Aspire Mining Limited (ASX:AKM) Management Updat

Aspire Mining Limited (ASX:AKM) is pleased to announce the formal appointment of Mr Barsbold Tserenpuntsag ("Barsaa") as the Company's Chief Geologist.

Barsaa, who is credited with the discovery of Aspire's world-class Ovoot Coking Coal Project ("Ovoot") in northern Mongolia, was previously contracted by Aspire on a part time basis.

Barsaa will help oversee the current exploration programme at Ovoot and will be responsible for identifying potential for new coking coal discoveries in northern Mongolia.

Earlier this month, by order of Mr Zorigt D., Minister of Mineral Resources and Energy in Mongolia, Barsaa was awarded the Geologist Medal for 2011, in recognition for his outstanding contribution in the development of the Mongolian geological sector.

In 2008, Barsaa planned and executed the initial Ovoot exploration programme that made the initial discovery holes. The programme was conducted by a Mongolian syndicate, the members of which are now significant Aspire shareholders.

Barsaa also had significant involvement in Aspire's 2010 exploration programme, which culminated in the establishment of Ovoot's maiden 330.7 million tonne JORC-Compliant Resource.

Barsaa will report to Aspire's Exploration Manager, Mr Iestyn Broomfield.

Appointment of General Manager, Marketing

Aspire is also pleased to announce the appointment of Mr Scott Southwood to the role of General Manager, Marketing.

A qualified process engineer, Mr Southwood has significant coal industry experience, beginning his career at Kembla Coal & Coke Pty Ltd in Wollongong NSW before moving into coal marketing and logistics roles with Shell and Anglo Coal. For the last eight years, he has been employed by Ensham Coal where he was responsible for coking and thermal coal sales into North Asia.

Scott will be responsible for marketing Ovoot Coking Coal to global markets and working on rail and port capacities.

Scott will be based in the Aspire marketing office in Brisbane, Queensland, and will report to the Managing Director.

About Aspire Mining Limited:

Aspire Mining Limited (ASX:AKM) owns 100% of the Ovoot Coking Coal Project in northern Mongolia which, in 2010, announced a maiden 330 million tonne resource (93.3mt Measured, 182.4mt Indicated, and 55.0mt Inferred). Aspire is currently targeting resource upgrades at Ovoot, as well as progressing development of key infrastructure including access to rail.

Contact:Corporate David Paull Managing Director Aspire Mining Limited Tel: +61-8-9381-1995


Aspire Mining Limited


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