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Migao Corporation Appoints Helen Lu as Chief Financial Officer

TORONTO, ONTARIO -- (Marketwire) -- 11/22/12 -- Migao Corporation (TSX:MGO), a China-based specialty potash fertilizer producer, announced that Ms. Helen Lu, CA, CPA, CFA has been appointed Chief Financial Officer effective immediately. Mr. Randall Smallbone, Migao's previous CFO has left the Company to pursue other interests.

Ms. Helen Lu has years of experience in Canada and China serving both public and private companies. Ms. Lu, as CFO of Yalian Steel brings experience and appreciation for the challenges and excitement of a Canadian listed company with operations in China. Previously, she held the position of Audit Manager at Ernst & Young in Vancouver and Senior Auditor at Ernst & Young's Shanghai office. Ms. Lu was Assistant Vice President at Citigroup in Shanghai where she oversaw the internal control practice among other responsibilities. Ms. Lu is fluent in English, Mandarin, and Cantonese.

The Company wishes to thank Mr. Randall Smallbone for his contributions to Migao as the Company's CFO and wishes him continued success in his new endeavours.

About Migao

Migao Corporation, through its wholly owned subsidiaries, owns and operates fertilizer production plants in various strategic locations across China for the production and sale of specialty potash fertilizer (potassium nitrate and potassium sulphate) to China's agricultural market. Migao Corporation is subject to, and complies with strict government regulations that govern safety, quality and environmental protection. Migao's Sichuan facility is ISO 14001 certified, an international environmental management standard. Please visit www.migaocorp.com for further information.

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