Company Aspire Mining Limited Australian S.E.

Aspire Mining Limited is an Australia-based coking coal resource development company. The Company is focused on developing metallurgical coal assets in Mongolia, principally its wholly owned Ovoot Coking Coal Project (OCCP). The Company owns 100% of the Ovoot Coking Coal Project and 90% of the Nuurstei Coking Coal Project in Mongolia. The Company is focused on engineering, permitting and financing the Ovoot Coking Coal Project to mine coking coal by open pit, wash it on site for trucking the washed coking coal to the Company-owned rail terminal facility in Erdenet for delivery to customers in China and Russia via the existing Mongolian rail network. The Ovoot Project area is located in north-western Mongolia. The Nuurstei project is capable of producing washed hard coking coal. The project is located approximately 10 kilometers (km) from Khuvsgul provincial capital of Moron and is approximately 160 km northeast of the Ovoot project.