MRC: DIRECTOR APPOINTMENT & RESIGNATION

June 18 -- The Directors of Mongolian Resource Corporation Limited (ASX:MUB) are pleased to announce the appointment of Stephen Hamblyn as a Non-Executive Director. Mr. Hamblyn, who has a Bachelor of Metallurgy and a Bachelor of Economics degrees, has a long mining history and strong technical background in plant processing and metallurgical matters.

Mr. John Lee has resigned as a Director of the Company and remains as Company Secretary. The Board thanked Mr. Lee for his contribution as a Director and were pleased he had agreed to continue as Company Secretary.

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