Uranium Investing News

Overview

Red Hill Energy Ltd. is a leading developer of energy projects inside Mongolia, a country fast becoming internationally recognized for its uranium and coal development potential. Red Hill Energy is Canadian based (Vancouver BC); the strength of its Mongolian uranium projects caught the attention of Mega Uranium Ltd. in mid 2005 and a strategic alliance was soon formed. Red Hill operates and manages the 219,862 hectares of uranium ground under control by the alliance. The properties are held in 12 uranium licenses all located in the central and eastern portions of Mongolia where during the Cold War, the Soviet Union made numerous uranium discoveries. Several seasons of advanced surface programs, which included geophysics and extensive sampling have brought Red Hill to its current drill programs stage on several uranium properties. Drilling will test numerous uranium anomalies and conductors this season.

Red Hill Energy also holds a 100% interest in two very large, high-quality coal resource properties inside Mongolia. Red Hill continues to advance the largest of these projects to production. This project continues to generate significant third party interest from multinational coal corporations.

Chief Properties

Emeelt Uranium Project

The Emeelt property includes 6,082 hectares of uranium-bearing felsic volcanic and crystalline basement terrane located in southeastern Mongolia, about 350 kilometres from Mongolia’s capital Ulaanbataar.

Multiple areas of strong uranium clustered anomalies were discovered from gamma-spectrometer and radon surveys done earlier this year and are related to the NE-SW trending Mongolian, Ulaan Nuur Fault zone. Geophysics targets are being drill tested as to the possible source of the surface uranium which may represent leakage along faults and fractures of significant uranium accumulations at depth. A minimum 1,200-meter diamond drill program with at least 6 drill holes, each 100 to 300m in depth is now underway to test each of the promising anomaly clusters.

Other uranium properties will also be drilled this year in addition to continued advancement and expansion drilling on the company’s very advanced Mongolian coal projects.

Management

Ranjeet Sundher — Managing Director and President
Mr. Sundher Co- founded of Red Hill Energy in 2001 and brings 10 years experience in the brokerage business and 12 years of working with publicly traded companies to Red Hill Energy. Based in Singapore he is also the founder of Canrim ventures a Singapore based Venture capital firm that specializes in raising money for international exploration and development projects. Mr. Sundher specialties are project acquisition, financing and development.

G. Arnold Armstrong — Director, CEO and Chairman
Mr. Armstrong holds a bachelor of law and was called to the British Columbia bar in 1950 and continues to practice corporate and commercial law.

Mr. Armstrong has been an officer and director of diverse reporting issuers since 1964, and is presently an officer and director of the following issuers: Ivory Oils & Minerals Inc., Red Hill Energy Inc., Doublestar Resources Ltd., and International Enexco Ltd. Mr Armstrong is also a director officer and major shareholder of View Mont Estates ltd, Panorama Origins Inc, Armada Investments ltd, and Coral investments ltd. All of which are engaged in land development in British Columbia and elsewhere.

Mr Armstrong is the past chairman of and Chief Executive Officer of SKN Resources (now Silvercorp Metals Inc.); The past president of Ivory Oil and Minerals Inc. (now Ivory energy Inc.); Chairman and Chief Executive officer and last president of UGL Enterprises (now Red Hill Energy Inc.); all of which are British Columbia Mining corporations.

Mel Klohn, LPGeo, BSc, MSc Geology — Director
Mel Klohn is a Washington State Licensed Geologist who is also a member of the SEG (Society of Economic Geologists), the SME (Society for Mining, Metallurgy and Exploration) and the CIM (Canadian Institute of Mining, Metallurgy and Petroleum), and is an independent QP (Qualified Person) as defined by Canadian National Instrument 43-101. Mr. Klohn’s Work experience includes 10 years as Project Manager and Exploration, Vice President for Yamana Gold Inc, and 25 years for Exxon. At Exxon he worked in a variety of positions including Senior Research Specialist, Senior Staff Geologist and Senior Exploration Geologist. Mr. Klohn currently serves as a senior-level consultant for various mid-tier and junior company clients for gold, polymetallic, and energy fuel deposits throughout the world including North, Central, and South America and Asia.

Dan Frederickson — Director and Chief Financial Officer
Mr. Frederickson holds a Bachelor of Business Administration from Simon Fraser University and is a Chartered Accountant with the ICABC, a Certified Public Accountant through the University of Illinois and a Chartered Financial Analyst with CFAI. Mr. Frederickson has 8 years experience in public accounting and controllership, and has served as a board member and officer for several Canadian companies, both private and public; including Red Hill Energy and Ivory Energy Inc. Mr. Frederickson is an independent contractor of Enexco providing management services. Mr. Frederickson has been a financial controller with Armada Investments Ltd. since 1999, and has acted as controller and Chief Financial Officer of Enexco since 1999.

Paul McKenzie — Director
Mr. McKenzie has over 15 years experience working with Canadian resource companies and with Canadian brokerage firms. He has a successful history of acquiring, financing and developing international mineral and energy projects in North and South America and Asia. Mr. McKenzie is also a Director of Red Hill Energy Which is currently developing a world class Coal deposit in Mongolia.

J. Garry Clark — (P. Geo) Director
Garry Clark is the Executive Director of the Ontario Prospectors Association (OPA). Garry has been a Director, Vice President or President of the OPA since its’ formation in the early 1990. Mr. Clark also serves on various committees and boards that support the mineral explorers of the Province. Some of these include the Minister of Mines Mining Act Advisory Committee and Ontario Geological Survey Advisory Board. Mr. Clark has held various exploration Geological positions with Major and Junior explorers. In the late 1980’s Garry began his consulting career. He continues to consult with projects across Ontario and overseas.

Glenn S. Griesbach (P. Geo) — VP of Project Development
Mr. Griesbach has over 25 years of international experience in mineral exploration and development. Mr. Griesbach began his career at the Nickel Plate mine in British Columbia in 1981 and was later instrumental in the development of the Normetmar copper-zinc mine in Quebec. He has worked with several mineral exploration companies and producers, including Cominco Ltd., Falconbridge Ltd., and with Barrick Gold Corporation. In 1980, Mr. Griesbach was employed by AGIP Canada Ltd. to explore for uranium in the Northwest Territories. Mr. Griesbach has managed numerous exploration programs throughout Canada, Indonesia, Iran and Mongolia and Northern and Southern China.

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