Jordan Calonego, a cofounder of Mongolia Growth Group Ltd., has informed the company that he has decided to remain in Thunder Bay and step down from his managerial duties as the company's COO and Corporate Secretary, in order to remain closer to his family and other business interests. Genevieve Walkden, who has been with the Company since 2011, will succeed Mr. Calonego as Corporate Secretary. Mr. Calonego will remain an active board member of MGG.