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Distributed: Mar 28, 2012

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Sydney, Mar 28, 2012 (ABN Newswire) - Indochine Mining Limited (ASX:IDC) was presented with the 'Discovery of the Year' award at the inaugural Asia Mining Awards at a gala dinner at the conclusion to this year's Mines and Money Asia Conference in Hong Kong last week.

The award recognised the company's exploration success in Cambodia, where shallow gold-bearing veins has been uncovered at its Kratie project, as well as its revitalisation of the Mt Kare project in Papua New Guinea.

Indochine Chairman Ian Ross said that to have been chosen for this award by our peers in the mining industry is a tribute to all the management and employees of Indochine Mining. He was delighted to accept the award on behalf of the company.

"This recognises our encouraging initial gold results from the drilling program in Cambodia as well as the reactivation of the Mt Kare gold-silver project in PNG," Mr Ian Ross said. "I would like to thank the industry for recognising our projects as standouts and congratulate Mines and Money for hosting such a successful conference."

Cambodia has had limited modern exploration, having missed the mining booms of its neighbours, Thailand and Laos' where world class gold and copper discoveries have been made. Indochine used a 'first mover advantage' to build the country's largest exploration lease holding of 4,300 km2 Indochine has also 're-awakened' the major Mt Kare gold/silver project in Papua New Guinea, advancing a feasibility study over a JORC-compliant Mineral Resource of 1.8 million ounces gold in 28.3 million tonnes at 1.9 g/t gold.


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About Indochine Mining Limited

Indochine Mining Limited (ASX:IDC) is a gold-copper exploration and development company. In Cambodia, it has the largest mining property holding in a country that has had very limited modern exploration, and is within a region known for world-class gold and copper deposits.

In Papua New Guinea (PNG), also known for large gold and copper deposits, Indochine holds an option over a major gold resource at Mt Kare. In Laos, potential exploration areas are being evaluated.

Contact

Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com


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