Southgobi Announces Passing of TSX Delisting Review

February 15, 2021

SOUTHGOBI ANNOUNCES PASSING OF TSX DELISTING REVIEW

VANCOUVER – SouthGobi Resources Ltd. (Toronto Stock Exchange (“TSX”): SGQ, Hong Kong Stock Exchange (“HKEX”): 1878) (“SouthGobi” or the “Company”) is pleased to announce that the TSX Continued Listing Committee has completed the Delisting Review of the Company and determined that the Company satisfies TSX’s applicable requirements for continued listing.

About SouthGobi

SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. SouthGobi produces and sells coal to customers in China.

Contact:

Investor Relations

Office: +852 2156 1438 (Hong Kong)

+1 604 762 6783 (Canada)

Email: [email protected]

Website: www.southgobi.com