IKH Gobi Energy Stand Number: E 4

Ikh Gobi Energy exploration started in 2011 and discovered the best quality coal in Dorno-Gobi province of Mongolia. Our company is strategically located 165 km from Mongolian-Chinese Hangi-Mandal border as well as 38km from the border of the national railway station of China. Our extensive drilling process has been done on only 2160 hectares, further exploration will identify several areas within our mineral license which covers 10774,13 hectares. Ikh Gobi Energy is scheduled to start the export in July 2012. Currently, Ikh Gobi Energy is co-operating with Runge in Mongolia on JORC resources estimation report due at the end of 2012.