Source: S3 Investment Company, Inc.                      Date: 14 April, 2011

S3 Investment Company, Inc./Redwood Capital has completed the acquisition transaction, ASX listing and a USD10-million Public Offering capital raise for its client Mongolian Resource Corporation (MRC). As a result of the acquisition, Alamar Resources Limited, which is traded on the Australian Stock Exchange, will change its name to Mongolian Resource Corporation Ltd. Redwood Capital acted as the Asian merchant banking financial advisor for MRC.

Alamar Resources Limited has said that the capital raised will be used to fund the acquisition, exploration and development of the MRC Mongolian assets and for general working capital purposes. Mr. Jim Bickel, Chairman and CEO of S3/Redwood, is one of three new directors appointed to the Alamar Resources Limited board as part of the transaction. Redwood’s Managing Director Matthew Totty stated, “I am extremely excited about Mongolia and working full time in country on a number of new projects with our local partners. We feel the ASX is a natural place for Mongolian mining companies to list and MRC has been well received.” MRC is a diversified mining company engaged in the acquisition, development and operation of resource properties in Mongolia, particularly late stage or current producing mines.