Southgobi Comments ON Trading Activities at Request of IIROC

March 1, 2022

SOUTHGOBI COMMENTS ON TRADING ACTIVITIES AT

REQUEST OF IIROC

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

“Company”) is issuing this press release in response to a request from the Investment Industry

Regulatory Organization of Canada (“IIROC”) to comment on the trading activity of its stock

on Tuesday, March 1, 2022.

SouthGobi is not aware of any material, undisclosed information related to the Company’s

operations and affairs that would account for the recent increase in the market price and level

of trading volume of its common shares.

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