Jellybean Trader Play – UPDATE: $MGH

03.09.10 — 9:30 am EST — BUY Minco Gold Corporation – MGH – last $0.99. Projected Target Exit — $3.50 — 10-months. MHG is a mining company, through its subsidiaries, engages in the acquisition, exploration, evaluation, and development of gold, silver, and base metal properties in the People’s Republic of China and Canada. It owns 16 gold properties covering approximately 1,000 square kilometers of mineral rights. The company was formerly known as Minco Mining & Metals Corporation and changed its name to Minco Gold Corporation in January 2007. Minco Gold Corporation was founded in 1982 and is headquartered in Vancouver, Canada. … MGH announced this morning ((9:05 am EST) the discovery of a large gold zone on its 100% owned Oujiaba property, within the Yangshan Gold Belt, Gansu Province P.R.C. The discovery has been traced for approximately 6 kilometres and has the same host lithologies as the Anba gold deposit. The Anba deposit is considered to be a Carlin-type gold deposit and is estimated to have over 10 million oz Au. … VANCOUVER, BRITISH COLUMBIA–(Marketwire – 03/09/10) – Minco Gold Corporation (the “Company” or “Minco Gold”) (TSX:MMM – News)(AMEX:MGH – News)(Frankfurt:MI5 – News) is pleased to announce the discovery of a large gold zone on its 100% owned Oujiaba property, within the Yangshan Gold Belt, Gansu Province P.R.C. The discovery has been traced for approximately 6 kilometres and has the same host lithologies as the Anba gold deposit. The Anba deposit is considered to be a Carlin-type gold deposit and is estimated to have over 10 million oz Au. Please refer to the property map with sample results on the Minco website. The gold enriched, hydrothermally altered structural trend has been discovered during the 2009 exploration program which consisted of traversing and trenching. The mineralization has a width ranging from 5 to 10 metres and is hosted along the contact of hanging wall limestone and heavily folded footwall phyllite which is intruded by numerous intrusive dykes. Numerous grab samples taken from outcrop along the structure returned 0.5g/t to 27.9g/t Au. The Oujiaba property, located 25 kilometres east of the Anba gold deposit, is part of the Company’s 100% owned Longnan Project which is located within the Yangshan Gold Belt. In 2010 Minco will continue to explore and define this favourable target with further sampling, trenching, geophysics and potentially diamond drilling. Samples were prepared and assayed at SGS – CSTC Standards Technical Company, TEDA Tianjin, PRC under the supervision of an International certified assayer. Samples were analyzed with fire assay with AAS finish for gold and aqua regia with an AAS finish for silver. External check samples were sent to Intertek Laboratories in Beijing, PRC for additional check analysis. Mr. Dwayne Melrose, P.Geo. Vice President Exploration for Minco Gold, has reviewed this news release and is the Qualified Person responsible for verification and quality assurance of the company’s exploration data and analytical results. About Minco Gold — Minco Gold Corporation (TSX:MMM – News)(AMEX:MGH – News)(Frankfurt:MI5 – News) is a Canadian mining company involved in the direct acquisition and development of high-grade, advanced stage gold properties. The Company owns an exploration property portfolio covering more than 1,000 square kilometres of mineral rights in China. For more information on Minco Gold and its properties, please visit the website at http://www.mincomining.ca. Projected Target Exit — $3.50 — 6-months.