Source: General Mining Corporation                             Date: 29 September, 2011

General Mining Corporation (GMM) has acquired a 100 percent interest 19.6 square-kilometers exploration license in Mongolia for coal exploration.The licensed land is near its subsidiary Golden Cross's current exploration property in Uvs Aimag. It is 200 meters west of the Khuden coal deposit. It covers parts of an inter-mountain basin apart from the major Uvs Basin.The Khuden coal deposit was discovered in 1971 during exploration through 1970s  to the 1980s. Most of the geology outside the area with exposed coal is unexplored. The company began preliminary exploration activities this year including past exploration data.At the site is a sealed high linking Ulaangom Soum, the provincial capital, and the Russian city Kyzyl. A high-voltage power line is available and a railway that will connect to the Trans-Siberian Railway will have completed construction before the end of 2014. The land found at the licensed are is known to hold at least 7 black coal seams discovered at the Khuden project at the center of this basin.Established in 2007, GMM came to produce found the subsidiary Golden Cross LLC in 2008. The company has applied for and been granted 10 licenses in the north-west of Mongolia. Its projects include the Uvs Basin potash project.