Daily Business News Mongolia

WATERDOWN, ON, Oct. 20 /CNW/ - QGX Ltd. (TSX: QGX) (”QGX”) and Mongolia Holdings Corp. (the “Offeror”), an indirect subsidiary of Kerry Holdings Limited, announced today that the Offeror has acquired all of the outstanding shares of QGX not acquired under the Offeror’s take-over bid made August 8, 2008, pursuant to the compulsory acquisition procedure under the Business Corporations Act (Ontario).

With the completion of the compulsory acquisition, QGX common shares have been delisted from the Toronto Stock Exchange as of the close of trading on October 17, 2008. QGX will apply to securities regulators to cease to be a reporting issuer under Canadian securities laws which, if granted, will relieve QGX from its public reporting obligations.

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