Source: Mongolian Mining Corporation                         Date: 11 May, 2011

The Mongolian Mining Corp. has submitted to the Stock Exchange of Hong Kong details of four recent agreements it has entered into, as they are with indirect wholly-owned subsidiaries of the company. This is a mandatory requirement. The agreements are:

(i) Power and Heat Generation, Distribution and Management Agreement between MCS

International and Energy Resources, whereby MCS would provide services to the Group for approximately USD19 million;

(ii) Pipelines and Supporting Facilities Construction Agreement between MCS International

and United Power, whereby MCS will construct pipelines and other ancillary supporting facilities for about USD9.5 million;

(iii) CHP Concrete Installation Agreement between MCS Property and Enrestechnology, whereby MCS will provide concrete preparation and pouring services for approximately USD4 million; and

(iv) Electrical Installation Agreement between MCS International and Enrestechnology,

whereby MCS will install high voltage electrical facilities for approximately USD1.2 million.