An anonymous director reports

SOUTHGOBI ANNOUNCES RESIGNATION OF NON-EXECUTIVE DIRECTOR

Gang Li has tendered his resignation as a non-executive director of SouthGobi Resources Ltd. with effect from May 8, 2023, due to other personal commitments. Mr. Li confirmed that he has no disagreement with the board of the company or the senior management of the company, and there is no matter relating to his resignation as a non-executive director that needs to be brought to the attention of the company's shareholders.

The board would like to express its most sincere gratitude to Mr. Li for his invaluable contributions during his tenure as the non-executive director.

About SouthGobi Resources Ltd.

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 the South Gobi region of Mongolia. SouthGobi produces and sells coal to customers in China.