pursue giant copper gold targets in china

KING SOLOMON LISTS ON ASX TO PURSUE GIANT COPPER GOLD TARGETS IN CHINA (TIEN SHAN MB)

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After completing its $10M raising, King Solomon Mines Limited (“KSO”) has listed on the ASX. The Company sought to raise a minimum of A$8M with provision to accept up to an additional A$2M in oversubscriptions.

The oversubscribed issue was closed early following strong demand from institutional and private investors.
Mr. Stephen McPhail, the Company’s Managing Director, stated that “the Company’s exploration team has commenced its field work in Inner Mongolia and is planning a full program for this year.

The initial focus will be on the porphyry copper target at Marmot Ridge and the shear-hosted copper mineralisation outcropping at surface at Wuritu.

Drilling is expected to commence at Wuritu in early May and at Marmot Ridge later in the month on the back of results from a soon-to-commence IP geophysical survey. We also intend to undertake mapping and sampling programs at Amoyitele and the Sonid North and South projects and to accelerate appraisal and acquisition of additional quality targets.”

About King Solomon Mines

The Company has mining prospects in the semi-autonomous province of Inner Mongolia, China.
World class target area

• King Solomon is exploring for minerals in the under explored Inner Mongolian section of a major fold belt that hosts world class Gold and Copper deposits.

Strong initial project portfolio

• The Company has interests in the following projects

o Marmot Ridge – Porphyry Copper-Gold prospect along geological trend from the Ivanhoe/RTZ owned Oyu Tolgoi Copper-Gold deposit

o Wuritu – potential high-grade shear hosted Copper deposit

o Amoyitele – Magnetite and Copper prospects; Nickel and Lead anomalies

o Sonid North & South – Regional shear hosted Gold targets

7 years experience in China

• The Company’s founding directors have worked on minerals projects in China for 7 years

• Operating infrastructure is established in Inner Mongolia

Experienced board and management

• The Company’s board and management are experienced in exploration and capital raising:

o John Quinn Chairman (Newcrest, Perserverance)
o Stephen McPhail MD (Todd, Highlake)
o Bruce Bell Exec. Dir. (Delta, Highlake)
o Fu La Exec. Dir.
o Chris Castle Non Exec Dir. (Widespread, Asian Mineral Resources)

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