Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SOUTHGOBI RESOURCES LTD.

南戈壁資源有限公司*

(A company continued under the laws of British Columbia, Canada with limited liability)

(Hong Kong Stock Code: 1878) (Toronto Stock Code: SGQ)

SouthGobi Resources to announce fourth quarter and full year 2016 financial results on March 31, 2017 HONG KONG - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (the "Company") announces that the board of directors (the "Board") of the Company will meet on Friday, March 31, 2017 to consider and approve the fourth quarter and full year 2016 financial results of the Company and its subsidiaries. These financial results will be released on March 31, 2017.

By order of the Board

SouthGobi Resources Ltd. Mr. Ningqiao Li

Chairman

Hong Kong, March 21, 2017

As at the date of this announcement, the executive directors of the Company are Messrs. Ningqiao Li, Aminbuhe and Yulan Guo; the independent non-executive directors are Messrs. Zhu Liu, Mao Sun, Joseph Belan and Ms. Jin Lan Quan; the non-executive director is Mr. Huiyi Wang.

* For identification purposes only

March 21, 2017

SouthGobi Resources to announce fourth quarter and full year 2016 financial results on March 31, 2017 HONG KONG - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (the "Company") announces that the board of directors (the "Board") of the Company will meet on Friday, March 31, 2017 to consider and approve the fourth quarter and full year 2016 financial results of the Company and its subsidiaries. These financial results will be released on March 31, 2017. 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.

Contact: Investor Relations

Kino Fu

Office: +852 2156 7030

Email: kino.fu@southgobi.com Website: www.southgobi.com

SouthGobi Resources Ltd. published this content on 21 March 2017 and is solely responsible for the information contained herein.
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