(Incorporated intheCaymanIslandswithlimitedliability)
(Stock Code: 975)

ULAANBAATAR, Mongolia, April 16, 2025 (GLOBE NEWSWIRE) -- This announcement is made by Mongolian Mining Corporation (the “Company”) pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“Listing Rules”) and the Inside Information Provisions (as defined in the Listing Rules) of Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company, dated 3 April 2025 (the “Announcement”), in relation to the Company’s notice to its holders of the Notes of its intention to redeem all of the outstanding Notes in full on 15 April 2025 (the “Redemption”). Unless otherwise defined, capitalized terms used herein shall have the same meanings as in the Announcement.

The Company wishes to announce that, on 15 April 2025, the Company has completed the Redemption at the redemption price of 109.27% of the principal amount redeemed plus accrued and unpaid interest up to but excluding the Optional Redemption Date. The Company considers that there will be no material impact on its financial position as a result of the Redemption. Upon completion of the Redemption, all the redeemed Notes will be cancelled and delisted from the official list of Singapore Exchange Securities Trading Limited.

For and on behalf of the Board
Mongolian Mining Corporation
Odjargal Jambaljamts
Chairman

As at the date of this announcement, the Board consists of Mr. Odjargal Jambaljamts and Dr. Battsengel Gotov, being the executive directors of the Company, Mr. Od Jambaljamts, Ms. Enkhtuvshin Gombo and Mr. Myagmarjav Ganbyamba, being the non-executive directors of the Company, and Dr. Khashchuluun Chuluundorj, Mr. Unenbat Jigjid, Mr. Chan Tze Ching, Ignatius, Ms. Delgerjargal Bayanjargal and Dr. Tsend-Ayush Tuvshintur being the independent non-executive directors of the Company.

^{HongKongExchangesandClearingLimitedandTheStockExchangeofHongKongLimitedtakenoresponsibilityforthecontentsofthisannouncement,makenorepresentationastoitsaccuracyorcompletenessandexpressly disclaimanyliabilitywhatsoeverforanylosshowsoeverarisingfromorinrelianceuponthewholeoranypartofthe contents of this announcement.}

^{Thisannouncementisforinformationpurposesonlyanddoesnotconstituteorformpartofandshouldnotbe construedasaninvitationorasolicitationofanoffertoacquire,purchaseorsubscribeforsecuritiesoraninducement toenterintoinvestmentactivity,oraninvitationtoenterintoanagreementtodoanysuchthings,norisitcalculated toinviteanyoffertoacquire,purchaseorsubscribeforanysecurities.Thisannouncementisnotanofferofsecurities forsaleinthePeople’sRepublicofChina,HongKong,theUnitedStatesorelsewhere.}

^{Thisannouncementdoesnotconstituteanoffertopurchase,asolicitationofanoffertopurchase,orasolicitation ofanoffertosell,anysecuritiesreferredtoherein.Thisannouncementdoesnotconstitute,andmaynotbeusedin connectionwith,anyformofofferorsolicitationintheUnitedStatesoranyplacewheresuchoffersorsolicitations arenotpermittedbylaw.Thisannouncementisnotforrelease,publicationordistributioninorinto,ortoanyperson residentand/orlocatedinanyjurisdictionwheresuchrelease,publicationordistributionisunlawful.Thesecurities referredtohereinhavenotbeenandwillnotberegisteredundertheUnitedStatesSecuritiesActof1933,asamended (the “Securities Act”) and may not be offered or sold in the United States except pursuant to an exemption from, or a transactionnotsubjectto,theregistrationrequirementsoftheSecuritiesAct.Anypublicofferofsecuritiestobemade intheUnitedStateswillbemadebymeansofaprospectus.Suchprospectuswillcontaindetailedinformationabout theCompanyanditsmanagement,aswellasfinancialstatements.TheCompanydoesnotintendtomakeanypublic offeringofsecuritiesintheUnitedStates.}

Enquiries:

Strategic Financial Relations Limited

Cindy Lung
+852 2864 4867
cindy.lung@sprg.com.hk

Rachel Ko
+852 2114 2370
rachel.ko@sprg.com.hk

Carlos Chen
+852 2864 4847
carlos.chen@sprg.com.hk