Southgobi Comments ON Trading Activity at Request of IIROC

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September 14, 2021

SOUTHGOBI COMMENTS ON TRADING ACTIVITY AT

REQUEST OF IIROC

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

“Company”) is issuing this announcement in response to a request from the Investment

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

the shares of the Company (the “ Shares”) on the Toronto Stock Exchange on Monday,

September 13, 2021.

The Company 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 the Shares or any information which must be announced to avoid a false

market in the Company’s securities.

Shareholders and potential investors of the Company are advised to exercise caution

when dealing in the 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