shareholding
Hong Dae Jin	2.00%
Cha Yeongcheol	2.00%
Moon Jeonggwan	2.00%
Lee Jongyoon	2.00%
Yu Qingzhen	1.00%
Kwon Yong Seop	1.00%
Gang Hee Seok	1.00%
Kwon In Sup	1.00%
Jeong Jaekyoung	0.50%
Han Mikyung	0.50%
An Jungup	0.50%
Lee Sung Il	0.50%
Kang Sanggu	0.30%
Woo Mi Ok	0.25%
Lee Minkyeong	0.25%
Total	100.00%

As the Placing may or may not complete or complete in full, Shareholders and potential investors are advised to exercise caution when dealing in the Shares.

By Order of the Board

Siberian Mining Group Company Limited

Jo Sang Hee

Chairman

Hong Kong, 4 October 2019

As at the date of this announcement, the board of the Company consists of Mr. Jo Sang Hee as executive director, and Ms. Chen Dai, Mr. Kwok Kim Hung Eddie and Mr. Lee Sungwoo as independent non-executive directors.

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