Noble Group (SIN:N21) Makes Further Investment In Aspire Mining Limited (ASX:AKM)

Perth, Mar 22, 2011 AEST (ABN Newswire) - Aspire Mining Limited (ASX:AKM) (PINK:ASPXF) has been notified that commodity trading house Noble Group (SIN:N21) (PINK:NOBGF) has agreed to acquire a further 18 million shares in Aspire from Mongolian shareholders representing the vendors of Aspire's Ovoot Coking Coal Project.

The share sale represents 3.36% of the current issued capital of the Company, which will give Noble an 8.6% undiluted interest in the Company.

Aspire welcomes the continued interest and investment in the Company by Noble.

The block of 18 million shares subject to sale by the Mongolian vendors to Noble represents just 10% of the vendors' holdings. Aspire looks forward to continuing its good relationship with the vendors.

Aspire has received confirmation from the Mongolian vendors that they do not intend to sell additional shares at this time.

Contact

David Paull Managing Director Aspire Mining Limited Tel: +61-8-9381-1995 Email: info@aspiremininglimited.com http://www.aspiremininglimited.com