MCG Mountain China Resorts Holding Ltd

Mountain China Resorts (Holding) Limited (TSX VENTURE:MCG) ("MCR" or the
"Company"), today announces that, as a result of a review by the British
Columbia Securities Commission, it has filed amended and restated management's
discussions and analyses ("MD&A's") for the periods ended December 31, 2010 and
September 30, 2012 to include additional disclosure required by applicable
regulatory requirements, and is issuing this press release to clarify the
Company's disclosure. The amended MD&A's are available on SEDAR at
www.sedar.com.


The amended MD&A's now include a further detailed discussion on the Company's
resort operations revenues; disclosure of Century Zone Limited as a related
party to the Company; an update on the Company's claims relating to the
Changchun Resort, a further discussion on the status of the Company's resort
real estate development, disclosure on the impact of Chinese government policies
on the prospect of the Company's resort real estate development project, and
disclosure that the Company's current resort real estate development project at
the Sun Mountain Yabuli Resort has not generated any revenues for the Company
and that the Company has decided to suspend injection of further working capital
on the public infrastructure work for the Company's resort real estate
development project and a full scale marketing and advertising regime. The
additional disclosure in the MD&A's are aimed to provide the readers with a more
balanced discussion on the Company's financial condition, performance and future
prospect.


The additional disclosure does not impact the audited financial statements of
the Company for the year ended December 31, 2010 and the unaudited interim
financial statements of the Company for the three and nine months ended
September 30, 2011 that have been previously filed by the Company.


About MCR

MCR is the premier developer of four season destination ski resorts in China.
MCR is transforming existing China ski properties into world-class, four seasons
luxury mountain resorts with excellent real estate investment opportunities for
discerning buyers. In February 2009, the Company's Sun Mountain Yabuli Resort
was awarded Best Resort Makeover in Asia by TIME Magazine. Yabuli is also the
permanent home of the China Entrepreneur's Forum the leading and most
influential community of China's most distinguished and successful entrepreneurs
and business leaders with over 5,000 members from across a variety of key
industries.


ON BEHALF OF THE BOARD

Gang Han, Chief Financial Officer

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