HONG KONG, CHINA--(Marketwired - Jul 16, 2013) -
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company 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. |
| (a company continued under the laws of British Columbia, Canada with limited liability) |
| (Stock Code: 1878) |
SouthGobi Resources Ltd. (SGQ.TO)(1878.HK) today announced the appointment of Enkh-Amgalan Sengee as new President and Executive Director of SouthGobi Sands LLC ("SGS"), the Company's wholly-owned subsidiary, effective July 15, 2013.
Please see the attached announcement for more details.
| By order of the Board |
| SouthGobi Resources Ltd. |
| Ms. Kay Priestly |
| Chairperson |
Hong Kong, July 16, 2013
As of the date of this announcement, the executive Director is Mr. Kenneth Ross Tromans, the non-executive Directors are Ms. Kay Priestly, Mr. Lindsay Dove, Mr. Sean Hinton, Mr. Brett Salt, and Mr. Kelly Sanders, and the independent non-executive Directors are Mr. Pierre Bruno Lebel, Mr. Andre Henry Deepwell, and Mr. William Gordon Lancaster.
* For identification purposes only
| July 16, 2013 |
| SouthGobi Resources announces the appointment of Enkh-Amgalan Sengee as President and Executive Director of |
| SouthGobi Sands LLC |
HONG KONG - SouthGobi Resources Ltd. (SGQ.TO)(1878.HK) ("SouthGobi" or "Company") today announced the appointment of Enkh-Amgalan Sengee as new President and Executive Director of SouthGobi Sands LLC ("SGS"), the Company's wholly-owned subsidiary, effective July 15, 2013.
Mr. Enkh-Amgalan joins SGS from Clean Energy LLC, a subsidiary of Newcom Group, where he was CEO and led the successful development of the first commercial scale wind farm in Mongolia. Prior to this, he gained extensive experience in the extractive industry through a number of senior management positions at the MCS Group of companies. Most recently this included Chief Executive Officer of Nordstar Resources LLC and MCS Petro Mongolia LLC. Before this, he was Vice President, Corporate Development at Mongolian Mining Corporation.
Mr. Ross Tromans, President and CEO of SouthGobi said: "I am extremely pleased to welcome Enkh-Amgalan as SGS's new President and Executive Director and a member of the senior executive team. Enkh-Amgalan is not only a seasoned executive with extensive management skills but he also brings with him in-depth knowledge of the Mongolian mining and energy industries. All of us at SouthGobi look forward to working with and benefiting from Enkh-Amgalan's strong leadership and experience as we focus on strengthening the Company's core business performance and realizing its production potential."