SouthGobi Signs Cooperation Agreement With Aluminum Corporation of China Limited (CHALCO) and Receives Notification of CHALCO's Intention to Make a Proportional Take-Over Bid at C$8.48 Per Share

SouthGobi Resources Ltd. ("SouthGobi") (TSX:SGQ.TO )(HKSE:1878.HK ) announced today that it has entered into a Cooperation Agreement with Aluminum Corporation of China Ltd. ("CHALCO"), and further announces that it has received notice that CHALCO intends to make a proportional take-over bid for up to 60% of the issued and outstanding common shares of SouthGobi.

SouthGobi has been informed that CHALCO intends to make a take-over bid for up to 60% of the issued and outstanding common shares of SouthGobi at C$8.48 per share ("Proportional Offer"). SouthGobi has also been informed by its 57.6% major shareholder, Ivanhoe Mines Ltd. ("Ivanhoe"), that Ivanhoe has signed a lock-up agreement with CHALCO, committing to tender all of its shares held or thereafter acquired by it during the Offer Period of CHALCO into the Proportional Offer.

Published: 02 April 2012
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CIC Energy Announces Investment by Vitol as a Strategic Partner

Updates Provided on Power Projects

CIC Energy Corp. ("CIC Energy" or the "Company") (TSX:ELC, BSE:CIC Energy) is pleased to announce it has completed a private placement with Vitol Energy ( Bermuda ) Ltd. ("Vitol") a member of the Vitol Group of companies (the "Vitol Group") for a total of 5,263,158 common shares at a price of CDN$1.90 each for gross proceeds of CDN$10 million. This price reflects a 44% premium to the closing price of CIC Energy's common shares on March 26 , 2012.  Following completion of the private placement, Vitol holds 9.1% of the issued common shares of the Company.  In connection with the private placement, CIC Energy has granted Vitol pre-emptive rights to maintain its proportionate shareholding interest in the Company and certain anti-dilution rights for a maximum of 12 months, in each case, subject to the approval of the TSX.

Published: 27 March 2012
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Cline Mining Announces 2011 Annual Financial Results

Cline Mining Corporation ("Cline Mining" or the "Company") (TSX:CMK) today announced its results for the year ended November 30, 2011 ("2011"). Dennis Z. Mraz, P.Eng., Chief Operating Officer of Cline, is a Qualified Person within the meaning of NI 43-101 and is responsible for the technical content of this press release.

Financial
Income of $9,539,076 and comprehensive income of $11,032,162 (basic and diluted earnings of $0.05 per share) for 2011 compares with a loss of $9,678,306 and comprehensive loss of $9,796,122 (basic and diluted loss of $0.08 per share) for the year ended November 30, 2010 ("2010"). Cash used in operating activities of $5,282,780 for 2011 compares with $3,089,101 for 2010.

Published: 29 February 2012
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L&L Enters Agreement Acquiring Majority Stake of the Weishe Mine

L & L Energy, Inc., (Nasdaq: LLEN - News) ("L&L" or the "Company"), a U.S.-based company founded in 1995 with coal mining and distribution businesses in China, announced today that it has entered an agreement acquiring 51% controlling interest of the Weishe coal mine ("The Mine" or "Weishe") in China. 

Weishe Mine Acquisition Highlights         

    Purchase Price:            Approximately $16.2 million, to be paid in full with 3 million LLEN shares at $5.396/share
    Interest %:                   51% controlling interest
    Mine Reserves:            19 million tons in a 1.8 square KM site
    Design:                        450,000 ton annually 

Published: 30 January 2012
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Cline New Elk Coal Mine Approvals

Cline Mining Corporation (TSX: CMK.TO - News) ("Cline" or the "Company") is pleased to report that further to its news release of December 30, 2011, New Elk Coal Company ("New Elk"), a wholly-owned subsidiary of Cline, received the last regulatory approval required for room and pillar mining in the Blue Seam on January 3, 2012. Regulatory approval had previously been granted for mining the Allen seam.  Accordingly, all approvals are now in place for mining in both seams in accordance with the mining plan at the New Elk Coal Mine in Las Animas County, southern Colorado.

Published: 05 January 2012
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