SouthGobi Resources Limited
HKSE : 1878

SouthGobi Resources Limited

March 15, 2015 19:43 ET

SouthGobi Resources Announces Resignation of Enkh-Amgalan Sengee as President and Chief Executive Officer

HONG KONG, CHINA--(Marketwired - March 15, 2015) - SouthGobi Resources Ltd. (TSX:SGQ) (HKSE:1878) ("SouthGobi" or the "Company") announces that effective March 13, 2015, Mr. Enkh-Amgalan Sengee, President and Chief Executive Officer, resigned to pursue other opportunities.

Mr. Ted Chan, who has recently been appointed Executive Director, will assume the duties formerly handled by Mr. Sengee until further notice.

Mr. Chan brings with him over 20 years of enterprise management experience. He has played a key role in the management of Novel Sunrise Investments Limited and its affiliated companies in China, particularly through establishing and managing client relationships. Mr. Chan holds a bachelor degree from Communication University of China.

Mr. Lancaster, Interim Chair, said, "I would like to thank Mr. Sengee for his contributions to the company since he joined SouthGobi in July 2013. He was instrumental in improving the overall efficiency and driving the cost optimization initiatives of the Company's Mongolian operations. I wish him well as he pursues other opportunities."

About SouthGobi

SouthGobi is listed on the Toronto and Hong Kong stock exchanges. 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.

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