Source: Haranga Resources                           Date: 03 December, 2010

Haranga Resources, a Mongolia-focused iron ore exploration and development company, has closed its Initial Public Offer (IPO) on the Australian Stock Exchange to raise USD25 million early and was heavily oversubscribed.   The Company will list on the exchange in early to mid December 2010. It has booked drill rigs and geophysical survey crews for immediate commencement of exploration.

Haranga Resources is the majority owner and operator of five highly prospective Mongolian iron ore projects.  Each project has the potential to host significant economic deposits of iron ore and is situated close to existing or proposed infrastructure in order to access the enormous market for iron ore in next door China.