Toronto-listed Prophecy Coal on Monday said it would expand
its coal resources in Mongolia by acquiring certain assets next to its
Chandgana licences from privately held Tethys Mining.

CEO John Lee said consolidating the coal basin of about 300 km2 offered
greater economies of

SouthGobi Resources Ltd. Announced that
construction has commenced on a new paved coal highway to the Mongolia-China
border. A ribbon-cutting ceremony was held June 16, 2012 to commemorate the
start of construction.

On August 2, 2012, the State
Property Committee of Mongolia awarded the tender

Mongolia’s government is planning to
launch an initial public offering for the Tavantolgoi coal mine and list it in
the first quarter of next year, the chief executive of Mongolia based
investment bank that advises the government on mining policies said Wednesday.

The government

The President of Mongolia Tsakhia Elbegdorj issued a degree on Widening use of
Mongolian old script in official document. In frame work of implementation of
degree students getting bachelor and master degree will receive a diploma
written in Mongolian old script and Cyrillic

The Organizing committee of Naadam-national holiday of
Mongolia held a meeting today. The Naadam preparation at the height of work. But
reparation of main road to the horse racing place to Kui Doloon khudag is
slowing down. M.Enkhbold, head of  the Organizing
committee of

25
households in Dambadarjaa, Belkh, Dari-Ekh area of Ulaanbaatar getting flooded
of heavy rain on Tuesday afternoon. According to the B.Dulamsuren, official
from Public Relation Department of State Emergency Authority 9 families lost their
homes /gers/. “Metropolitan Emergency Department have had urgent meeting today
and

Nova Mining Corp. announced today that the Company has moved to secure
valuable Lithium supplies by executing a Letter of Intent with Mongolian
National Mining Consultants Limited (MNMC) for the exclusive right to purchase
100% of the Lithium produced from MNMC mining properties

Prophecy Coal Corp. is pleased to
announce that it has entered into a binding Sale and Purchase Agreement (the
“Agreement”) to acquire assets relating to certain Tugalgatai coal
exploration licenses from Tethys Mining LLC (“Tethys”), and subject
to approval from the Minerals Resource Authority

The fossil of a dinosaur that roamed
the earth 70 million years ago should be turned over to the United States by an
auction house so that it can be returned to its home in Mongolia, a lawsuit
brought by the U.S. government

Mongolian folk group “Altan urag” to participate to the
regional international music festival to be held in Krasnoyarsk, Russia, from
June 25 to July 4. The “Alta urag” will perform together with Vanessa Mei, internationally
known British violinist.

Artists from Russia, Mongolia, Singapore,