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Kharganii am-1 Molybdenum Property

The Kharganii am-1 Molybdenum Property consists of exploration licence XV-014091 and mining licence MV-017604. The approximate center of Mining Licence MV-017604 is located at Latitude 48o3256 N and Longitude 106o2202 E (UTM WGS84 Zone 48U 600901 mE, 5378212 mN). The Property is located in the Bornuur sum (Bornuur district), in the Töv aimag (Central Province) of northern Mongolia.

Exploration Licence XV-014091 was granted by the Mining Resource Authority of Mongolia (MRAM) on September 2, 2008, and is currently valid until July 31, 2017 with an area of 1,073 ha.

Mining Licence MV-017604 was granted by the Geological Mining and Registration Office, Ulanbaatar, Mongolia on September 5, 2014 and is valid for 30 years until September 5, 2044 and is an irregular shape covering 42.12 ha.

The Property is 114 km northwest of Ulaanbaatar, the capital of Mongolia and 6 km north east of the Ulaanbaatar-Irkutsk (AH3) route.

Since acquiring the licence in 2008, Tunshan Xiangdong, the Company's subsidiary in Mongolia,  has completed 1:10,000 scale geological mapping over the property.

Tunshan Xiangdong has completed two IP profiles of 800 m length at 100 m spacing over the area of Molybdenum mineralization. Tunshan Xiangdong has excavated a total of approximately 15 trenches, from 9 to 16 m long to a maximum depth of 0.8 to 1.5 m.

Mongolia Zheng Yuan Ltd, retained by Tunshan Xiangdong, has drilled 29 holes from 2008 to 2014 for a total of 11,631.1 m. Drilling was done and made XY-4 exploration core drilling rigs capable of 1,000 m depth with 42 mm diameter drill rods.

For more information on the Property, please review the Company's filings on SEDAR.



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