QED Connect, Inc. to acquire Kyrzyg Alumina, an aluminum mining company.

QED Connect, Inc. today announced that it has entered into letters of intent (LOI) to acquire 100% of Terra Resources and Kuma Oil, both oil and gas companies, and Kyrzyg Alumina, an aluminum mining company.

Terra, through its subsidiary company NV Alliance, has oil and gas rights in the Republic of Kalmykia, a subject of the Russian Federation. Kuma Oil, a Russian company, owns oil and gas rights in the Russian territory of Perm Krai. The companies currently operate and own multiple wells and perform drilling, pumping, and transportation through the commercial distribution system. Terra and Kuma have combined proven oil reserves of 570 million barrels with an estimated value of approximately $2 billion. The companies also have future exploration rights in their respective territories.

Kyrzyg Alumina owns mines containing the raw material necessary to produce alumina (aluminum oxide). After extracting the compounds, the alumina is subjected to electrolysis in a solution of cryolite, which is composed of sodium aluminum fluoride. Five hundred metric tons of alumina can yield approximately $500 million in revenue. Aluminum is one of the most ubiquitous manufacturing materials of the industrialized era and this commonplace metal has tremendous potential as an ecological fuel source.

Michael Roth, CEO of Kyrzyg Alumina commented, "Aluminum represents the second most popular commodity in the world. Companies with reserves are in a good position to capitalize on this growing demand. We have been seeking a partner to help obtain the necessary working capital to begin our mining operations and we believe that QED Connect can provide the resources required to support our operations."

Tom Makmann, President and CEO of QED Connect commented, "With aluminum reserves in limited supply, we are very enthusiastic about the potential that Kyrzyg Alumina can bring to QED Connect, thus increasing shareholder value."

The definitive agreements are expected to close within the next 75 days pending due diligence and approval of any regulatory agencies and each company's respective board of directors.

QED Connect is continuing its strategy of acquisitions, investments, and strategic business alliances and expects to finalize its current investments during the fourth quarter of 2012. We are focusing on businesses that are producing revenue and are seeking capital and/or management assistance to execute their business plan. QED Connect looks for companies that are synergistic and/or offer the opportunity to develop a business in a market that has growth potential.

As a result of its continued success in the mergers and acquisitions arena, QED Connect is considering becoming a "business development company" as defined under the Investment Company Act of 1940.