AUSMON RESOURCES LIMITED — Capital/Financing Update 2011

Nov 28, 2011

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29 November 2011

Company Announcements Office ASX Limited

NEW VENTURE WITH JIANGSU DATANG INTERNATIONAL JINTAN IN CHINA

Ausmon Resources Limited ("Ausmon") is pleased to advise that it has entered into an agreement with Jiangsu Datang International Jintan ("Jiangsu") setting out the working arrangements for a joint development of a gas-fired thermoelectric co-generation power project ("Project") in Jiangsu Province in China to supply power to the Jintan Economic Development Zone.

The Project consists of the construction in two phases of a 1,000 MW gas fired thermoelectric co-generation power plant involving investments of RMB 4.5 billion (approximately A$ 700 million).

The Project also includes the construction of a natural gas pipeline to transport gas from the supplier to the power plant.

Ausmon through its business relationships will source gas supply for the Project and has carriage for the construction of the pipeline.

Both parties have agreed to proceed immediately with all the studies, approval procedures and other processes to implement the Project.

Ausmon will seek the approval of its shareholders prior to capital investment in the Project at the relevant time, by reason of its size and nature relative the company's current operations.

John Wang Director/Secretary

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AUSMON RESOURCES LIMITED ABN 88 134 358 964 Level 15, 370 Pitt Street, Sydney NSW 2000 Australia. PO BOX 20188 World Square, NSW 2002 Australia Tel: 61 2 9264 3100 Fax: 61 2 9264 0099 Email: office@ausmonresources.com.au www.ausmonresources.com.au ASX code: AOA