Mr. Matthew Wood reports

ARANJIN RESOURCES COMPLETES PRIVATE PLACEMENT

Aranjin Resources Ltd. has completed its previously announced non-brokered private placement of 53,782,668 units of the company at a price of two cents per unit, for aggregate gross proceeds of approximately $1,075,653. Each unit consists of one common share of the company and one common share purchase warrant.

Each warrant will be exercisable for one share at a price of five cents per share for a period of 24 months from the closing of the offering, provided that in the event that the daily volume-weighted average closing price of the Shares on the TSX Venture Exchange or a recognized Canadian stock exchange equals or exceeds 10 cents for a period of 20 consecutive trading days, the company may accelerate the expiry date of the warrants by issuing a press release announcing the reduced warrant term and in such case, the warrants will expire on the 30th calendar day after the date such press release is issued.

The proceeds from the offering will be used for exploration and development on the company's mining projects and for general corporate purposes.

All the securities issued under the Offering will be subject to a four-month hold period expiring Nov. 21, 2023. The offering remains subject to the final acceptance of the TSX-V. In connection with the offering, the company paid cash finder's fees of $52,539.

Matthew Wood, chairman of Aranjin Resources, commented, "We are delighted with the strong investor support for our private placement and we look forward to an active summer of exploration at our copper projects."

In connection with the offering, a related party to the company has agreed to acquire an aggregate 10 million units, for gross proceeds of $200,000. The acquisition of the units will be considered a related party transaction pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions requiring the company, in the absence of exemptions, to obtain a formal valuation for, and minority shareholder approval of, the related party transaction. The company is relying on an exemption from the formal valuation requirements of MI 61-101 available because no securities of the company are listed on specified markets, including the Toronto Stock Exchange, the New York Stock Exchange, the American Stock Exchange, the Nasdaq, or any stock exchange outside of Canada and the United States other than the Alternative Investment Market of the London Stock Exchange or the PLUS markets operated by PLUS Markets Group PLC. The company is also relying on the exemption from minority shareholder approval requirements set out in MI 61-101 as the fair market value of the participation in the offering by the insiders does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101. The company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the offering, which the company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the offering in an expeditious manner.

About Aranjin Resources Ltd.

Aranjin is committed to exploring its highly prospective copper and nickel projects in Mongolia.

We seek Safe Harbor.