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 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.