Creation of listed Mongolian copper-gold company

18 July 2011

Creation of new listed Mongolian copper-gold company

Origo Partners Plc ("Origo" or "the Company") is pleased to announce that Toronto listed Brazilian Diamonds Limited ("BZD"), has completed its acquisition of Origo's interest in Kincora Group Limited ("Kincora Group"). Following the transaction, Origo will hold approximately 34.8 per cent of the outstanding share capital of BZD, which will be renamed Kincora Copper Limited ("Kincora Copper").

As a result of the transaction, Kincora Copper will own a 75 per cent interest in the Mongolian Bronze Fox copper-gold prospect, located close to the world class OyuTolgoi copper deposit and near to the Chinese border. Kincora Copper will focus on the development of Bronze Fox and acquiring other copper and gold exploration and development projects in Mongolia.

In conjunction with the acquisition, Kincora Copper has raised an additional C$13.6 million (to which Origo and its affiliates contributed C$0.5 and C$1 million respectively). Kincora Copper will be Origo's primary vehicle for developing copper and gold prospects in Mongolia. Kincora Group's exploration campaign will continue to be managed by dedicated Origo personnel.

Commenting on today's announcement, Chris Rynning, CEO of Origo said:

"This transaction will enable us to rapidly redeploy capital into other opportunities following our initial investment in Kincora Group less than a year ago whilst also converting our holding in a private company into shares in a publicly traded vehicle. We remain excited about the potential of the Bronze Fox prospect and believe that the enlarged company will be in a strong position to further develop the deposit whilst also capturing other significant opportunities in the Mongolian mining sector."

For further information about Origo please visit www.origoplc.com or contact:

Origo Partners:

Origo is an AIM-listed private equity investor and strategic consultancy business which provides its shareholders with exposure to China-linked investment opportunities.

Origo has a significant portfolio of investments in a range of industrial sectors, including metals and mining, agriculture, renewable energy/clean tech and technology, telecom and media.

Origo invests directly in high growth Chinese companies as well as in companies based around the world with significant exposure to Chinese export markets.

Bronze Fox

The Bronze Fox Project is located approximately 140km to the northeast of the world-class Oyu-Tolgoi copper/gold project. The project sits within a 14km long, northwest oriented corridor of alteration and mineralisation which is associated with two monzodiorite-granodiorite intrusive centers, one of which lies in the license area ("Bronze Fox Intrusive Complex"). Mineralisation has been observed in rock chip samples in a zone stretching 50km to the north. The TsagaanSurvarga copper deposit lies approximately 40 km to the southeast.

The license has been subject to a significant amount of exploration. The license was initially explored by Soviet Union geologists and Mongolian prospectors; the project was then explored by Ivanhoe Mines Ltd. in the early 2000's. Ivanhoe Mines Ltd. focused on the Bronze Fox Intrusive Complex and carried out mapping, stream sediment, soil and rock chip sampling, magnetic and induced polarisation (IP) geophysical surveys, and drilling of selective targets.

The Bronze Fox Project is between an early and advanced stage of exploration and additional work is required to gauge the extent of economic mineralisation on the license area, in particular first pass resource estimation needs to be completed.

Mr. Warren Woodhouse of Micromine Pty Ltd. is the Qualified Person who prepared the information that forms the basis for the scientific and technical information contained in this news release. Mr. Woodhouse is independent of Origo, Kincora Group and BZD.