why buy tpl-high quality coal asset mongolia

Surely Acquisition isn?t far off?

Mongolia

TPL is pursuing its strategy of targeting and potentially acquiring a high quality coal asset in

Mongolia. Initial focus is on coking coal projects in Western Mongolia as the company is of the

view this area offers opportunity for the size and type of project TPL seeks as well as access to

the rapidly expanding steel mill markets in the Chinese Provinces of Xinjang and Gansu which

lie immediately south of the Mongolian Border. The company has finalized an agreement with

one project finder group and is close to finalizing an agreement with a second group who are

both Mongolian based. One group comprises of a local geological consulting and drill

contracting company, while the other contains individuals with experience and high standing

both in the political and local resource industry sectors. TPL is actively reviewing and

completing due diligence on several projects in Mongolia which have been recently presented.

In addition to reviewing presented projects TPL is actively targeting areas and undertaking initial

due diligence prior to approaching potential vendors.