MONGOLIA - Viking Ashanti placement

Viking Ashanti Limited has arranged a placement of ordinary shares at $0.035 each to professional and sophisticated investors. This placement has been managed by Emerald Partners Limited and Inteq Limited. Funds will be used to funds costs associated with the Auminco merger transaction centred on Mongolian assets.

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NEW ZEALAND - Chinese funds for Talisman mine

New Talisman Gold Mines has signed a Heads of Agreement (HOA) with St Albans Pty Ltd, a Special Purpose Vehicle (SPV) set up by a Chinese investor group, which contemplates the investment of NZ$10.9 million to fund the Talisman gold mine development project.  1

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