19 March 2019MONGOLIAN BASED ADVISER APPOINTED• Elixir appoints...

19 March 2019

MONGOLIAN BASED ADVISER APPOINTED

• Elixir appoints well credentialled business executive Mr. B. Byambasaikhan asits Mongolian based strategic and financial adviser

• Mr. Byambasaikhan has significant experience advising on large resource andenergy projects in Mongolia including Rio Tinto’s Oyu Tolgoi project


Elixir Petroleum Limited (ASX:EXR) is pleased to announce that it has appointed Mr. B.Byambasaikhan (through his advisory firm NovaTerra LLC) as its Mongolian based strategic andfinancial adviser.

Mr. Byambasaikhan is a co-founder of NovaTerra, an investment advisory firm based in Ulaanbaatar,Mongolia. He also chairs the Business Council of Mongolia (BCM), the country’s leading businessassociation. NovaTerra has successfully advised on corporate and infrastructure project transactionsand financings since its establishment in 2013.

Mr. Byambasaikhan was the Chief Executive of Mongolia’s sovereign investment company, ErdenesMongol (EMGL), where he led the signing of a US$4.4B project finance deal with 20 internationalbanks to finance the Rio Tinto operated Oyu Tolgoi underground mine construction, estimated to costUS$6B.

He has managed and closed financing for high-profile energy transactions in Asia, includingMongolia’s first independent power project (IPP) and wind farm in 2012. He was also the ChiefExecutive of Newcom, a Mongolian technology investor, and chaired the boards of its several telecomand energy joint-ventures with American, Japanese and European investors. Prior to that he was anenergy banker at the Asian Development Bank (ADB), developing and financing power generation,transmission and distribution projects in emerging Central Asian markets.

He is also currently a Trustee of the National University of Mongolia, Zorig Foundation USA, ArtsCouncil of Mongolia, Mongolian Archery Federation and is an Honorary Consul of South Africa.

Mr. Byambasaikhan is a graduate of the National University of Mongolia and the George WashingtonUniversity. In 2014, he was recognised as a Young Global Leader by the World Economic Forum.

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