MONGOLIA - New zones identified at Chandman

Canadian-based Altan Rio Minerals has completed reconnaissance drilling at the KY porphyry intrusion targets of its Chandman Copper-Gold Project in western Mongolia. The company is also finalizing a deal with Gallant Minerals to take on ownership of all five tenements in its Khovd province project.

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MONGOLIA - Prophecy secures $7 million for Chandgana

Prophecy Coal has secured a $5 million debt facility with a resource lender and a $2 million inter-company loan with affiliate Prophecy Platinum to advance its Chandgana project in central Mongolia. 1

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MONGOLIA - US$1.8 billion finance plan for Oyu Tolgoi

A finance plan for Ivanhoe Mines’ Oyu Tolgoi copper-gold-silver mining complex has been approved, with the company securing US$1.8 billion in bridging finance from a major international bank. The funding will cover completion of the first phase of the facility in southern Mongolia, which is expected to start commercial production in 2013. Construction of the first stage of the plant is 70% complete.

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NEW ZEALAND - Aggressive exploration by Strategic

Field work by Strategic Elements on New Zealand’s west coast has marked the start of a wider program the company believes will lead to discoveries of large new precious metal sources.

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