Mongolia Growth Group Ltd. announced that following people have been added to the Board; Jim Dwyer, Brad Farquhar, Nick Cousyn and Robert Scott. Bill Fleckenstein, Paul Sweeney, John Shaw, Jordan Calonego and Paul Byrne have agreed to resign from the Board. Byambaa Losolsuren will remain in her existing position as a board member.

From 2003 to 2007 Dwyear was COO of the Mongolian branch of the North America-Mongolia Business Council. Brad Farquhar is a President of Nomad Capital Corp. Since 2012, Nick Cousin has served as Chief Operating Officer and head of research for BDSec.

Robert Scott, bring more than 20 years of professional experience in corporate finance, accounting and merchant and commercial banking. Scott is currently the CFO of Riverside Resources and the board of Entourage Metals.