PERTH, WESTERN AUSTRALIA--(Marketwired - July 2, 2013) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Marengo Mining Limited ("Marengo" or the "Company") (TSX:MRN)(ASX:MMC)(POMSoX:MMC) announces, effective 30 June 2013, the resignation of Mr. Louis Gignac and Mr. M Caron from the Board of the Company, in line with the current company restructure, and the demands placed on them from their other executive positions.

The continuing Directors and staff of Marengo would like to thank Mr. Gignac and Mr. Caron for their input and assistance in the recently completed redomicile to Canada and wish them every success in the future.

With the resignation of Mr. Gignac, the Company is pleased to announce the appointment of current Director, Mr. John Hick, as Chairman of the Board of Directors. Mr. Hick has been a Director of Marengo since June 2008.

Consistent with the Company's re-domicile to Canada and the continuing shift of most activity to PNG, Marengo has decided to relocate its principal corporate office to Toronto while maintaining its operational offices in Madang and Port Moresby (Papua New Guinea), effective from 31 July 2013.

As a result of these changes and to reduce overall costs the Company will no longer operate an office in Perth, Western Australia.

Les Emery, President/CEO, 2 July 2013

COMPANY NO. 822513-3 / ARBN: 161 356 930

MARENGO MINING (AUSTRALIA) LIMITED (ABN: 57 099 496 474)

YANDERA MINING COMPANY LIMITED (COMPANY NO. 1-53202)

MARENGO MINING (PNG) LIMITED (COMPANY NO. 1-76844)