SouthGobi Resources Limited
TSX : SGQ
HKSE : 1878

SouthGobi Resources Limited

September 01, 2015 07:02 ET

SouthGobi Resources Announces Appointments to Its Management Team and Board Committees

HONG KONG, CHINA--(Marketwired - Sept. 1, 2015) - SouthGobi Resources Ltd. (TSX: SGQ)(HKSE:1878) ("SouthGobi" or the "Company") today announces appointments to its management team and committees of the board of directors (the "Board") of the Company.

On September 1, 2015, the Board has made following appointments:

Mr. Aminbuhe, a non-executive director of the Company, has been appointed as an executive director and Chief Executive Officer ("CEO") of the Company effective immediately.

Mr. Yulan Guo, a director of Novel Sunrise Investments Limited and an executive director and Interim CEO of the Company, has been appointed as Chief Financial Officer ("CFO") of the Company effective immediately.

Upon his appointment, Mr. Aminbuhe has said, "I'm honored to be appointed to lead SouthGobi. I would like to thank Mr. Yulan Guo for his leadership of the Company during this transition period and I'm confident that with him as CFO and our experienced directors, we will be a strong team to strengthen the Company's business performance and realize its operational potential."

Furthermore, the Board has made following appointments to its committees effective immediately. Ms. Jin Lan Quan, independent non-executive director of the Company, has joined the Audit Committee. Mr. Zhu Liu, independent non-executive director of the Company, has joined the Nominating and Corporate Governance Committee, the Compensation and Benefits Committee and the Health, Environment, Safety and Social Responsibility Committee. Messrs. Aminbuhe and Yulan Guo have joined the Health, Environment, Safety and Social Responsibility Committee.

About SouthGobi

SouthGobi, listed on the Toronto and Hong Kong stock exchanges, 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, a 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.

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