MONGOLIA - High grade iron intersected at Selenge

Haranga Resources says further intersections of high grade iron mineralization have been confirmed at the Bayantsogt prospect within its flagship Selenge iron ore project. The company has announced its final assay results from the 2011 drill program at Bayantsogt, where 31 of the 34 holes intersected significant widths of iron mineralization.  1

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MONGOLIA - Lippo becomes Haranga shareholder

Haranga Resources will issue 15 million new shares to a subsidiary of Lippo China Resources, raising $6 million in the process. The sale will see Golden Rain Holdings become Haranga’s largest shareholder with a 13.92% stake and provide funding for completion of a drill program at its flagship Selenge iron ore asset in central north Mongolia.  1

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MONGOLIA - SouthGobi to sell Tsagaan Tolgoi

SouthGobi Resources will sell its thermal coal Tsagaan Tolgoi property to Modun Resources, netting US$30 million through the transfer of a wholly-owned subsidiary holding both a mining and exploration licence for the deposit.

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