Mongolian coal explorer Aspire
Mining Limited is pleased to advise that it has agreed to assist to
fund the completion of construction of a local hospital near to the Company”s
Ovoot Coking Coal Project (“Ovoot”) in northern Mongolia.

In addition, Aspire has provided funding for two medical doctors to provide
healthcare services onsite and to communities (“soums”) surrounding
Ovoot.

New Tsetserleg Hospital

Aspire, in partnership with the Khuvsgul Provincial Government (“Khuvsgul
Government”) has agreed to contribute 50% of the funds required to
complete the construction of a new 20 bed Hospital at the Tsetserleg soum with
the Khuvsgul Government providing the balance.

Commencing in October 2010, construction was halted in June 2011 due to lack of
funding to complete the works. To date, the Khuvsgul Government has spent
US$140,750 on the hospital”s construction.

Aspire”s contribution has enabled Construction of the hospital to commence
again and is expected for completion in November 2012.

The Tsetserleg soum is badly in need of an upgraded hospital after a 2009
Government inspection report recommended closure of the existing hospital due
to significant structural damage and ageing. A smaller clinic, 25 kilometres
from the soum, has proved difficult for some residents to access.

The new hospital, designed by local Mongolian company TETU LLC, will include
facilities to provide medical aid for special circumstances including ill
children, maternity, pre and postnatal care, and quarantine for infectious
diseases.

The new hospital is in line with the Khuvsgul Province Socio-Economic Development
Plan for 2008-2015 to improve health services in the region, and in accordance
with the Company”s policy of corporate social responsibility to the environment
it operates within.

 Source: ABN Newswire