SouthGobi Resources Ltd. (TSX-V: SGQ)(HK:1878) ('SouthGobi' or the 'Company') announces that reference is made to the Management Proxy Circular of the Company dated July 20, 2023 (Vancouver time) (the 'Circular') and the announcement of the Company dated August 22, 2023 (Vancouver time) (the 'Announcement').

Unless the context otherwise requires, capitalized terms used herein shall have the same meanings as those defined in the Circular and the Announcement.

The Company is pleased to announce that the postponed Special Meeting of the shareholders of the Company (the 'Shareholders') which was originally scheduled for Wednesday, August 23, 2023, was held on Tuesday, August 29, 2023at 7:30 p.m. (Vancouver time), which is Wednesday, August 30, 2023 at 10:30 a.m. (Hong Kong time) (the 'Postponed Meeting') at the office of Dentons Canada LLP, 20th floor - 250 Howe Street, Vancouver, British Columbia, Canada. The following sets forth a brief description of the matter which was voted upon at the Postponed Meeting and the outcome of the vote:

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:

Email: info@southgobi.com

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