TEXT-S&P ratings - Mongolian Resources Corp.

(The following statement was released by the rating agency)

Oct 08 - =============================================================================== Ratings -- Mongolian Resources Corp. ------------------------------ 08-Oct-2012 =============================================================================== CREDIT RATING: B-/Stable/-- Country: Mongolia =============================================================================== Credit Rating History: Local currency Foreign currency 08-Oct-2012 B-/-- B-/-- =============================================================================== Issues: Rating Rating Date USD-denominated Sr Secd nts B- 08-Oct-2012 ((Bangalore Ratings Team, Hotline: +91 80 4135 5898, Bhanu.priya@thomsonreuters.com, Group id: BangaloreRatings@thomsonreuters.com, Reuters Messaging: Bhanu.Priya.reuters.com@reuters.net))