Source: AIDD Group                        Date: 24 February, 2011

Mr. Peter Morrow, who recently retired as CEO of Khan Bank where he spent the past 10 years transforming it into the largest and most profitable bank in Mongolia, has been appointed Chairman of the Board of Directors of AIDD, the Mongolian mining services group.

Mr. James Polson, CEO and co-founder of AIDD Group, sees this as “a very exciting and important appointment” and anticipates that Mr. Morrow “will visibly contribute to the future sustainable growth of AIDD, both at home in Mongolia but also internationally”. Mr. Morrow has said he is “excited to become part of the group” and sees “an exciting future for the company”.

AIDD LLC was founded as a Mongolian company in 2004 and over the past 7 years has completed extensive drilling projects across Mongolia, China and Kazakhstan. The European Bank for Reconstruction and Development invested in AIDD Group in 2007 and currently holds a 39.4% stake in the company. The AIDD Group’s goal is to become Mongolia’s leading international mineral drilling service provider in the North East and Central Asian region by offering high quality services at best value to mineral exploration, mining, and geotechnical companies operating in the region.