Aspire Mining Limited provided the following update on progress of the Ovoot Early Development Project (OEDP). The OEDP comprises an open pit development of the Ovoot Coking Coal Project and trucking up to 4 million tonnes per annum of washed coking coal along a 560 kilometre special purpose road through to the nearest rail head at Erdenet. This road will have two important benefits for the local communities along its path: It will allow for a 200 km sealed road connection between the Mogoin Gol community (adjacent to Ovoot) and the Khuvsgul capital of Murun. It will ensure that coal transport from Murun to Erdenet will be along the purpose-built road, removing truck traffic from an existing sealed road which is dedicated to local and tourist traffic between the two cities. The Mogoin Gol to Erdenet road alignment was studied by the Khuvsgul airmag government and it has now been included in that airmag's 2030 Road Development Plan. This approval now allows for community engagement with each of the soums along the path to gain final Ministry approval for the alignment and completion of the definitive engineering study. The Company is continuing with a productive engagement with the local Tsetserleg soum Government and communities where the Ovoot Project is located in order to gain the necessary approvals to progress the OEDP Definitive Feasibility Study. A key approval is to be received from the Ministry of Environment for the DEIA which includes local stakeholder information sharing and engagement, flora and fauna surveys, ethnological surveys and social impact assessments. Management and mitigation plans for the OEDP will be submitted in the approvals process. The scope of the DEIA will address all ten of the International Finance Corporation's ("IFC") "Equator Principles" for responsible and sustainable resource developments. This will satisfy funding conditions from international commercial and multi-lateral banks. The Company is targeting the June 2020 Quarter for the DEIA completion. Aspire continues to be a positive contributor to local communities, including a recent supply of 80 tonnes of feed at the request of local government for local herder communities which have received large snowfalls this year, resulting in significant livestock losses through lack of feed.