SouthGobi Resources Limited
HKSE : 1878

SouthGobi Resources Limited

September 17, 2015 05:38 ET

SouthGobi Resources Appoints Ningqiao Li as Chairman

HONG KONG, CHINA--(Marketwired - Sept. 17, 2015) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") today announces appointment of Mr. Ningqiao Li as an executive director of the Company and Chairman of the board of directors (the "Board") of the Company effective September 17, 2015.

Mr. Li is a director of Novel Sunrise Investments Limited, a substantial shareholder of the Company. He has been a non-executive director of the Company since May 2015.

Mr. Gordon Lancaster, former Interim Chairman of the Board, continues to serve as an independent non-executive director. The Board thanks Mr. Lancaster for his leadership during the transition period and ongoing valuable contributions to the Company.

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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