Undur Tolgoi Minerals Inc.
CNSX : UTM

Undur Tolgoi Minerals Inc.

February 22, 2012 11:47 ET

Undur Tolgoi Announces Commencement of Winter Work Program Over Mongolia Property

ULAANBAATAR, MONGOLIA--(Marketwire - Feb. 22, 2012) - Undur Tolgoi Minerals Inc. ("UTM" or the "Company") (CNSX:UTM) is pleased to announce the commencement of its winter work program as originally announced by the Company in its January 30, 2012 press release.

On February 18, 2012, the exploration team led by our senior geologist arrived on site to initiate the work program.

The team expects to deliver in excess of 1,500 soil samples to an accredited laboratory in Ulaanbaatar, Mongolia within the next few weeks. Results from the laboratory's sample analysis are expected by mid May 2012.

UTM's Chairman, Mr James Passin stated, "We are delighted with the rapid start on what promises to be a highly informative survey and analysis covering our entire property. This initial exploration phase will provide the Company with valuable information for our ongoing exploration of this large and potentially significant geological asset."

UTM is a mineral exploration company entirely focused on Mongolia, owning, through its wholly owned subsidiaries, 100% of the "Undur Tolgoi" mineral exploration license. This license consists of 9,620 hectares of property situated 100 kilometers from the world-scale "Oyu Tolgoi" copper and gold mine. In addition, UTM's management is actively reviewing potential acquisitions and strategic industry alliances.

Disclaimer for Forward-Looking Information

Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.

Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties.

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

Contact Information

  • Don Padgett
    President and CEO
    604 689-1515 ext 104

    Sabino Di Paola
    Chief Financial Officer
    1-888-834-7708