Khan Resources Announces Offer for Western Prospector

Response to Western comments on offer

Khan Resources Inc. offers to purchase all of the issued and outstanding common shares of Western Prospector Group Ltd. on the basis of 0.685 of a Khan Common Share for each Western Prospector Common Share.
The Offer is open for acceptance until 8:00 p.m. (Toronto time) on June 20, 2008 (the “Expiry Time”), unless the Offer is extended or withdrawn. More.

 • News Release
 • Circular
 • Notice Of Guaranteed Delivery
 • Letter Of Transmittal

Khan Resources is committed to sustainable development in Mongolia. State-of-the-art technologies will be used to not only maximize efficiency and profit, but to minimize environmental impact as well. [more]

Khan through its subsidiary CAUC Holding Company Limited holds a 58% interest in Central Asian Uranium Company which in turn is the owner of the Dornod Uranium mining license 237A in northeastern Mongolia covering 261hectares. [more]

The Global demand for electricity is growing almost daily and Nuclear Energy fueled by Uranium currently provides 17% of it. Existing demand for Uranium outstrips the current supply by a significant amount and the demand continues to increase.

Khan Resources Inc., with its advanced Uranium properties in Mongolia, projected low production costs and highly experienced management team presents an extremely strong investment opportunity to capitalize on the predictable and rising demand for Uranium. [more]