Mongolia Growth Group Ltd. Closes Previously Announced Private Placement as New CEO Purchases Shares

Mongolia Growth Group Ltd. (“MGG”) or (“the Company”) is pleased to announce that on March 31, 2014, the Company closed the non-brokered private placement which was previously announced on March 3, 2014 (“the Offering”). The Company issued 125,000 common shares in the capital of the Company (“Common Shares”) at a price of CDN $2.00 per Common Share for aggregate proceeds of CDN $250,000. All of the Common Shares issued under the Offering were purchased by the Company’s newly appointed Chief Executive Officer, Paul Byrne.

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