Last updated on April 17, 2014 at 17:30 EDT

CD International Subsidiary Completes Supply Agreement with Peruvian Mining Company to Distribute High Grade Iron Ore to End Markets in China

October 22, 2013

Three-year agreement calls for delivery of up to 1.2 million metric tons

DEERFIELD BEACH, Florida, October 22, 2013 /PRNewswire/ –

CD International Enterprises, Inc. (“CD International”) (OTCQB: CDII
[http://finance.yahoo.com/q;_ylt=Aj1OpTWg1Dr6oB76jfssIUmtcq9_;_ylu=X3oDMTB1NGdxanFwBHBvcwMxBHNlYwNuZXdzYXJzdGFydARzbGsDY2RpaQ--?s=cdii ]
), a U.S. based company that produces,
sources, and distributes industrial commodities in China and the Americas, and provides
business and financial corporate consulting services, today announced that CDII Minerals
Peru SAC (“CDII Peru”), a jointly owned subsidiary of CD International and Minera Mapsa,
S.A., has entered into a supply agreement with a Peruvian mining company (“PMC”) to
distribute high-grade (over 63.5%) hematite iron sourced from the Apurimac region in Peru.

Under the terms of this agreement, PMC will provide 30,000 to 35,000 metric tons of
iron ore on a monthly basis over a three-year period. The ore will be transported and
loaded via the port of Pisco, located in Peru’s central region for ultimate bulk shipping
to China. Both parties anticipate commencing shipments in late December 2013. CDII Peru
has contracted Sea Brokers Peru as their exclusive shipbroker for all shipping services
related to this agreement.

CDII Peru recently received delivery of approximately 2,000 tons of iron ore for
inspection testing at its patio near the Pisco Port. The iron ore was inspected by COTECNA
del Ecuador, S.A., a highly regarded international inspection agency. The inspection
results indicate the iron ore meets all requirements including the hematite content for
CDII Peru’s Chinese buyers. This contract represents another step forward in CD
International’s plans to focus more of its efforts and resources on furthering its
minerals sourcing and distribution business in Peru, Bolivia and Chile for ultimate
delivery into China.

Commenting on this agreement, Dr. James Wang, CEO of CD International, stated, “After
a number of years of hard work in establishing our operations in South America we are now
beginning to see the rewards. We are very pleased to enter into this supply agreement as
it furthers our ability to exploit our expertise in working with end buyers in China to
meet their demand for South American minerals. We have seen a recent resurgence in China’s
demand for iron ore in recent months as reflected by rising spot market prices. We intend
to work diligently to establish additional relationship in Peru to further expand our
sourcing capabilities in the region in the coming months. Upon commencement of delivery,
we anticipate this supply agreement has the potential to bring significant revenue and
cash flow to CD International for years to come.”

About CD International Enterprises, Inc.

CD International Enterprises, Inc. (OTCQB: CDII) is a U.S. based company that
produces, sources, and distributes industrial commodities in China and the Americas, and
provides business and financial corporate consulting services. Headquartered in Deerfield
Beach, Florida, with corporate offices in Shanghai, CD International’s unique
infrastructure provides a platform to expand business opportunities globally. For more
information about CD International, please visit http://www.cdii.net.


In connection with the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, CD International Enterprises, Inc., is hereby providing cautionary
statements identifying important factors that could cause our actual results to differ
materially from those projected in forward-looking statements (as defined in such act).
Any statements that are not historical facts and that express, or involve discussions as
to, expectations, beliefs, plans, objectives, assumptions or future events or performance
(often, but not always, indicated through the use of words or phrases such as “will likely
result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,”
“plans,” “believes” and “projects”) may be forward-looking and may involve estimates and
uncertainties which could cause actual results to differ materially from those expressed
in the forward-looking statements. These statements include, but are not limited to, our
expectations regarding CDII Peru’s operations in Peru, our ability to source and sell iron
ore, our ability to arrange financing for these operations, fluctuations in demand and
pricing for iron ore, our expectations regarding profits, if any, and future operating
results of CD International and its subsidiaries.

We caution that the factors described herein could cause actual results to differ
materially from those expressed in any forward-looking statements we make and that
investors should not place undue reliance on any such forward-looking statements. Further,
any forward-looking statement speaks only as of the date on which such statement is made,
and we undertake no obligation to update any forward-looking statement to reflect events
or circumstances after the date on which such statement is made or to reflect the
occurrence of anticipated or unanticipated events or circumstances. New factors emerge
from time to time, and it is not possible for us to predict all of such factors. Further,
we cannot assess the impact of each such factor on our results of operations or the extent
to which any factor, or combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements. This press release is
qualified in its entirety by the cautionary statements and risk factor disclosure
contained in our Securities and Exchange Commission filings, including our Annual Report
on Form 10-K for the fiscal year ended September 30, 2012.


        CD International Enterprises, Inc.
        Richard Galterio
        Investor Relations
        Phone: +1-954-363-7333 Ext. 316
        Email: richard.galterio@cdii.net

SOURCE CD International Enterprises, Inc

Source: PR Newswire