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Press release from Marketwire

SouthGobi Resources Appoints Bold Baatar as Non-Executive Director

Tuesday, September 03, 2013

SouthGobi Resources Appoints Bold Baatar as Non-Executive Director

05:34 EDT Tuesday, September 03, 2013

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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
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

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