Mongolia Energy Corporation Limited $(MEC)$ has announced an ongoing issue regarding Mongolian tax matters. The company's indirect wholly-owned subsidiary, MoEnCo, received a written decision resolution from the TDRC re-hearing. This comes after MoEnCo appealed against a reassessment of a tax audit conducted by the Mongolian General Taxation Office $(GTO)$. Despite the company's belief in a strong legal basis to contest the adjudged tax result, the GTO retains the right to enforce action, including asset seizure, due to unpaid taxes. MEC is actively engaging with the GTO to prevent enforcement actions that could impact its mining operations in Mongolia. The company will continue to monitor the situation and update shareholders and potential investors as developments occur. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares.