MANDARIN MINING PLC
LSE : MANP

August 23, 2012 12:16 ET

Investment Update

MANDARIN MINING PLC

INVESTMENT UPDATE


Mandarin Mining plc ("the Company") wishes to announce that it has entered into 2 agreements:

1.      it  has  agreed  to purchase one (1) share of par value of USD1.00 in the capital of Cairo  Investments
        Limited ("Cairo") for USD1.00 resulting in the Company owning the entire share capital of Cairo, a  BVI
        company, which has no assets.

2.      Cairo has agreed to sell 300 shares in the capital of Rusinko Pte Ltd ("Rusinko") to Park Jae Hyun  for
        SGD1.00  resulting  in  Cairo  and  the Company no longer having any direct  or  indirect  interest  in
        Rusinko.

The Company is of the view that the business of Rusinko has not proceeded as the Company had expected.

Further,  the  Company was recently informed that Mr Vasily Kobiakov (who is the main inventor  of  the  device
described in the Patent - please refer to the RNS dated 13 February 2012) passed away unexpectedly recently.

In  the  circumstances,  the Company feels that it is in its best interest to withdraw  from  the  business  of
Rusinko totally.

The Directors of the Company accept responsibility for this announcement.


FOR FURTHER INFORMATION PLEASE CONTACT:


Fook Meng Chan
Mandarin Mining plc
Tel:  +65 6236 2985


Nick Michaels
Alfred Henry Corporate Finance Limited
www.alfredhenry.com
Tel: +44 (0) 20 7251 3762 


23 August 2012

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