🕐01.12.10 - 23:54 Uhr

Haranga Resources Limited [HAR] - IPO closes early and oversubscribed



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Haranga Resources Limited [HAR] - IPO closes early and oversubscribed

EXPLORATION TO COMMENCE ON FIVE MONGOLIAN IRON ORE PROJECTS

Haranga Resources Limited is a Mongolia-focused iron ore exploration and development company.

On 9 November 2010, Haranga Resources lodged a Prospectus with the Australian Securities and Investments Commission (�ASIC�) regarding its Initial Public Offer (�IPO�) to raise $25 million and list on the Australian Stock Exchange (�ASX�).



The Company announces that:

� The Haranga Resources IPO has closed early and heavily oversubscribed
� The Company will list on the ASX in early to mid December 2010
� Drill rigs and geophysical survey crews booked for immediate commencement of exploration post IPO

Haranga Resources is the majority owner and operator of five highly prospective Mongolian iron ore projects.

Each project has the potential to host significant economic deposits of iron ore and is situated close to existing or proposed infrastructure in order to access the enormous market for iron ore in next door China.



Please see the attached press release for more.

For further information, please contact:

Dr Robert Wrixon
Managing Director
Haranga Resources Limited
Phone: (08) 9200 4415:
www.haranga.com

Media:
Luke Dean
Fortbridge Consulting
Phone: (02) 9331 0655
Mob: 0414 535 433
Email:

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