SouthGobi Resources Appoints Bold Baatar as Non-Executive Director

SouthGobi Resources Appoints Bold Baatar as Non-Executive Director

HONG KONG, CHINA--(Marketwired - Sept. 3, 2013) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) -

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

 
                SOUTHGOBI RESOURCES LTD. 
 
(a company continued under the laws of British Columbia, 
             Canada with limited liability) 
                   (Stock Code: 1878) 
 

SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") today announced the appointment of Bold Baatar as a non-executive director of the Company effective immediately.

Mr. Bold Baatar, 40, currently serves as the President, International Operations of Rio Tinto Copper group. Prior to joining Rio Tinto, Mr. Baatar was CEO of Golden East LLC, a gold exploration and mining company in Mongolia. Previously, Mr. Baatar was CEO of Newcom, where he managed and built a diverse investment portfolio across the telecom, airline, property management, mining services and renewable energy sectors. He held senior-level positions with JP Morgan in London, Moscow and New York, where he acquired extensive experience in the mergers, acquisitions and divestment arena. Mr. Baatar holds a Bachelor of Industrial Engineering degree from Mongolian Technical University and a Masters of Business Administration from the University of Bridgeport in Connecticut, US. Mr. Baatar is Chair of the Board of the Mongolian National Mining Association and a member of the Executive Board of Business Council of Mongolia.

Mr. Baatar has not held any directorships in publicly listed companies in the past three years. Mr. Baatar owns no shares or options in the Company or in Turquoise Hill Resources Ltd. ("Turquoise Hill"), the Company's majority shareholder, and no shares or options in Rio Tinto, Turquoise Hill's majority shareholder.

There is no specific term or proposed length of services for Mr. Baatar's appointment, but he is subject to retirement and re-election at annual general meeting of the Company in accordance with the article of continuation of the Company. Mr. Baatar does not have any relationship with any other directors, senior management, substantial or controlling shareholders of the Company other than as disclosed above. Save as disclosed above, there is no other information relating to the appointment of the Mr. Baatar as a non-executive director that is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Listing Rules") nor any matters that need to be brought to the attention of the shareholders of the Company. Save as disclosed above, the new non-executive director does not have any interest in the shares of the Company within the meaning of part XV of the Securities and Future Ordinance.

As a non-executive director, Mr. Baatar will receive a fee of C$25,000 per annum and C$1,500 per in-person meeting attended and C$600 per conference call meeting attended. He will also receive a travel allowance of C$2,000 per round-trip in excess of four hours travel time. As Mr. Baatar is an employee of Rio Tinto, the majority shareholder of Turquoise Hill, his fees are payable to Rio Tinto.

Please see the attached announcement for more details.

 
       By order of the Board 
    SouthGobi Resources Ltd. 
 
            Ms. Kay Priestly 
                    Chairman 
 
Hong Kong, September 3, 2013 
 

As of the date of this announcement, the executive Director is Mr. Kenneth Ross Tromans, the non-executive Directors are Ms. Kay Priestly, Mr. Lindsay Dove, Mr. Sean Hinton, Mr. Bold Baatar, and Mr. Kelly Sanders, and the independent non-executive Directors are Mr. Pierre Bruno Lebel, Mr. Andre Henry Deepwell, and Mr. William Gordon Lancaster.

 
                                           September 3, 2013 
 
SouthGobi Resources appoints Bold Baatar as Non-Executive 
 Director 
 
HONG KONG - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) 
 ("SouthGobi" or the "Company") today announced the 
 appointment of Bold Baatar as a non-executive director 
 of the Company effective immediately. 
 
Ms. Kay Priestly, Chairman of the Board said, "On 
 behalf of the Board, I am pleased to welcome Bold 
 to the Company. He brings significant skills and experience 
 that will be very valuable to SouthGobi as we focus 
 on strengthening the Company's core business performance 
 and realizing its production potential." 
 
Mr. Bold Baatar currently serves as the President, 
 International Operations of Rio Tinto Copper group. 
 Prior to joining Rio Tinto, Mr. Baatar was CEO of 
 Golden East LLC, a gold exploration and mining company 
 in Mongolia. Previously, Mr. Baatar was CEO of Newcom, 
 where he managed and built a diverse investment portfolio 
 across the telecom, airline, property management, 
 mining services and renewable energy sectors. He held 
 senior-level positions with JP Morgan in London, Moscow 
 and New York, where he acquired extensive experience 
 in the mergers, acquisitions and divestment arena. 
 Mr. Baatar holds a Bachelor of Industrial Engineering 
 degree from Mongolian Technical University and a Masters 
 of Business Administration from the University of 
 Bridgeport in Connecticut, US. Mr. Baatar is Chair 
 of the Board of the Mongolian National Mining Association 
 and a member of the Executive Board of Business Council 
 of Mongolia. 
 
About SouthGobi 
SouthGobi is listed on the Toronto and Hong Kong stock 
 exchanges, in which Turquoise Hill Resources Ltd. 
 ("Turquoise Hill"), also publicly listed in Toronto 
 and New York, has a 58% shareholding. Turquoise Hill 
 took management control of SouthGobi in September 
 2012 and made changes to the board and senior management. 
 Rio Tinto has a majority shareholding in Turquoise 
 Hill. 
 
SouthGobi is focused on exploration and development 
 of its metallurgical and thermal coal deposits in 
 Mongolia's South Gobi Region. It has a 100% shareholding 
 in SouthGobi Sands LLC, Mongolian registered company 
 that holds the mining and exploration licences in 
 Mongolia and operates the flagship Ovoot Tolgoi coal 
 mine. Ovoot Tolgoi produces and sells coal to customers 
 in China. 
 

Mongolia:

Altanbagana Bayarsaikhan

SouthGobi Sands LLC (Mongolia)

+976 70070710

Altanbagana.Bayarsaikhan@southgobi.com

www.southgobi.com

Hong Kong:

Joseph Lo, Brunswick Group (Hong Kong) +852 9850 5033

Joanna Donne, Brunswick Group (Hong Kong) +852 9221 3930

southgobi@brunswickgroup.com

Source: South Gobi Resources.