MONGOLIA – Fourth MoU for Berkh Uul coal

Viking Mines announces that a major Mongolian industrial company has signed an initial non-binding Memorandum of Understanding with Auminco Mines relating to future potential coal supply from the Berkh Uul project in northeast Mongolia. Auminco, an unlisted public company, is the subject of a takeover offer by Viking and more than 97% of Auminco’s shareholder base has accepted the offer.

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PHILIPPINES - Mindoro signs option agreements

Mindoro Resources has signed two option agreements to acquire an additional 25% interest in the Agata project and an option to acquire an additional 25% interest in the Tapian San Francisco project, from its Philippine partner Minimax Mineral Exploration Corp. These projects are within the Surigao mining region on the island of Mindanao.

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