ASX Release

7 January 2012

HARANGA RESOURCES LIMITED ACN 141 128 841

Level 1

33 Richardson Street

West Perth WA Australia

Tel: +61 8 9200 4415

Fax: +61 8 9200 4469

Contact:

Dr Robert Wrixon

Managing Director

E-mail:

admin@haranga.com

Directors: Matthew Wood Robert Wrixon

Erdene Tsengelbayar

Kerry Griffin

Timothy Flavel

Bat-Ochir Sukhbaatar Daniel Crennan Marshall Cooper

Issued Capital:

211.75 million shares

ASX Symbol: HAR

$6 Million Placement to Mongolian Investors Haranga Resources Limited has agreed to issue 30 million new shares and 15 million new options to a group of Mongolian investors, led by Mongolian businessman Mr. Amarbaatar Chultem.

The key terms of the Subscription Agreement are as follows: