Undur Tolgoi Minerals Inc.
(“UTM” or the “Company”)(cnsx:UTM) is pleased to report
that its previously announced winter work program is well underway. Our survey
crews have now completed over 50% of the sampling program on the Undur Tolgoi
licensed property. In addition, the magnetic and gravity work have been
completed. UTM anticipates finishing all of the planned soil sampling, magnetic
and gravity work within the next two weeks.

James Passin, UTM”s Chairman
commented, “It is gratifying that in spite of the weather delays we are
ahead of schedule, which is a real tribute to our team.”

The Company will be one of the
highlighted sponsors at the Mines and Money Conference held in Hong Kong from
March 19, 2012 to March 23, 2012. Mr. Passin, UTM”s chairman, will be speaking
at the conference on Friday March 23, 2012.

UTM is a mineral exploration company
entirely focused on Mongolia, and which through its wholly owned subsidiaries,
owns 100% of the “Undur Tolgoi” mineral exploration license. This
license consists of 9,620 hectares of property situated 100 kilometers from the
world-scale “Oyu Tolgoi” copper and gold mine. In addition, UTM”s management
is actively reviewing potential acquisitions and strategic industry alliances.

Source: http://www.marketwatch.com