Source: Origo Partners                       Date: 03 June, 2011

Origo Partners Plc has acquired a 20 per cent equity stake for USD10 million in Moly World Ltd, owner of an advanced stage molybdenum exploration project, covering an area of 2,360 hectares approximately 40 km north of Tsagaan-Uul district in Khuvsgul province in northern Mongolia. Origo's wholly owned commodities trading company, Origo Resources International Ltd., has been granted an off-take covering up to 20 per cent of all possible production for the life of the mine. Two independent assessments lead Origo to believe that the project has the potential to host a world class molybdenum resource, benefiting from high grade and near surface mineralization.

Moly World will use the proceeds from the sale to fund further exploration work, including exploration for extensions and infill drilling in order to produce a JORC compliant resource estimate, targeting a minimum of 300 million pounds of molybdenum by December 2011. A total of 8 drilling rigs are in the process of being deployed at the project in one of the largest exploration programs currently under way in Mongolia.