Mongolia Growth Group Ltd. Announces Upcoming Conferences

Ulaanbaatar, MONGOLIA, Aug 22, 2012 (Filing Services Canada via COMTEX) -- Mongolia Growth Group Ltd.

(YAK - CNSX)Mongolia Growth Group Ltd. ("MGG" or "The Company") announces that it will be attending the following Mongolia related conferences in August, September and October. We invite all interested parties to attend and contact the relevant conference organizers for further details on the timing and schedules of presentations.

Discover Mongolia 2012 - August 30 - September 1 at the Children's Palace, Ulaanbaatar, Mongolia

For more information, please visit http://www.discovermongoliaforum.com/

Frontier Securities' Invest Mongolia 2012 - September 3-5 at the Blue Sky Hotel, Ulaanbaatar, Mongolia

For more information, please visit http://frontier-conference.com/

Mongolia 2012 Investment Summit - October 30-31 at the Four Seasons Hotel, Hong Kong

For more information please visit http://www.mongoliainvestmentsummit.com/

Chairman and CEO Harris Kupperman will be attending.

For further information please email: Gwalkden@MongoliaGrowthGroup.com

Forward-looking Information and Statements

Except for statements of historic fact, this news release contains certain forward-looking information within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management relying on their experience at the date the statements are made, and are subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to: delays or uncertainties with regulatory approvals, including that of the CNSX or the Mongolian regulator(s); changes in the business environment that might impact the intended use of proceeds from the Transaction; the future state of the Mongolian economy; Mandal's future business prospects; the outlook of the insurance industry in Mongolia as a whole; the ability of increased equity ownership to affect the motivation of key employees of UMC Capital; the ability to identify transactions which would allow management of Mandal the opportunity to have increased discretion in managing the business; and the closing of the Transaction in general and pursuant to the time line outlined in this press release. There are uncertainties inherent in forward-looking information, including factors beyond MGG's control. The forward-looking information and statements contained in this press release speak only as of the date of this press release and MGG undertakes no obligation to publicly update or revise forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com .

THE CNSX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view this press release as a webpage, please click on the following link:

http://www.fscwire.com/pr/mongolia08222012.htm

Source: Mongolia Growth Group Ltd. (CNSX - YAK)

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