Change of Chief Financial Officer

VANCOUVER, BC / ACCESSWIRE / February 2, 2024 / SouthGobi Resources Ltd. (TSX-V:SGQ)(HK:1878) ("SouthGobi" or the "Company") announces that Ms. Chonglin Zhu ("Ms. Zhu") has been appointed as the Chief Financial Officer of the Company, replacing Mr. Alan Ho ("Mr. Ho") who has been assigned to a new management position in the Company. The changes become effect on February 2, 2024 Hong Kong time.

Ms. Zhu, aged 36, joined the Company in September 2022 as Senior Vice President of Finance and an Executive Director of the Company. Prior to joining the Company, Ms. Zhu was the Chief Financial Officer of Inner Mongolia Tianyu Innovation Investment Group Co., Ltd.* (内蒙古天宇创新投资集团有限公司) ("Tianyu Group") from March 2015 to September 2022. Tianyu Group is an investment company based in Inner Mongolia, China with a variety of businesses including coal mining and processing. Ms. Zhu was responsible for managing the financial operations and investments of Tianyu Group. She joined Tianyu Group in 2011 and served as a business manager in the finance department of Tianyu Group between 2012 and 2015.

Ms. Zhu obtained a bachelor of art degree in Japanese language and literature at Guangdong University of Foreign Studies in 2009 and a bachelor degree in accounting at Harbin University of Science and Technology in 2016. She is a member of the Canadian Institute of Corporate Directors.

The Company's board of directors wishes to express its great gratitude to Mr. Alan Ho for his leadership, guidance and commitment to the Company in his capacity as the Chief Financial Officer between February 2021 and February 2024.

About SouthGobi

SouthGobi, listed on the Hong Kong Stock Exchange and the TSX Venture Exchange, 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
Email: info@southgobi.com

Mr. Ruibin Xu
Chief Executive Officer
Office: +1 604 762 6783 (Canada)
+852 2156 1438 (Hong Kong)
Website: www.southgobi.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: SouthGobi Resources Ltd.