Source: Hunnu Coal                  Date: 16 September, 2010

Hunnu Coal has announced two new executive appointments that will enhance the effective management and strategic development of the company in Mongolia. It has named Mr. Angus Caithness as its new Chief Financial Officer. Mr. Caithness was previously an Executive Director at Ernst & Young and has been providing assurance and transaction advisory services across the international resources community within established and emerging markets for over 10 years. Mr. Caithness will also co-ordinate the company’s Hong Kong listing process.

Mr T. Gansukh, previously Head of the Transportation Department of the Government Agency for Transportation in Mongolia, is the new General Manager of Transportation and Logistics at Hunnu Coal. He will supervise all coal transportation planning and management from the mine sites to domestic and overseas customers as well as other related logistical matters.