Mongolian Mining's Hong Kong IPO 9.92 times subscribed

The company's offer price fixed at HK$7.02 per share

Mongolian Mining Corporation (“MMC” or the “Company”), the largest privately held high-quality coking coal producer and exporter in Mongolia in the first half of 2010, on Tuesday announced its share offer allotment results.

The Hong Kong Public Offer Shares were approximately 9.92 times over-subscribed and the International Placing Shares have been well over-subscribed. The Offer Price has been fixed at HK$7.02 per Share.

Citigroup Global Markets Asia Limited and J.P. Morgan Securities (Asia Pacific) Limited are the Joint Global Coordinators, Joint Bookrunners, Joint Sponsors and Joint Lead Managers, according to a Mongolian Mining report.

Shares of MMC will commence dealing on the Main Board of The Stock Exchange of Hong Kong Limited at 9:30 am on October 13, 2010 (Wednesday). The Shares will be traded in board lots of 500 Shares under the stock code 975.