Alamar Resources Ltd is a company formed to explore for and develop mineral resources. The Company is focussed on its Western Australian Mandilla Well and Aragon Joint Venture gold project, located in the highly prospective Yandal greenstone belt which hosts major gold deposits such as Bronzewing, Nimary – Jundee and Mt McClure.  The Company is also applying for Uranium exploration ground in Western Australia.  The Company is listed on the Australian Securities Exchange.

The directors of Alamar Resources Limited (ASX Code ALG, “Alamar”, or the “Company”) are pleased to announce the Company has settled the agreement to acquire 100% of MRCMGL LLC (“Mongolian Resource Company” or “MRC”).  The Company raised $10,000,000 as part of this transaction.  The directors of Alamar believe that the MRC business provides an attractive opportunity to complement the current assets and strategies of Alamar. To date, Alamar has entered into direct tenement acquisitions and joint ventures to explore for natural resources, namely Gold and other base metals such as Copper and Uranium. The proposed acquisition strategy of MRC is considered in line with Alamar current strategy.  Please refer to ASX annoucements for more information.