Dennis Carl Price has taken over as
Chief Operating Officer-Mongolia for Mongolia Energy Corporation (MEC), joining hands with MEC”s
management team to further develop the Group”s mining operations in Mongolia.

Price has over 30 years of experience in the mining industry worldwide,
including Mongolia, Kazakhstan, Columbia, Georgia, Germany, Indonesia, Turkey
and the United States. He has extensive operating and engineering experience in
exploration and mining of coal, gold and various other minerals.