Mongolia Growth Group Ltd. Announces Resignation of Chief Financial Officer

Mongolia Growth Group Ltd. (“MGG”) or (“the Company”) announces that its long-time CFO, Matthew Aiken, has tendered his resignation effective February 28th, 2014. Mr. Aiken is leaving to pursue other endeavors.

Mr. Aiken has been with the Company since May 2011 and during his tenure, was instrumental in forming and training MGG’s accounting department along with implementing the controls and systems necessary for the next phase of the Company’s growth. Upon Mr. Aiken’s departure, the Board of Directors (“the Board”) plans to appoint the Company’s controller, Talha Siddiqui, as the interim CFO. Mr. Siddiqui has served as the Company’s controller since joining the Company in June 2013. Prior to this, Mr. Siddiqui, a qualified ACCA accountant, spent over 6 years at KPMG. Mr. Siddiqui has over 7 years of experience in audit and accounting more specifically in preparing IFRS based financial statements, reviewing systems, tax planning and evaluating internal controls.

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