Marengo Announces Name Change and Despatch Following Re-Domicile of Marengo Mining (Australia) Limited (“Marengo Australia“)

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

PERTH, WESTERN AUSTRALIA -- (Marketwire - Jan. 16, 2013) - Marengo Mining Limited (TSX:MRN) (ASX:MMC) (POMSoX:MMC) - As announced on Friday, 11 January 2013, the restructure of Marengo Australia to redomicile to Canada by way of a Scheme of Arrangement (Scheme) was implemented.

On implementation, Marengo Australia's shareholders were issued common shares or depositary interests in Marengo Mining Canada Limited (TSX:MRN) (ASX:MMC) (POMSoX:MMC) (Marengo).

Marengo's name has now changed to Marengo Mining Limited effective from Monday, 14 January 2013.

Despatch of holding statements to the Scheme Participants entitled to receive CDIs and PDIs pursuant to implementation of the Scheme has occurred today.

Marengo will commence normal (T+3) trading on the ASX and POMSoX on Thursday, 17 January 2013.


Summary of Name Change

Country Entity                                                 Ticker on each stock exchange
Incorporated      Old Name             New Name                         TSX    ASX    POMSoX
Canada     Marengo Mining Canada Ltd.  Marengo Mining Ltd.               MRN    MMC    MMC
Australia  Marengo Mining Ltd.         Marengo Mining (Australia) Ltd.   MRN*   MGO #   MGO #

* De-listed from TSX from close of business on 6 January 2013
# To be de-listed from ASX and POMSoX from close of business on 16 January 2013


Further information

Further details in relation to the Scheme and its implementation are set out in Marengo Australia's Scheme Booklet dated 30 October 2010. Capitalised terms in this announcement have the meanings given in the Scheme Booklet.

Otherwise, please contact either Mark Churchward or John Ribbons on +61 8 9429 0000.

www.marengomining.com
ARBN: 161 356 930


Contact

Marengo Mining Limited
Les Emerym President/CEO
+61 8 9429 0000
marengo@marengomining.com

Marengo Mining Limited - Australia:
Dean Richardson, VP-Investor Relations
+61 8 9429 0000
deanr@marengomining.com

Marengo Mining Limited - North America:
Victoria Russell, Investor Relations
+1 416 644 8680
investor@marengomining.com
www.marengomining.com