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Tackler

08/22/04 12:39 AM

#16 RE: Tackler #14

Asia Gold's bid to extend Ivanhoe warrants is approved

2004-07-19 08:45 ET - News Release

Also News Release (C-IVN) Ivanhoe Mines Ltd

Mr. Bill Trenaman of Asia Gold reports

ASIA GOLD RECEIVES TSX-V APPROVAL TO EXTEND WARRANTS

Asia Gold Corp. has received approval from the TSX Venture Exchange to extend the expiry date of warrants held by Ivanhoe Mines Ltd. to purchase 833,333 Asia Gold common shares. Ivanhoe Mines now has until July 31, 2005, to exercise the warrants.

Each warrant entitles Ivanhoe Mines to acquire one common share of the company at a price of $1.32 per share. The warrants were issued July 31, 2003, when Ivanhoe Mines converted loans owing by Asia Gold into 833,333 units. Each unit consisted of one Asia Gold common share and one warrant.