Minco Gold Provide Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 2, 2014) - Minco Gold Corporation (the "Company" or "Minco Gold") (TSX:MMM)(NYSE MKT:MGH)(FRANKFURT:MI5) provides the following corporate update.

The Company advises that Ms. Ellen Wei, Chief Financial Officer's employment agreement was terminated effective May 22, 2014. We wish Ms. Wei the best in her future endeavors.

The Company's Controller, Mr. Samson Siu has been appointed Interim Chief Financial Officer while the Company searches for a replacement. Mr. Siu has been the Company's Controller since November 1, 2012. Mr. Siu is a member of the Institute of Chartered Accountants of British Columbia and brings nearly a decade of experience in financial management and reporting to the Company. His experience includes working as an assurance manager at Manning Elliott LLP in Vancouver and also as a tax associate at KPMG LLP.

About Minco Gold

Minco Gold Corporation (TSX: MMM)(NYSE MKT:MGH)(FRANKFURT:MI5) is a Canadian mining company involved in the direct acquisition and development of high-grade, advanced stage gold properties. The Company owns a 51% equity interest in the Changkeng Gold Project.

The Company also owns a 100% interest in the Longnan projects with10 exploration permits, located in Gansu Province, China; as well as 13 million shares (approx. 22.00%) of Minco Silver Corporation. For more information on Minco Gold and its properties, please visit the website at www.mincogold.com.

The preceding includes forward looking statements, including plans for the further extension of our exploration program. Actual plans and results of exploration activities may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual plans to differ materially are the Corporation's ability to raise future financing and other risk factors listed from time to time in our SEC reports and our reports filed with Canadian securities regulators. We disclaim any intent to update forward looking information except to the extent required by applicable securities laws.