The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced March 4, 2014.

Number of shares:  91.5 million shares

Purchase price:  Five cents per share

Warrants:  91.5 million share purchase warrants to purchase 91.5 million shares

Warrant exercise price:  10.5 cents for a two-year period, subject to an accelerated expiry

Number of placees:  27 placees

Insiders:  Jonathan Spring, 200,000; Origo Partners PLC, eight million; John Rickus, one million; Duchintav Khojgor, 7,674,500

Finders' fees:  $61,142 payable to Resource Investment Capital Ltd.; $116,500 payable to The Private Office SA (William Lovering, William Pym); $10,000 payable to Pareto Securities Ltd.; $3,000 payable to The Mongolian Investment Banking Group LLC