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Mountain China Resorts Update in Delay in Filing Annual Financial Statements

May 8, 2013

BEIJING, CHINA--(Marketwired - May 8, 2013) - Mountain China Resorts (Holding) Limited (TSX VENTURE:MCG) ("MCR" or the "Company"), on May 2, 2013 the Company announced that the filing of its annual financial statements, management's discussion and analysis, and the related officer certifications for the financial year ended December 31, 2012 (collectively, the "Annual Filings") had been delayed beyond the filing deadline of April 30, 2013. The Company's auditors advised that the audit work and a draft audit report have been substantially completed. Accordingly, the Company intends to hold an audit committee meeting and a board of directors meeting to approve the Annual Filings.

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