Aspire Mining Limited is focused on developing metallurgical coal assets in Mongolia, principally its wholly owned Ovoot Coking Coal Project (OCCP). The Company is pleased to advise that with the support of the local community, approval has been received for a short exploration and water drilling program within the Ovoot mining license (MV-017098). This work is being conducted in accordance with an Exploration Plan approved by the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) and an Environmental Protection Plan approved by soum (council) and aimag (province) authorities administered under the Ministry of Nature, Environment and Tourism (MNET).

Importantly, this program is progressing because of support from the community to see the Ovoot Project developed at the local level. Community support for development of the OCCP has been strengthened in recent years, on basis of the Company demonstrating commitment to supporting nearby residents maintain their traditional livelihoods whilst also providing additional vocational and educational opportunities. The approved Exploration Plan comprises 9 holes for a total of 1,200 metres and is budgeted to cost USD 500,000 including laboratory and technical analysis.

This Exploration Plan is an important component for completing the OCCP Definitive Feasibility Study and includes: Obtaining fresh coal samples for: o washability testing coal scheduled to be produced during initial years of production; and o representative samples for independent expert review, and for marketing samples to potential customers. Conducting hydrogeological testing for the Starter Pit; and · Obtaining geotechnical samples to optimize the pit wall slope angle within the Starter Pit.