Revocation of Management Cease Trade Order

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June 7, 2022

REVOCATION OF MANAGEMENT CEASE TRADE ORDER

VANCOUVER – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi” or the

“Company”) announces that reference is made to the announcement dated March 11, March

24, March 28, March 31, 2022 (the “ Announcements”). Unless otherwise defined herein,

capitalized terms used in this announcement shall have the same respective meanings as

defined in the Announcements.

The Company is pleased to annou nce that, on May 30, 2022, the Company completed the

filing of its audited annual consolidated financial statements for the year ended December 31,

2021 and accompanying Management’s Discussion and Analysis of Financial Condition and

Results of Operations (the “MD&A”) and chief executive officer and chief financial officer

certifications, and its Annual Information Form for the year ended December 31, 2021.

Together with the filing of the Company’s interim financial statements for the quarter ended

March 31, 2022 and accompanying MD&A and chief executive officer and chief financial officer

certifications on June 6, 2022, the management cease trade order issued on April 1, 2022 by

the British Columbia Securities Commission has been revoked on June 6, 2022.

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 licences of its other

metallurgical and thermal coal deposits in South Gobi region of 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