The board of directors of Mongolian Mining Corporation announced the re-designation and appointment of Ms. Ulemj Baskhuu from her current position of Chief Investment Officer to Chief Financial Officer of the company with effect from August 27, 2013. Ms. Baskhuu, aged 34, joined the company as a vice president in December 2008 responsible for investment of Energy Resources Rail LLC, an indirect-wholly owned subsidiary of the company
and was appointed as the Executive Vice President and CIO of the company in November 2011 and her responsibilities were to oversee the liquidity, asset management and investor relations of the company. Ms. Baskhuu obtained a bachelor's degree in business administration from the Mercer
University, United States in 2001.