LONDON,26MARCH2014-- Sierra Gorda SCM (“Sierra Gorda”) and Wogen Resources Limited (“Wogen”) are pleased to announce that they have entered into an exclusive multi-year Distribution Agreement (“Agreement”). Under the terms of the Agreement, Wogen will exclusively distribute Sierra Gorda’s molybdenum products to Taiwan, South Korea, Thailand, Singapore, Malaysia, Indonesia, Eastern Europe, Turkey and the Middle East. Wogen will also be a non-exclusive partner in China.

　　Kevin Pritchett, Head of Molybdenum Sales & Marketing for KGHM International, the operator of Sierra Gorda, said, “We are pleased to have entered into an Agreement with Wogen, whose breadth of knowledge and experience will assist us in our strategy to deliver world-class products and services to steel and alloy companies in these important regions.”

　　Damian Brousse, Managing Director of Wogen, said, “We are delighted to enter into this partnership with Sierra Gorda, a world class deposit that will be providinga significant global supply of molybdenum. Wogen has been supplying non-ferrous metals to the global markets for more than 40 yearsand we look forward to working with Sierra Gorda toprovide a new and competitive source of molybdenum to consumers in the Far East, Middle East, and Eastern Europe markets.”

　　About Sierra Gorda

　　The Sierra Gorda project is a joint venture between KGHM International Ltd., Sumitomo Metal Mining and Sumitomo Corporation. Located less than 4 kilometers from the town of Sierra Gorda, in Region II, Northern Chile, the project is nearing the end of the pre-stripping phase in preparation for production in 2014. Estimated production from current reserves average 483 million pounds of copper, 25 million pounds of molybdenum and 64,000 ounces of gold per year for the life of mine.

　　About Wogen

　　Wogen was established in 1972 as a mineral and metal trading company with a strong China focus and has grown into one of the most diversified suppliers of high-value raw materials to the non-ferrous and steel industries worldwide. Headquartered in London, Wogen has a worldwide trading, agency and distribution network and is represented in mainland China, Hong Kong, Russia, Ukraine, Turkey, Spain, South Africa, Vietnam and Brazil.