Blue Wolf Mongolia Holdings Corp. Announces Extension Of Tender Offer

Blue Wolf Mongolia Holdings Corp.

("Blue Wolf" or the "Company") today announced that the Company's previously announced tender offer has been extended, in accordance with applicable rules and regulations governing tender offers, until 5:00 p.m., New York City time, on July 15, 2013, unless further extended or terminated. The tender offer was previously scheduled to expire at 5:00 p.m., New York City time, on June 19, 2013. The completion of the tender offer is a condition to Blue Wolf's previously announced business combination with Li3 Energy, Inc. ("Li3"). The extension is being made to comply with the rules and procedure requirements of the Securities Exchange Commission ("SEC"). Except for such extension, all of the terms and conditions set forth in the tender offer materials filed with the SEC on May 21, 2013 remain unchanged. Shareholders who support Blue Wolf's business combination with Li3 should not tender their ordinary shares in the tender offer, and if they have previously done so, should withdraw such tendered shares prior to 5:00 p.m. New York City time, on July 15, 2013. Tenders of Blue Wolf's ordinary shares must be made prior to the expiration of the tender offer and may be withdrawn at any time prior to the expiration of the tender offer in accordance with the procedures described in the previously provided tender offer materials. The tender offer is subject to the conditions and other terms set forth in the Offer to Purchase, dated May 21, 2013, and other tender offer materials (as they may be amended or supplemented) that have been distributed to Blue Wolf's shareholders. In particular, the tender offer is conditioned on, among other things, that the business combination with Li3, in Blue Wolf's reasonable judgment, is capable of being consummated contemporaneously with the tender offer. The last reported trading price of Blue Wolf ordinary shares on the Nasdaq Capital Market on June 19, 2013 was $10.29 per share. As of June 19, 2013, 1,871,703 ordinary shares have been tendered and not withdrawn.