Aspire Mining Limited announced significant investment proposal by Aspire's major shareholder, Mr. Tserenpuntsag Tserendamba. Upon completion of the Transaction, Mr. Achit-Erdene Darambazar (an existing Director of the Company who was nominated by Mr. Tserenpuntsag), will assume the role of Managing Director of the Company. It is also proposed that the Company's Board size be reduced from seven to five members.

To facilitate this restructure, Mr. Gan-Ochir Zunduisuren (Executive Director) and Mr. Alex Passmore (Non-Executive Director) have agreed to resign from the Board upon completion of the Transaction.