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
MANDARIN MINING PLC