Sharyn Gol JSC (MSE: SHG; Bloomberg code: SHG MO) Announces the Receipt of 2012 Audited IFRS Financial Statements from EY

  Sharyn Gol JSC (MSE: SHG; Bloomberg code: SHG MO) Announces the Receipt of
           2012 Audited IFRS Financial Statements from EY Mongolia

PR Newswire

ULAANBAATAR, Mongolia, May 31, 2013

ULAANBAATAR, Mongolia, May 31, 2013 /PRNewswire/ --Sharyn Gol(MSE: SHG;
Bloomberg code: SHG MO) is pleased to announce that it has received
unqualified 2012 and 2011 financial statements and an unqualified financial
report for 2010 from Ernst & Young Mongolia Audit LLC ("EYM"). Sharyn Gol
believes that it is the only company listed on the Mongolian Stock Exchange
("MSE") with a three-year history of unqualified financial results from a
Mongolian affiliate of a Top 3 international auditor. Graham Chapman, CEO,
said, "The unqualified financials validate Sharyn Gol's aim to present its
results in an accurate and transparent manner consistent with international
accounting standards."

Sharyn Gol is also pleased to announce the appointment of Kenneth Farrell to
the board of directors. Kenneth Farrell is the CEO of Bumi Resources Minerals,
the largest publicly traded Indonesian mineral company. Mr. Farrell is also an
Executive Director of Bumi Resources, Indonesia's largest listed coal mining
company. Prior to joining Bumi Resources in 2002, Mr. Farrell worked for BHP
Billiton for 21 years in various executive and managerial capacities in iron
ore, transport, manganese and coal business units. He is a Member of the
Institution of Engineers, Australia; a Member of The Australasian Institute of
Mining and Metallurgy and a Fellow of the Australian Institute of Company
Directors.

Sharyn Gol, located north of Ulaanbaatar, Mongolia, is a leading producer of
high-grade thermal coal and sells to state-owned power stations, local cement
factories, and other major wholesale as well as retail consumers.

Information Contacts:

Tel: +976-1131-1073
Investors: mail@sharyngol.com or otgonzul@sharyngol.com
Website: www.sharyngol.com

SOURCE Sharyn Gol JSC

Website: http://www.sharyngol.com/