Source: Haranga Resources                           Date: 21 September, 2011

Haranga Resources uncovered significant traces of iron ore at it its Bayantsogt site. All sixteen holes drilled for exploration have encountered mineralization and tests indicate at least five major iron deposits.Drilling began last July, reaching a total depth of 3,890 meters with holes varying between 12 and 54 meters. The company is currently waiting for further lab analysis on nine of its drilled holes.  Drilling will continue with two rigs at Bayantsogt in addition to a third at other targets in its licensed area.
Haranga is also attempting to obtain a third dedicated drill rig for Bayantsogt for the remainder of the drilling season.The firm intends to continue to focus drilling exploration at Bayantsogt to gather enough information for the JORC Code for the Australian Stock Exchange (ASX).Haranga is a domestic firm with a majority stake in five prospective Mongolian iron ore projects. As part of its Selenge project, the company holds five exploration licenses covering almost 600 square-kilometers. Geological reconnaissance confirmed the presence of iron mineralization at four primary exploration projects, one of which is the aforementioned Bayantsogt.