HONG KONG, CHINA--(Marketwired - Aug. 16, 2016) - SouthGobi Resources Ltd.
(TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") announces the appointment
of Mr. Joseph Belan as an independent non-executive director of the Company, with effect from August 16, 2016.
Mr. Belan, aged 42, is the chairman and founder of Novatrek Capital, a corporate advisory and investment firm with
the primary industry focus in the industrial and metals and mining sectors. Prior to establishing Novatrek Capital in 2013, Mr.
Belan was an investment banker specializing in the industrial and metals and mining sectors with each of Merrill Lynch, Goldman
Sachs and Credit Suisse First Boston. He was the Managing Director of Pala Investments Limited ("Pala"), a mining focused
investment company and as part of his role with Pala, Mr. Belan was appointed as Interim Chief Executive Officer of Coalcorp
Mining Inc. and directed its restructuring and asset divestment initiatives during 2009 and 2010. He has extensive experience in
capital raising, restructuring, joint ventures and mergers and acquisitions for the mining sector. Mr. Belan obtained a degree in
Honors Business Administration from the Richard Ivey School of Business at the University of Western Ontario in 1996.
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 and exploration licences of its other metallurgical and thermal coal deposits in South
Gobi Region of Mongolia. SouthGobi produces and sells coal to customers in China.