THL Mongolia Ltd Purchases 70% of Mongolian Exploration Company

홍콩--(뉴스와이어)--Ying Yu Tang, President of THL Mongolia Ltd, a fully owned subsidiary of Trendfield Holdings Ltd, and Bayan Tsogbadrakh, Managing Director of KMNG LLC, announced on Monday March 1, 2010 that THL Mongolia Ltd has purchased 70% of KMNG LLC (KMNG) holdings with the option to purchase another 20% within 3 years.

KMNG is located in Ulaanbaatar, Mongolia and owns 3 explorative licenses 13602X, 13603X and 13408X. These licenses are located in the South Gobi Province at the southern border of Mongolia, in the territories of Hanboulag, Khanbogd, Sayshand and Dalanazadgad. The cumulative area of the licenses is 1935.5㎢.

According to Mr. Tang, President of THL Mongolia, “Trendfield has been searching long and hard for an opportunity such as this. These permits, their location and proximity to the world class Oyu Tolgoi Project makes this a win-win project for all persons involved. We see this as an opportunity to expand our commodity base and begin to develop our projects and partnerships on the ground in Asia. We believe that these licenses may offer interesting exploration prospects for copper, gold, and rare earth elements.”

About Trendfield Energy and Resources
Trendfield Energy and Resources is a private international exploration and consulting firm exploring mineral rich regions and developing them into productive and profitable operations for the Asian market. Trendfield was created in 1997, to generate greater investment opportunities for the Asian energy sector, however since our inception, we have expanded globally and now have offices in China, Mauritania, Niger, Mongolia and Hong Kong and representation offices in Ecuador, Guinea and Korea.

Trendfield Energy and Resources 개요
Trendfield Energy and Resources는 광물이 풍부한 지역을 탐사하여 아시아 시장을 위한 생산성과 수익성을 가진 사업으로 개발하는 비상장 국제 개발 및 컨설팅 기업이다. Trendfield는 1997년 아시아 에너지 부문의 투자 기회를 확대하기 위해 설립되었으나 설립 초기부터 전세계로 진출하여 현재 중국, 모리타니아, 니제르, 몽고와 홍콩에 지사를 가지고 있으며 에콰도르, 기니아와 한국에 대표 사무소를 두고 있다.

웹사이트: http://www.trendfieldonline.com

연락처

Christopher Lyon
86-10-8567-92
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