Dr. Ken Cai reports

MINCO GOLD CORPORATION: UNUSUAL MARKET ACTIVITY

Minco Gold Corp. is not aware of any material undisclosed event that would cause unusual market activity.

In view of the unusual market activity in the common stock of Minco Gold, the New York Stock Exchange and Toronto Stock Exchange have contacted the company in accordance with its usual practice; the company stated that it is not aware of any material undisclosed event.