Siberian Mining : PROPOSED APPOINTMENT OF AUDITOR

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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)

PROPOSED APPOINTMENT OF AUDITOR

Reference is made to the announcement of Siberian Mining Group Company Limited (the "Company") dated 19 March 2021 in relation to the resignation of JH CPA Alliance Limited ("JH CPA") as the auditor of the Company with effect from 19 March 2021.

The board of directors (the "Board") of the Company proposed, at the recommendation of the audit committee of the Company, to appoint Prism CPA Limited ("Prism CPA") as the new auditor of the Company to fill the casual vacancy following the resignation of JH CPA and to hold office until the conclusion of the next annual general meeting of the Company, subject to the approval of the shareholders (the "Shareholders") of the Company at an extraordinary general meeting (the "EGM") to be held by the Company for such purpose.

A circular containing further information on the proposed appointment of Prism CPA as the new auditor of the Company, together with a notice convening the EGM, will be despatched to the Shareholders as soon as practicable.

By Order of the Board

Siberian Mining Group Company Limited

Lee Jaeseong

Chairman

Hong Kong, 13 April 2021

As at the date of this announcement, the Board consists of Mr. Lee Jaeseong and Mr. Im Jonghak as executive directors, and Ms. Chen Dai, Mr. Kwok Kim Hung Eddie and Mr. Leung Yau Wan John as independent non-executive directors.

• For identification purpose only