Source: Aspire Mining         June 10, 2010

Aspire Mining continues to achieve encouraging drilling results from its wholly-owned Ovoot Coking Coal Project in northern Mongolia. Recently the company has completed a further 5 holes which intersect with coal seams of significant thickness. Once a second drill rig is mobilized next week, the drilling program will be expanded from 4,500 meters to 10,000 meters.

The recent issue of 50 million fully paid shares at a price of AUD0.09 per share to raise AUD4.5 million was oversubscribed. The company Chairman, Mr. David McSweeney, said this was “a vote of confidence for the company’s measured development strategy” for the project.