Ulaanbaatar, Mongolia, January 24 (via BDSec website) - Sharyn Gol JSC ("Sharyn Gol") (SHG:MO) is pleased to announce that the Mineral Authority of Mongolia (MRAM), has approved a newly revised mineral reserve of 146.3 million tonne at the Company^s flagship thermal coal project in northern Mongolia. The reserve is fully compliant with the Mongolian Mineral Reserve Reporting Standard and registered with the Mongolian Mineral Reserve Fund . This more than doubles Sharyn Gol^s previous reserve estimate, and follows on from the 2010 drilling program, which established a 374 million tonne, largely measured and indicated, JORC Compliant Resource, of sub-bituminous thermal coal at the site. The Company is also pleased to announce that Mr. Graham Chapman has been appointed to the board of directors of the company, following the resignation of Mr. Ian Spence. Mr. Chapman, a British citizen, is also currently the Chief Executive Officer of Hulaan Coal Corporation, a private Canadian company developing coal projects in Mongolia. Mr. Chapman has over 30 years of experience in the coal industry and business development and was formerly a Vice President of Strategy at BHP Billiton. Chairman Batkhuu Batmunkh added "The newly approved reserve is a significant landmark in the redevelopment of Sharyn Gol. Also, we are delighted to add someone of Graham^s calibre and experience to our Board, and his expertise will prove to be invaluable as we continue with our modernization program at the operation."