Steppe Gold Limited (TSX: STGO) - Announcement Update 1

Steppe Gold Limited (TSX: STGO) - Announcement Update

1

TSX: STGO

DRILLING COMMENCES

AT ATO PROJECT

TSX: STGO

Announcement

JULY 11, 2018

BOARD & EXECUTIVE APPOINTMENT

ATO 4 Deposit drilling

CAPITALIZATION

TSX Symbol: STGO

Total Basic Shares O/S (M): 42.9

BOARD OF DIRECTORS

MATTHEW WOOD

Chairman, President and CEO

BATAA TUMUR-OCHIR

Director and Vice President Mongolia

ANEEL WARAICH

Director and Executive Vice President

JEREMY SOUTH

Director

PATRICK MICHAELS

Director

DR. ZAMBA BATJARGAL

Director

CONTACT INFORMATION

THE COMPANY’S HEAD OFFICE:

Shangri-La office, Suite 1201,

Olympic street 19A, Sukhbaatar

District 1,

Ulaanbaatar 14241, Mongolia

Tel: +976 7732 1914

TORONTO OFFICE:

90 Adelaide Street W, Suite 400

Toronto, ON

M5H 3V9,

Canada

Tel: +1 647 697 0577

TRANSFER AGENT:

Lori Winchester

Senior Relationship Manager, Client

Management

Phone: +1 416 607-7898

Cell: +1 416 671-4558

Email: [email protected]

Steppe Gold is a precious metals exploration and development company with an aggressive

growth strategy to build Steppe into the premier precious metals company in Mongolia. The

Company owns the advanced staged Altan Tsaagan Ovoo (ATO) gold project, where first gold

production is targeted for late 2018, and the exciting Uudam Khundii (UK) gold exploration

project. Mongolia is open for business, pro mining development and one of the last great

frontiers where giant mineral deposits can be found and developed.

TORONTO -- Steppe Gold Limited (TSX: STGO) (the “Company” or “Steppe Gold”) is pleased

to announce the appointments of Mr. Jeremy South as Senior Vice President and Chief

Financial Officer and Mr. Sheldon Vanderkooy as Director to the Board effective immediately.

Mr. South has been a Director of Steppe Gold since March 2017 and is resigning from the

Board of Directors to take on the CFO role. He has over 30 years of experience in M&A,

capital markets and private equity in Europe, North America and Australia, including senior

positions in investment banking at Deutsche Bank, NatWest Markets and Deloitte.

For 10 years ending December 2016, Mr. South was Global Leader, Mining M&A Advisory at

Deloitte. Previously based in Beijing for four years, he also advised leading Asian trading

houses and financial investors on mining M&A, financing and strategy, and he 's counted

among some of Asia’s largest companies as clients. Mr. South brings his extensive mining

experience and network of contacts in Mongolia to Steppe Gold having worked on

a number of transactions through the years. He also acts as Chairman of Aldridge

Minerals Inc. Mr. South is a Chartered Accountant and he holds a Bachelor of

Economics degree from Monash University (Australia).

The company also welcomes the appointment of Mr. Sheldon Vanderkooy, as Director of

Steppe Gold Ltd. Mr. Vanderkooy is currently the General Counsel of Triple Flag Mining

Finance Ltd. The Triple Flag Group primarily targets streaming and royalty investments in the

mining sector, and has investments in Canada, Australia, the United States, Peru and

Mongolia. Prior to joining The Triple Flag Group, he was Assistant General Counsel at First

Quantum Minerals Ltd and Senior Director, Legal Affairs at Inmet Mining Corporation.

Mr. Vanderkooy has also worked as a corporate and securities partner at Blake, Cassels &

Graydon LLP in Toronto, Canada and as a Chartered Accountant at Ernst & Young LLP. Mr.

Vanderkooy holds a law degree from the University of Western Ontario (gold medallist) and a

Bachelor of Commerce (Honours) from Queen's University.

“We are very pleased to welcome Mr. Vanderkooy as a Director to Steppe Gold. He brings an

extensive wealth of mining, legal, securities and international business experience to

the company in addition to the continued strong support of Triple Flag Mining Finance as

our shareholder and partner. The Company will benefit greatly from Mr. Vanderkooy’s

expertise in stewarding good corporate governance as we continue to grow,” said Matthew

Wood, Chairman, President and CEO of Steppe Gold.

“Additionally, I am very pleased that Mr. South will be joining Steppe Gold as our Chief

Financial Officer. Mr. South has the specific skills in corporate governance and financial

controls that we are looking for as we rapidly advance our gold and silver projects in

Mongolia. In addition, our stakeholders are global and his deep networks across the mining

world will greatly assist our development. He has significant finance experience in Mongolia

and we are confident he will be a strong addition to our executive team.” said Wood.

Matthew Wood

Chairman, President and

CEO

Steppe Gold Limited

LEWIS MARKS

Director

ABOUT STEPPE GOLD