<SEC-DOCUMENT>0001553350-23-000270.txt : 20230414
<SEC-HEADER>0001553350-23-000270.hdr.sgml : 20230414
<ACCEPTANCE-DATETIME>20230414084503
ACCESSION NUMBER:		0001553350-23-000270
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230414
FILED AS OF DATE:		20230414
DATE AS OF CHANGE:		20230414

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA NATURAL RESOURCES INC
		CENTRAL INDEX KEY:			0000793628
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26046
		FILM NUMBER:		23819865

	BUSINESS ADDRESS:	
		STREET 1:		RM 2205 22F WEST TOWER SHUN TAK CENTRE
		STREET 2:		168-200 CONNAUGHT ROAD C
		CITY:			SHEUNG WAN, HONG KONG
		STATE:			F4
		ZIP:			-
		BUSINESS PHONE:		01185228107205

	MAIL ADDRESS:	
		STREET 1:		RM 2205 22F WEST TOWER SHUN TAK CENTRE
		STREET 2:		168-200 CONNAUGHT ROAD C
		CITY:			SHEUNG WAN, HONG KONG
		STATE:			F4
		ZIP:			-

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHINA RESOURCES DEVELOPMENT INC
		DATE OF NAME CHANGE:	19950104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MAGENTA CORP
		DATE OF NAME CHANGE:	19940217
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>chnr_6k.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Form 6-K</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER THE</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the month of April 2023.</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center">Commission File Number 0-26046</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>China Natural Resources, Inc.</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(Translation of registrant's name into English)</I></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Room 2205, 22/F, West Tower, Shun Tak Centre,</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>168-200 Connaught Road Central, Sheung Wan,
Hong Kong</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(Address of principal executive offices)</I></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F. Form 20-F <FONT STYLE="font-family: Wingdings">&#254;</FONT> Form 40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This report on Form 6-K is hereby incorporated by
reference into (i) the Registration Statement on Form F-3 (File No. 333-252895) of China Natural Resources, Inc. (the &ldquo;Company&rdquo;),
(ii) the Registration Statement on Form S-8 (File No. 333-266219) of the Company, and (iii) the Registration Statement on Form F-3 (File
No. 333-268454), in each instance, filed with the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;), and in each instance
the related prospectus, as such registration statements and prospectuses may be amended or supplemented from time to time, and to be a
part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed
or furnished.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>Issuance of Letter of Affirmation and Payment
of Deposit Pursuant to the Sale and Purchase Agreement</U></B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">As previously disclosed in the Company&rsquo;s
Form 6-K filed with the SEC on February 28, 2023, on February 27, 2023, the Company entered into an agreement (the &ldquo;Sale and Purchase
Agreement&rdquo;) for the sale and purchase of the entire issued share capital of Williams Minerals (Pvt) Ltd (&ldquo;Williams Minerals&rdquo;)
with Feishang Group Limited, the Company&rsquo;s controlling shareholder, and Top Pacific (China) Limited (the &ldquo;Sellers&rdquo;).
Williams Minerals owns the mining permit for a Zimbabwean lithium mine.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">Under the Sale and Purchase Agreement, it is expected
that the Company will indirectly acquire all interests in Williams Minerals and that the Company&rsquo;s &ldquo;ownership&rdquo; (as defined
in the Sale and Purchase Agreement) of various regions of the Zimbabwean lithium mine will vest cumulatively, region by region and over
time, contingent upon the issuance of independent technical reports, the actual quantity of qualified lithium oxide metal resources proven
or estimated to exist in each discrete region of the mining area, and the Company&rsquo;s full settlement of the purchase consideration
in cash and restricted shares. For each region of the lithium mine, until the Company&rsquo;s
ownership vests, the Sellers will maintain legal possession and control, including the right to exploration, sales of lithium, and the
revenue derived therefrom, as well as liability for operational costs and third-party claims.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">Upon the satisfactory conclusion of its due diligence
investigation, and pursuant to clauses 2.3 and 2.4 of the Sale and Purchase Agreement, on April 14, 2023, the Company issued a written
notification (the &ldquo;Letter of Affirmation&rdquo;) to the Sellers stating its intent to proceed with the transaction. The Company
will pay a deposit of US$35 million by way of promissory notes (the &ldquo;Deposit&rdquo;) on or about April 21, 2023.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">Completion of the transaction as contemplated
by the Sale and Purchase Agreement is contingent upon the satisfaction of a number of conditions, including, among other things, the issuance
of independent technical reports, the actual quantity of qualified lithium oxide metal resources proven or estimated to exist in each
mining area covered by the relevant report, and the Company&rsquo;s full settlement of the purchase consideration in cash and restricted shares. There is no guarantee that the transaction will be completed at the anticipated
valuation and terms, or at all.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><B><U>Press Release</U></B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">To announce the issuance of the Letter of Affirmation
and payment of the Deposit, the Company issued a press release titled &ldquo;China Natural Resources Completes Due Diligence; Moves Forward
with Strategic Acquisition of Lithium Mine in Zimbabwe with Maximum Consideration Contemplated to be US$1.75 Billion,&rdquo; a copy of
which is furnished as Exhibit 15.1 with this Form 6-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>


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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><B><U>Forward-Looking Statements</U></B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">This Form 6-K includes forward-looking statements
within the meaning of the U.S. federal securities laws. Any express or implied statements contained in this press release that are not
statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the
intent, belief and current expectations of the Company, its directors or its officers with respect to the potential closing of the acquisition
of Williams Minerals, and the timing of such closing; the ability to locate and execute on strategic opportunities; the impact of the
rising commodity prices; the potential presence of minerals in the Zimbabwean lithium mine; the potential completion of the acquisition
of Williams Minerals; the vesting of ownership of the regions of the Zimbabwean mine and the timing thereof; the level of demand for lithium
and other precious minerals; and the availability of internally generated funds and funds for the payment of operating expenses, capital
expenditures and the Company&rsquo;s growth strategy. Forward-looking statements are not a guarantee of future performance and involve
risks and uncertainties, and actual results may differ materially from those in the forward-looking statements as a result of various
factors. Among the risks and uncertainties that could cause the Company&rsquo;s actual results to differ from its forward-looking statements
are: uncertainties regarding the governmental, economic and political circumstances in the PRC; the impact on the Company&rsquo;s financial
position, growth potential and business from an investment in the natural resources sector generally and in the Zimbabwean lithium mine
specifically; uncertainties related to the Company&rsquo;s ability to identify potential partners or acquisition targets as it considers
strategic alternatives; uncertainties related to the Company&rsquo;s ability to settle in cash the consideration due in connection with
the acquisition of Williams Minerals; uncertainties associated with metal price volatility; uncertainties concerning the viability of
mining and estimates of reserves at the Zimbabwean lithium mine; uncertainties associated with the issuance of and accuracy of the independent
technical reports; uncertainties related to geopolitical events and conflicts, such as the conflict between Russia and Ukraine; uncertainties
regarding the impact of the COVID-19 pandemic on domestic PRC and global economic conditions, demand for the mineral reserves that we
may locate or extract, our workforce, whether due to illness or restrictions on movement, and on the price of our common shares; uncertainties
related to possible future increases in operating expenses; the fluctuations of interest rates and foreign exchange rates; uncertainties
related to the results of the next assessment by the Staff of the Nasdaq Listing Qualifications department of the Company&rsquo;s compliance
with the Nasdaq Listing Rules; uncertainties related to the political situation between the PRC and the United States; uncertainties regarding
the ability of the Public Company Accounting Oversight Board to continue to fully inspect auditors located in the PRC and Hong Kong, the
implementation by the SEC of more stringent disclosure and/or other requirements for companies located in the PRC or that have operations
in the PRC that are listed on exchanges in the United States, and increasing regulation by PRC government agencies of companies located
in the PRC but listed elsewhere; and other risks detailed from time to time in the Company&rsquo;s filings with the SEC, including, without
limitation, the information set forth in the Company&rsquo;s Annual Reports on Form 20-F under the heading &ldquo;Risk Factors.&rdquo;
When, in any forward-looking statement, the Company, or its management, expresses an expectation or belief as to future results, that
expectation or belief is expressed in good faith and is believed to have a reasonable basis, but there can be no assurance that the stated
expectation or belief will result or be achieved or accomplished. Except as required by law, the Company undertakes no obligation to update
any forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B><U>EXHIBIT INDEX</U></B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 8%"><B>Exhibit No.</B></TD>
    <TD STYLE="padding-bottom: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 91%; vertical-align: bottom"><B>Description</B></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD>15.1 </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><A HREF="chnr_ex15z1.htm">Press release dated April 14, 2023, titled &ldquo;China Natural Resources Completes Due Diligence;
Moves Forward with Strategic Acquisition of Lithium Mine in Zimbabwe with Maximum Consideration Contemplated to be US$1.75 Billion.&rdquo;</A></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt">Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">
    <P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B>CHINA NATURAL RESOURCES, INC.</B></P>
    <P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 68%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 23%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif">Date: April 14, 2023</TD>
    <TD STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif">By:</TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt/11.4pt Times New Roman, Times, Serif">/s/ Wong Wah On Edward</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif">Wong Wah On Edward</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif"><I>Chairman and Chief Executive Officer</I></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; background-color: white"><B>EXHIBIT 15.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>China Natural Resources
Completes Due Diligence; Moves Forward with Strategic Acquisition of Lithium Mine in Zimbabwe with Maximum Consideration Contemplated
to be US$1.75 Billion</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><B>HONG KONG, April 14, 2023</B>&nbsp;&ndash;
China Natural Resources, Inc<FONT STYLE="text-transform: uppercase">. (NASDAQ: CHNR) </FONT>(&ldquo;China Natural Resources,&rdquo; the
&ldquo;Company,&rdquo; or &ldquo;CHNR&rdquo;) announced today that the Company has completed its due diligence investigation with satisfactory
results, and will proceed with the acquisition of Williams Minerals (Pvt) Ltd (&ldquo;Williams Minerals&rdquo;) by paying a deposit of
US$35 million by way of promissory notes to Feishang Group Limited and Top Pacific (China) Limited (the &ldquo;Sellers&rdquo;) on or about
April 21, 2023, pursuant to the definitive sale and purchase agreement that the Company entered into with the Sellers on February 27,
2023 (the &ldquo;Sale and Purchase Agreement&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Williams Minerals owns the
mining permit for a Zimbabwean lithium mine. Under the Sale and Purchase Agreement, it is expected that the Company will indirectly acquire
all interests in Williams Minerals and pay an aggregate of US$140 million by way of promissory notes and/or cash to the Sellers as an
initial installment. Consideration for the Company&rsquo;s &ldquo;ownership&rdquo; (as defined in the Sale and Purchase Agreement) of
various regions of the Zimbabwean lithium mine will thereafter be calculated and paid, and such &ldquo;ownership&rdquo; will vest, cumulatively,
region by region and over time, based on the issuance and results of subsequent independent technical reports, with the maximum consideration
contemplated to be US$1.75 billion. The subject of each independent technical report will be the quantity of qualified measured, indicated
and inferred sources of lithium oxide (grade 1.06% or above in accordance with the standard under the Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves) proven to be in a discrete region of the mining area. For each region of the
lithium mine, until the consideration due for each region based upon the independent technical report has been paid and the Company&rsquo;s
&ldquo;ownership&rdquo; has vested, the Sellers will maintain legal possession and control, including the right to exploration, sales
of lithium, and the revenue derived therefrom, as well as liability for operational costs and third-party claims.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Completion of the transaction
as contemplated by the Sale and Purchase Agreement is contingent upon the satisfaction of a number of conditions, including, among other
things, the issuance of independent technical reports, the actual quantity of qualified lithium oxide metal resources proven or estimated
to exist in each mining area covered by the relevant independent technical report, and the Company&rsquo;s full settlement of the purchase
consideration in cash and restricted shares. There is no guarantee that the transaction will be completed at the anticipated valuation
and terms, or at all.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Mr. Wong Wah On Edward, Chairman
of the Company, commented, &ldquo;We are pleased with the favorable outcome of our due diligence investigation of this potentially high
value lithium mine. This payment of deposit is a necessary step towards acquiring the exploration rights to the lithium mine, as all parties
remain highly motivated to complete the transaction. We are excited to be moving forward and continue to see significant opportunities
to leverage our mining expertise as we continue to execute on our long-term business strategy.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">For more information about
the acquisition of Williams Minerals, please see the Report on Form 6-K furnished by CHNR with the U.S. Securities and Exchange Commission
(the &ldquo;SEC&rdquo;) on February 28, 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This press release is not an offer of securities for
sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration.
Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the
issuer and will contain detailed information about the company and management, as well as financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>About China Natural Resources:</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">China Natural Resources, Inc., a British Virgin Islands
corporation, through its operating subsidiaries in the People&rsquo;s Republic of China (the &ldquo;PRC&rdquo;), is currently engaged
in the acquisition and exploitation of mining rights in Inner Mongolia, including preliminary exploration for nickel, lead, silver and
other nonferrous metal, has recently entered the wastewater treatment industry, and is actively exploring further business opportunities
in the healthcare sector, natural resources sectors and other sectors. China Natural Resources recently agreed to acquire Williams Minerals,
which operates a lithium mine in Zimbabwe, for a maximum consideration of US$1.75 billion. Williams Minerals is owned by China Natural
Resources&rsquo; controlling shareholder, Feishang Group Limited, and a non-affiliate, Top Pacific (China) Limited. While there is no
guarantee, the acquisition of Williams Minerals is expected to close in the second fiscal quarter of 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Forward-Looking Statements:</U></B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">This Form 6-K includes forward-looking statements
within the meaning of the U.S. federal securities laws. Any express or implied statements contained in this press release that are not
statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the
intent, belief and current expectations of the Company, its directors or its officers with respect to the potential closing of the acquisition
of Williams Minerals, and the timing of such closing; the ability to locate and execute on strategic opportunities; the impact of the
rising commodity prices; the potential presence of minerals in the Zimbabwean lithium mine; the potential completion of the acquisition
of Williams Minerals; the vesting of ownership of the regions of the Zimbabwean mine and the timing thereof; the level of demand for lithium
and other precious minerals; and the availability of internally generated funds and funds for the payment of operating expenses, capital
expenditures and the Company&rsquo;s growth strategy. Forward-looking statements are not a guarantee of future performance and involve
risks and uncertainties, and actual results may differ materially from those in the forward-looking statements as a result of various
factors. Among the risks and uncertainties that could cause the Company&rsquo;s actual results to differ from its forward-looking statements
are: uncertainties regarding the governmental, economic and political circumstances in the PRC; the impact on the Company&rsquo;s financial
position, growth potential and business from an investment in the natural resources sector generally and in the Zimbabwean lithium mine
specifically; uncertainties related to the Company&rsquo;s ability to identify potential partners or acquisition targets as it considers
strategic alternatives; uncertainties related to the Company&rsquo;s ability to settle in cash the consideration due in connection with
the acquisition of Williams Minerals; uncertainties associated with metal price volatility; uncertainties concerning the viability of
mining and estimates of reserves at the Zimbabwean lithium mine; uncertainties associated with the issuance of and accuracy of the independent
technical reports; uncertainties related to geopolitical events and conflicts, such as the conflict between Russia and Ukraine; uncertainties
regarding the impact of the COVID-19 pandemic on domestic PRC and global economic conditions, demand for the mineral reserves that we
may locate or extract, our workforce, whether due to illness or restrictions on movement, and on the price of our common shares; uncertainties
related to possible future increases in operating expenses; the fluctuations of interest rates and foreign exchange rates; uncertainties
related to the results of the next assessment by the Staff of the Nasdaq Listing Qualifications department of the Company&rsquo;s compliance
with the Nasdaq Listing Rules; uncertainties related to the political situation between the PRC and the United States; uncertainties regarding
the ability of the Public Company Accounting Oversight Board to continue to fully inspect auditors located in the PRC and Hong Kong, the
implementation by the SEC of more stringent disclosure and/or other requirements for companies located in the PRC or that have operations
in the PRC that are listed on exchanges in the United States, and increasing regulation by PRC government agencies of companies located
in the PRC but listed elsewhere; and other risks detailed from time to time in the Company&rsquo;s filings with the SEC, including, without
limitation, the information set forth in the Company&rsquo;s Annual Reports on Form 20-F under the heading &ldquo;Risk Factors.&rdquo;
When, in any forward-looking statement, the Company, or its management, expresses an expectation or belief as to future results, that
expectation or belief is expressed in good faith and is believed to have a reasonable basis, but there can be no assurance that the stated
expectation or belief will result or be achieved or accomplished. Except as required by law, the Company undertakes no obligation to update
any forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><B>For more information please contact:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="background-color: white">David Pasquale</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="background-color: white">Global IR
Partners</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="background-color: white">New York
Office Phone: +1-914-337-8801</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="background-color: white">CHNR@GlobalIRPartners.com</FONT></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

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