SouthGobi Resources Limited
TSX : SGQ
HKSE : 1878

SouthGobi Resources Limited

August 16, 2016 07:58 ET

SouthGobi Resources Announces Appointment of Independent Non-Executive Director

HONG KONG, CHINA--(Marketwired - Aug. 16, 2016) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") announces the appointment of Mr. Joseph Belan as an independent non-executive director of the Company, with effect from August 16, 2016.

Mr. Belan, aged 42, is the chairman and founder of Novatrek Capital, a corporate advisory and investment firm with the primary industry focus in the industrial and metals and mining sectors. Prior to establishing Novatrek Capital in 2013, Mr. Belan was an investment banker specializing in the industrial and metals and mining sectors with each of Merrill Lynch, Goldman Sachs and Credit Suisse First Boston. He was the Managing Director of Pala Investments Limited ("Pala"), a mining focused investment company and as part of his role with Pala, Mr. Belan was appointed as Interim Chief Executive Officer of Coalcorp Mining Inc. and directed its restructuring and asset divestment initiatives during 2009 and 2010. He has extensive experience in capital raising, restructuring, joint ventures and mergers and acquisitions for the mining sector. Mr. Belan obtained a degree in Honors Business Administration from the Richard Ivey School of Business at the University of Western Ontario in 1996.

About SouthGobi

SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the mining and exploration licences of its other metallurgical and thermal coal deposits in South Gobi Region of Mongolia. SouthGobi produces and sells coal to customers in China.

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