Mongolia Growth Group Ltd. announced that, on December 19, 2012, Genevieve Walkden resigned as Corporate Secretary and as an officer of the company. One of the conditions of listing on the TSXV was the placing of all shares owned by management into escrow agreements with new sale restrictions. Genevieve Walkden could not comply with the terms of the escrow agreement ass certain of her shares are held by retirement accounts that are not able to release the shares into an escrow agreement.

Ms. Walkden will remain with the Corporation as Director of Operations for the Corporation's property subsidiary, based in the Ulaanbaatar office. Jordan Calonego, the company's Chief Operating Officer, has been appointed Corporate Secretary.