Source: Xanadu Mines                       Date: 31 March, 2011

Xanadu Mines has acquired the Mogoin Gol copper prospect, covering 488 sq km in northern Mongolia, 40 km northwest of the Erdenet deposit, which produces 530,000 tons per annum of copper concentrate and delivers it to Russia and China via the Trans Mongolian railway. "Following extensive due diligence, it is Xanadu's view that the Mogoin Gol project is one of the best untested porphyry copper targets in Mongolia, having been subject to minimal drill testing almost a decade ago," chairman Brian Thornton said in a statement on Wednesday.