Strzelecki Metals Limited has entered into a Heads of Agreement to acquire
100% of Wolf Petroleum Limited. This is a 100% scrip transaction.

Wolf Petroleum shareholders to be offered twenty five Strzelecki Shares for
every one Wolf Petroleum Share.

Proposal to re

Former President N.Enkhbayar sentenced to four years in jail by Sukhbaatar
district court, after three days the case hearing.

Enkhbayar was arrested on April 12 on the television equipment-related
charge, as well as charges of being involved in the illegal privatization of a
hotel

The Parliament has approved first law. By the amendments to
the Law on Parliament  the parliament will
have 8 standing committee instead of 7. Yesterday lawmakers agreed to establish
Standing committee on Regulation of petition and complains.

The Standing committee aimed to give a

Two from three newly elected MP’s, O.Baasankhuu and
Ts.Tsolmon of Justice coalition took oath yesterday, on August 1. Not clear that when will
take oath another elected MP Ts.Oyunbaatar of Justice coalition.

Now the parliament has 71 from 76 lawmakers. The General
Election

On June 30, 2012, Charles Antis, President of Antis Roofing &
Waterproofing and a Habitat for Humanity Orange County Board Member,
traveled to Ulaanbaatar, Mongolia, to participate in the Habitat for Humanity
Blue Sky Build 2012. His 22-year-old son Erek and his 14-year-old

Mongolia”s Munkh-Erdene Uranchimeg has dominated Zdenek
Chiladek of the CzechRepublic to book his place in the last 16 of the Olympic
light welterweight tournament.

Uranchimeg boxed well at range and proved to be an elusive target for the
Czech, who found himself trailing

World
Aviation Systems has been appointed to represent MIAT Mongolian Airlines in
Australia, as the carrier expands its international presence in response to
growing activity in the resources and tourism sectors.

Mongolia is rich in resources including oil, coal, iron ore, gold, silver,
copper, zinc

Construction is underway on Mongolia’s first wind
power scheme which is being developed at Salkhit Uul, 75km from Ulaanbaatar in
Mongolia. Mott MacDonald supported the European Bank for Reconstruction and
Development and FMO as lender’s technical advisor on the scheme which is being
developed

Unhappiness with the ticket resale system for the London
Games reached the boiling point Monday afternoon after hundreds of Mongolians,
some who”d traveled here from Mongolia, learned that a schedule change meant
they could not see the match of boxer and national hero

President Elbegdorj congratulated Nyam-Ochir Sainjargal on winning the
bronze medal in Men’s -73kg judo match at the London 2012 Olympic Games.
President Elbegdorj arrived at the ExCel complex to cheer Mongolian judoka who
brought Mongolia the first Olympic medal from London.

On the