Mongolia is not facing a fuel shortage; it will import diesel fuel from South Korea www.open.kg

The Secretary of State of the Ministry of Industry and Mineral Resources of Mongolia, Dashpurev Buriad, held a press conference where he discussed the fuel situation. He assured that during the Naadam celebration, the prices for AI-92 gasoline and diesel fuel will remain stable, and no supply disruptions are expected.

After Naadam, a meeting of the Joint Council on Prices and Supplies is planned, where the possibility of increasing the price of AI-92 gasoline will be considered, while the price of diesel fuel may be revised downwards, noted Buriad.

Dashpurev Buriad
Buriad also reported on the difficult situation with disruptions and shortages in Russia, but noted that this does not affect Mongolia, as the parties continue to work within the agreed conditions. He added that enterprises capable of importing products from China have already placed orders, and agreements for importing diesel fuel from the Republic of Korea are in the process of being fulfilled.

Additionally, the Mongolian side has reached agreements with Chinese companies PetroChina and China Oil for the purchase of petroleum products. It is expected that there will be no problems with price increases or supply shortages in the near future. Before the press conference, Buriad held meetings with business representatives who confirmed the absence of issues with logistics and resource shortages.

China Grants Military Equipment to Mongolia www.montsame.mn

Within the framework of the Comprehensive Strategic Partnership and defense sector cooperation between Mongolia and the People's Republic of China (PRC), the Ministry of Defense of Mongolia has officially received military grant equipment provided by the Ministry of National Defense of the PRC.

As part of this assistance, passenger buses were handed over to the Mongolian side. The vehicles are intended to improve the operations and personnel transportation conditions of the units and organizations under the Ministry of Defense, as well as to ensure daily readiness.

During the handover ceremony, the Minister of Defense of Mongolia, Batlut Damba, delivered remarks, noting that under the leadership of the two countries' Heads of State, the Comprehensive Strategic Partnership is actively developing across all sectors. He emphasized that the recent 2026 visits by Prime Minister Uchral Nyam-Osor and Deputy Prime Minister Nomtoibayar Nyamtaishir to China, alongside the visits by Chinese Foreign Minister Wang Yi and Vice Foreign Minister Sun Weidong to Mongolia, clearly demonstrate the special importance both sides attach to their bilateral relations.

Minister Batlut also highlighted that the recently co-organized "Steppe Partner 2026" joint army training exercise played a vital role in strengthening mutual trust and regional peace. He expressed his sincere gratitude for the military grant provided by the Chinese Ministry of National Defense, stating that it serves as tangible support for strengthening the capacity and upgrading the equipment of the Mongolian Armed Forces.

Both parties emphasized that the event holds great significance in further deepening the friendly relations and mutual trust between the two nations.

According to the General Staff of the Mongolian Armed Forces, the ceremony was attended by the Ambassador of the PRC to Mongolia Shen Minjuan, Defense Attaché Senior Colonel Zhang Xiuliang, and other officials and leadership from the defense sectors of both countries.

Enkh-Od.G

Mongolia, Vietnam to expand economic cooperation www.english.vov.vn

VOV.VN - Vietnam and Mongolia are looking to further deepen their Comprehensive Partnership by expanding cooperation in trade, investment and people-to-people exchanges, Party General Secretary and State President To Lam said while receiving newly appointed Mongolian Ambassador Ganbaatar Hulan.

Welcoming Ambassador Hulan, who presented her credentials on July 6, he expressed confidence that her experience and commitment would contribute to promoting the Comprehensive Partnership between the two countries in a more substantive and effective manner.

The Vietnamese leader noted with satisfaction the growing bilateral relationship, stressing that Vietnam and Mongolia share a long-standing traditional friendship nurtured by President Ho Chi Minh and generations of leaders of both countries.

He reaffirmed Vietnam's appreciation for the valuable support extended by the Mongolian Government and people during Vietnam's struggle for national independence and reunification, as well as in its current development efforts.

Reaffirming that Vietnam consistently values its relationship with Mongolia, Party General Secretary and State President To Lam said Hanoi stands ready to work closely with Ulaanbaatar to further deepen the Comprehensive Partnership in line with the shared vision of the two countries' senior leaders and for the benefit of both peoples.

He called for stronger cooperation through Party, Government and parliamentary channels, while promoting collaboration in diplomacy, defence, security, justice and legal affairs.

He also emphasised the importance of strengthening economic, trade and investment cooperation by encouraging greater business connectivity and effectively implementing bilateral agreements.

The Vietnamese leader proposed that the two countries convene the 20th meeting of the Vietnam–Mongolia Intergovernmental Committee on Economic, Trade and Scientific-Technical Cooperation in Mongolia at an early date and called on the Mongolian side to continue creating favourable conditions for Vietnamese enterprises investing or planning to invest in Mongolia.

He further encouraged expanded cooperation in culture, education, tourism, locality-to-locality partnerships and people-to-people exchanges to deepen mutual understanding between the two nations.

For her part, Ambassador Hulan conveyed President Ukhnaa Khurelsukh's greetings to Party General Secretary and State President To Lam and other senior Vietnamese leaders, congratulating Vietnam on its impressive socio-economic achievements and rapid economic growth under the leadership of the Communist Party of Vietnam.

She reaffirmed that Mongolia highly values its relationship with Vietnam, describing Vietnam as Mongolia's "third neighbour" and one of its most important comprehensive partners in Southeast Asia.

The ambassador pledged to work closely with Vietnamese partners to further strengthen bilateral cooperation across all sectors. She expressed her hope that Vietnamese leaders, ministries, agencies and localities would continue supporting her mission to advance the Comprehensive Partnership in a more practical and effective manner.

Jigjidsuren Chinburen: Delivering World-Class Cancer Care Services in Mongolia www.oncodaily.com

Jigjidsuren Chinburen, Minister of Health of Mongolia, shared a post on Facebook:

“A New Chapter in Collaborative Efforts to Deliver World-Class Cancer Care Services in Mongolia

Let me share some wonderful news with all of you.

Today, our team at the National Center for Cancer Research (NCCR) met with the leadership of the National Cancer Center of the Republic of Korea (NCC). The meeting included Dr. Han Kwang-Young, the director, professor, and doctor of the NCC, to discuss the National Cancer Research Center-II project, which Mongolia plans to establish. We explored collaboration frameworks based on the NCC’s development model to jointly advance this project and elevate our long-term strategic partnership to a new level.

Our vision is to develop the National Cancer Research Center-II not just as a modern medical facility but as a comprehensive national hub that integrates:

- Advanced treatment
- Research and innovation
- Education and training
- National cancer registry
- Early detection and prevention
- Policy development
- International collaboration

South Korea stands today as a global leader in cancer care. Despite high rates of stomach cancer, the country has achieved one of the lowest mortality rates worldwide thanks to its national early detection programs and high-quality treatment systems. Additionally, South Korea ranks among the top countries globally for five-year survival rates in colorectal and breast cancer, a testament to the effectiveness of its healthcare model.

Mongolia aspires to learn from this success and ensure its citizens receive world-class cancer care and services at home.

The foundation of our collaboration was laid in 2012, when we signed a Memorandum of Understanding (MoU). Over the years, dozens of Mongolian doctors and specialists have trained in South Korea, and cutting-edge technologies and treatment methods have been introduced in Mongolia – strengthening the partnership between our two nations in cancer care.

Fourteen years later, we are taking this collaboration to the next level. Today, we officially agreed to sign an updated MoU on July 9, 2026, in Mongolia. This milestone will be realized during the state visit of South Korean President Yoon Suk-yeol to Mongolia, marking a new era in strategic health sector collaboration between our two countries.

This partnership is not just about expanding collaboration between our institutions – it is a historic step toward:

• Elevating Mongolia’s cancer care and treatment systems to international standards.
• Laying the groundwork for the National Cancer Research Center-II project together.

Our shared goal is clear: To ensure that every Mongolian can access world-class cancer diagnosis, early detection, and cutting-edge treatment within their own country. Together, we are committed to making this vision a reality.

Foreign Ministers of Mongolia and Guatemala hold talks www.akipress.com

AKIPRESS.COM - Minister of Foreign Affairs of Mongolia Battsetseg Batmunkh and Foreign Minister of Guatemala Carlos Ramiro Martinez held official talks on July 3 to discuss bilateral relations, cooperation, and regional and international issues of mutual interest, Montsame reported.

The meeting marks the first official visit by a Guatemalan Foreign Minister to Mongolia since the two nations established diplomatic relations 20 years ago. Minister Battsetseg emphasized that the visit opens a new chapter in the history of bilateral ties.

Battsetseg stated that Mongolia aims to expand relations and cooperation with Latin American nations within the framework of its "third neighbor" foreign policy, noting that Mongolia highly values Guatemala as a key partner in Central America.

Minister Martínez expressed gratitude for the warm hospitality and expressed confidence that the visit would elevate bilateral cooperation and strengthen mutual trust. He noted that Guatemala is actively seeking to boost engagement with Asian nations, particularly Mongolia, and emphasized that the appointment of Guatemala's non-resident Ambassador to Mongolia demonstrates this commitment. Guatemala also aims to utilize its ties with Mongolia to broaden its reach into Asia.

During the talks, both Ministers commended the successful organization of the inaugural political consultative meeting between their respective Ministries in Ulaanbaatar. They reaffirmed commitments to boost cooperation across trade, economy, education, culture, humanities, and tourism.

In particular, the two sides agreed to jointly explore trade synergies between Mongolia's growing coffee market and Guatemala's world-renowned Arabica coffee industry, as well as sharing Mongolia's high-quality cashmere and textile expertise with Guatemala's rapidly expanding textile industry.

Highlighting the broad potential for expanding bilateral cooperation across numerous sectors, Minister Battsetseg proposed sharing Mongolia's experience in digital transformation and e-governance, promoting collaboration in startups, innovation, and digital commerce to overcome geographical barriers.

The two sides agreed to pursue mutually beneficial bilateral and tripartite cooperation by leveraging Guatemala's existing economic and preferential trade framework established with Asia countries.

Minister Martínez emphasized the importance of fostering direct connections between businesses and strengthening partnerships between the chambers of commerce of both nations.

The Ministers agreed to expand academic, archaeological, and historical research collaborations. Guatemala also expressed interest in learning from the marketing strategies of Mongolia's "Go Mongolia" national tourism branding initiative.

The meeting concluded with the signing of a Memorandum of Understanding on Research Cooperation between the Ministry of Foreign Affairs of Mongolia and the Ministry of Foreign Affairs of Guatemala. The two sides reaffirmed their commitment to mutually supporting each other's proposals and initiatives at the international and regional levels, and to continuing active cooperation within the international organizations.

Additionally, Minister Battsetseg invited the Guatemalan delegation to participate in the upcoming 17th Conference of the Parties (COP17) to the UN Convention to Combat Desertification and the Global Forum of Women Parliamentarians, both to be held in Ulaanbaatar. The two sides also pledged continued cooperation within the Forum for East Asia-Latin America Cooperation (FEALAC).

Silver Elephant Leases Ulaan Ovoo Coal Mine in Mongolia to Major Mining and Industrial Conglomerate www.newsfilecorp.com

Vancouver, British Columbia (Newsfile Corp. - July 6, 2026) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") is pleased to announce that the Company's wholly owned Mongolian subsidiary has executed a lease agreement (the "Lease") with an arms-length major Mongolian mining and industrial conglomerate (the "Lessee"). Under the Lease, the Lessee will extract coal from Silver Elephant's Ulaan Ovoo coal mine ("Ulaan Ovoo") and pay the Company a royalty of US$2 for every tonne of coal removed from the Ulaan Ovoo coal mine site during the first two years of the Lease. The royalty increases to US$3 per tonne from January 1, 2028. The Lessee intends to blend thermal coal produced from Ulaan Ovoo, which has historically exhibited low ash and sulphur content, with its higher-rank coking coal for sale to a variety of international and domestic customers, including steel mills in China, Mongolia's cement plants, metallurgical plants, metals concentrate and smelter operations, and heat and electric plants. The Ulaan Ovoo coal mine is subject to an underlying royalty in favor of Oracle Commodity Holding Corp. as reported in the Company's news release dated August 29, 2025.

About the Lease

The Lessee has paid Silver Elephant US$300,000 in cash as a non-refundable advance royalty fee on Lease signing and is preparing, at its own and sole expense, to operate the Ulaan Ovoo coal mine and associated infrastructure with its own equipment, supplies, housing and crew. The Lessee will pay all government taxes and royalties related to its mining operation at Ulaan Ovoo.

The Lease expires on December 31, 2031, unless terminated earlier in accordance with the Lease terms, and may be extended with the mutual consent of the parties. A non-refundable annual advance royalty fee of US$200,000 is payable by the Lessee after the 1st year of the Lease.

Each annual advance royalty fee is credited towards the Lessee's royalty obligations for the corresponding year. Based on the Lessee's internal sales forecast, the Lessee expects annual coal production from Ulaan Ovoo to range between 300,000 and 1,000,000 tonnes. Silver Elephant retains full oversight of Ulaan Ovoo coal mining operations, including site access rights and owner-operated weighbridge verification of all coal transport volumes.

About Ulaan Ovoo Coal Mine

Ulaan Ovoo is located in northern Mongolia, 120 km by paved road from Mongolia's Sukhbaatar railway station, which connects to the Trans-Siberian railway network. Historical production from Ulaan Ovoo totals approximately 1,000,000 tonnes of coal since 2012, which has been sold to international and Mongolian customers.

Historical mining operations at Ulaan Ovoo have achieved an average strip ratio of approximately 1.8 bank cubic meters of waste per tonne of coal. Historical production has yielded coal averaging approximately 5,000 kcal/kg gross calorific value, with sulphur content of less than 1% and ash content of approximately 8%, characteristics that are generally suitable for power generation, cement production and industrial heat boiler applications. According to the 2010 NI 43-101 Prefeasibility Study prepared by Wardrop Engineering (Tetra Tech), the Ulaan Ovoo Project contains an estimated 174 Mt of Measured Coal Resources and 34 Mt of Indicated Coal Resources.

Qualified Person

The technical content of this news release has been prepared under the supervision of Carlos Zamora, a member of the American Institute of Professional Geologists (AIPG) and a Certified Professional Geologist (CPG) since 2024, who is an employee of the Company and is not considered independent. Mr. Zamora is a qualified person as defined by National Instrument 43-101. The Qualified Person has reviewed and verified the data disclosed herein, including sampling, analytical and test data, and considers it to be reliable for the purposes of this disclosure.

About Silver Elephant Mining Corp.

Silver Elephant is a mineral exploration company that optioned the Robinson-Lasher zinc-germanium-gallium project in Kentucky located near a proposed US$7.4 billion smelter. The Company also operates the Apuradita silver project in Bolivia.

Further information on Silver Elephant can be found at www.silverelef.com.

SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD

"John Lee"
CEO and Executive Chairman

For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
info@silverelef.com
www.silverelef.com

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information.

Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.

Source: Silver Elephant Mining Corp.

Eurasian Economic Commission, Mongolia Discuss Interim Trade Agreement Protocols www.russiaspivottoasia.com

Mikhail Cherekaev, the deputy director of the trade policy department of the Eurasian Economic Commission, took part in the ‘Financial and Trade Cooperation Instruments for Mongolia and Eurasia Cooperation’ session of the Mongolia to Eurasia Strategic Dialogue last Friday (July 3).

Questions regarding the development and deepening of trade and economic cooperation between the countries of the Eurasian Economic Union and Mongolia after the entry into force of the Interim Trade Agreement were discussed. Representatives of business circles of the states of the Eurasian Economic Union, Mongolia, and the National Chamber of Commerce and Industry of Mongolia, as well as invited experts, took part in the event.

Cherekaev informed the participants of the meeting about the benefits created by the Interim Trade Agreement, as well as about the activities carried out by the parties to the agreement to unlock the potential of trade between the countries of the Eurasian Economic Union and Mongolia.

He said that “We aim to ensure that the implementation of the Interim Trade Agreement with Mongolia is carried out effectively from the first day of its entry into force. In this regard, we conduct relevant work both within the Eurasian Economic Union and in cooperation with the Mongolian side. We have already agreed on holding specific activities and intend to implement a number of projects in various areas of cooperation.”

The Interim Trade Agreement will enter into force on 22 July. From the moment the Agreement enters into force, customs duties will be zeroed or reduced for each party in respect of 367 commodity subheadings. The agreement is concluded for 3 years with the possibility of automatic extension of validity for another three-year period.

Parliament approves historic revisions to Mongolia's family law www.gogo.mn

The Parliament of Mongolia has officially approved comprehensive revisions to the Law on Family and the Law on Family Court Proceedings, marking the first fundamental update to the legislation in 27 years. With overwhelming majority support from parliament members, the passage of these sweeping reforms resolves a decade-long legislative deadlock following multiple failed attempts to update the law in 2014, 2018, 2019, and 2023.

Since its original enactment in 1999, the outdated Family Law has struggled to adequately address the complexities of modern domestic relations, frequently leaving vulnerable demographics, particularly women and children, without sufficient legal protection. Recognizing these prolonged difficulties, lawmakers prioritized the current revisions to elevate Mongolia's family legal framework to international standards. The comprehensive updates are scheduled to take full effect by November 2025.

The newly adopted legislation firmly establishes the rights and best interests of the child as the core principle of all family relations. It introduces a wide array of modernized legal protections, including a unified methodology for determining child support, stricter penalties for payment evasion, and clearer regulations regarding divorce, cohabitation property, and marriage contracts. Furthermore, the law establishes formal premarital education, protects national genealogical records, and legally recognizes assisted reproductive technologies, ensuring a robust, contemporary legal system for all Mongolian families.

By E.Oyun-Erdene

55 Countries to Celebrate World Horse Day According to Their Traditions www.montsame.mn

For the first time, Mongolia is preparing to widely celebrate "World Horse Day" on an international scale.

At the plenary meeting of the 79th session of the United Nations General Assembly on June 3, 2025, the resolution on "World Horse Day," initiated by President of Mongolia Khurelsukh Ukhnaa, was discussed and adopted. Consequently, the international decision to observe July 11 of every year as "World Horse Day" serves as a clear expression of global recognition for the cultural heritage of Mongolian nomads and the invaluable contribution of horses to human development.

This year, 55 countries will celebrate World Horse Day in accordance with their own unique customs and traditions. It is of special significance that Mongolia is celebrating this historic international event as its primary hub.

The celebration will feature large-scale international events that bring together national heritage, equestrian sports, equine culture, and the arts in one place.

the World Horse Day events will be held at Khui Doloon Khudag on July 10-13.

ADB, Golomt Bank Sign $64m Loan to Expand Green Finance, MSME Lending in Mongolia www.crowdfundinsider.com

The Asian Development Bank (ADB) and Golomt Bank have signed a $64 million loan agreement to expand sustainable finance and increase lending to micro, small, and medium-sized enterprises (MSMEs), including women-owned businesses, in Mongolia.

The financing package comprises $60 million from ADB’s ordinary capital resources and $4 million in concessional funding from the Canadian Climate and Nature Fund for the Private Sector in Asia.

The project aims to support sustainable growth and financial inclusion while addressing Mongolia’s financing gaps in sectors critical to climate resilience and emissions reduction, including energy, agriculture, forestry, and water.

“This project underscores ADB’s commitment to advancing sustainable growth and financial inclusion in Mongolia,” said Chandra Mohan Arora. “By partnering with Golomt Bank, we aim to make financial services more accessible, improve productivity, increase income, and contribute to economic diversification.”

According to ADB, Mongolia continues to face severe environmental challenges, including frequent shocks caused by extreme weather events.

Although the country has made progress in establishing sustainable finance frameworks, substantial financing gaps remain across priority sectors.

The project will finance investments supporting energy efficiency in industry and housing, eco-tourism, and waste management as Mongolia transitions toward a more environmentally sustainable economy.

By leveraging concessional financing, the initiative is also expected to help Golomt Bank expand operations in underdeveloped adaptation finance segments.

Beyond climate-related investments, the facility will broaden access to finance for underserved populations, strengthen institutional capacity, and support programs for women entrepreneurs, including initiatives designed to protect women and girls in the workplace.

“With ADB and CANPA’s support, Golomt Bank is pleased to introduce a pioneering and impact-driven financing solution alongside our existing green loan products,” said Odonbaatar Amarzaya.

He said the financing would enable the bank to provide more affordable funding to households and businesses, improve operations while reducing environmental impacts, and contribute to “a greener, more resilient future for Mongolia.”

Established in 2024, CANPA is an ADB-managed trust fund backed by a commitment of Can$360 million from the Government of Canada to support private-sector climate and nature-based projects across Asia and the Pacific while promoting the empowerment of women and girls.

Golomt Bank, Mongolia’s second-largest bank, operates 108 branches nationwide and held about 20% of the country’s green finance market at the end of 2025.

By Michael Wong