Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (the “Company”) (YAK – TSXV and MNGGF – USA), announced today that TSX Venture Exchange (the “Exchange”) has accepted a Notice of Intention to make a normal course issuer bid (the “Bid”) to purchase up to 2,950,000 common shares (representing up to approximately 8.3 % of the 35,512,829 common shares of the Company currently issued and outstanding, or approximately 9.9% of the 29,825,579 common shares constituting the Company’s current Public Float (as that term is defined in the policies of the Exchange)) from time to time during the next 12 months. In accordance with the Policies of the Exchange, the maximum number of common shares that may be purchased under the Bid in any 30-day period may not exceed 2% of the issued and outstanding common shares of the Company when aggregated with all other common shares purchased under the Bid in the preceding 30 days.