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Building Vital Infrastructure in Mongolia

07 Oct

Khot Announces Award of Road Repair Contract in Darkhan Province, Mongolia

October 7, 2014

ULAANBAATAR, MONGOLIA — KHOT INFRASTRUCTURE HOLDINGS, LTD. (“Khot” or the “Company”) (CSE: KOT) is pleased to announce that its indirectly controlled subsidiary, Ashid Munkhiin Zam LLC (“AMZ”), has been awarded a contract to repair six kilometers of a twelve-kilometer road repair contract awarded to four companies, including AMZ. The project is located in Khongor Sum in Darkhan Aimag, Mongolia, strategically situated on the north-south road that connects Russia, China, and all the major cities in Mongolia, including Ulaanbaatar, Sukhbaatar, Darkhan and Sainshand. The total cost of the project has been budgeted and approved by the Mongolia Ministry of Road and Transportation. Khot anticipates completion of the project in early Q4 2014. This contract marks an important initial milestone for the Company as it commences operations in the road building and infrastructure sector.

James Passin, ‎Chairman of the Company, commented, “We are very pleased Khot has won its initial road construction contract in ‎‎Mongolia. The relatively modest size and scope of this first contract is a valuable first step as it allows the Company to gear up for the much larger opportunities in this burgeoning sector.”‎

road repair
Real men and equipment doing real work

road repair
Map of road covered by repair contract in Khongor Sum

About Khot Infrastructure
Our goal is to become the leading Mongolian transportation contractor and the preferred choice for employees, shareholders and partners. Our focus is on high margin contracts, such as highways and regional roads. Our mission is to provide badly needed infrastructure required by one of the world’s fastest growing economies.

For more information, please visit or contact:

Don Padgett
President and CEO
1 604 689 1515 x104

Sabino Di Paola
Chief Financial Officer
1 613 834 6513

Email: [email protected]

The CSE has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release .

Disclaimer for Forward-Looking Information
Statements containing forward-looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.

Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties.

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.