ARANJIN RESOURCES ANNOUNCES DRILLING PROGRAM AND RESIGNATION OF DIRECTOR ULAANBAATAR, MONGOLIA Februa ry 24, 2021 – Aranjin Resources Ltd. (TSX.V: ARJN) (the “Company” or “Aranjin”) is pleas ed to announce the commencement of drilling program at its Bayan
ARANJIN RESOURCES ANNOUNCES DRILLING PROGRAM AND RESIGNATION OF
DIRECTOR
ULAANBAATAR, MONGOLIA Februa ry 24, 2021 – Aranjin Resources Ltd. (TSX.V: ARJN) (the
“Company” or “Aranjin”) is pleas ed to announce the commencement of drilling program at its Bayan
Undur (“BU”) project.
Over $10m worth of historical drilling and associated analysis at the BU project has now been reviewed.
As a result of this analysis, the Company plans to start with one deep hole at a highly targeted area of the
BU project in April 2021. The BU project is located in the Bayan Undur soum of Bayankhongor province.
The Company owns a 100% interest in the BU project which consists of 4 mining licenses.
The ongoing restrictions related to the COVID 19 ha ve delayed progress on license acquisition but the
Company expects to have an activ e exploration program in 2021. We expect to have an update on the
pending acquisition of the Baruun Tal project in H1 2021.
Executive Chairman of Aranjin Resources Ltd, Ma tthew Wood commented, “We are very excited to
announce the commencement of the Spring drilling prog ram at our BU project in Mongolia. We also
continue to review several highly prospective licenses as we look to build our copper exploration portfolio
in Mongolia.”
Resignation of Director
The Company announces that Mr. Gi zman Abbas has resigned as a di rector of the Company. The
Company wishes to thank Mr. Abbas for his strong contributions and wise counsel throughout the years.
On behalf of the Board
Matthew Wood
Executive Chairman
Aranjin Resources Ltd.
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