Deutsche Rohstoff AG to Take up Gold Production in Mongolia

Deutsche Rohstoff AG (DRAG) has extended its activities to Mongolia. To such end, the Group has entered into a contract with the Mongolian company T&T Unix (T&T). T&T holds the rights to two gold deposits located in the Province of Bayankhongor accumulating total explored resources of 12,000 ounces of gold. The repositories contain so-called alluvial or placer gold which may be panned fully mechanically from the sediments. The two gold deposits are projected for mining in 2011 and 2012.