SouthGobi Resources : Announcements and Notices - CHANGE OF COMPANY SECRETARY AND AUTHORIZED REPRESENTATIVES

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") 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)

CHANGE OF COMPANY SECRETARY AND

AUTHORIZED REPRESENTATIVES

SouthGobi Resources Ltd. (the "Company") hereby announces that Sir Kwok Siu Man KR ("Sir Seaman Kwok") has tendered his resignations as (i) the joint company secretary of the Company in Hong Kong (the "Hong Kong Company Secretary"); (ii) the authorized representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance, Chapter 622 of the laws of Hong Kong; and has ceased to act as (iii) an authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange (collectively, the "Authorized Representatives") with retrospective effect from January 1, 2021.

Sir Seaman Kwok has confirmed that he has no disagreement with the board of directors of the Company (the "Board") and there is no matter relating to his resignations that needs to be brought to the attention of the shareholders of the Company and the Hong Kong Stock Exchange.

The Company further announces that Ms. So Shuk Wan ("Ms. So") has been appointed as the Hong Kong Company Secretary and the Authorized Representatives with retrospective effect from January 1, 2021. Ms. So joined the Company in February 2011 and has been the assistant company secretary of the Company since 2018. Ms. So is an associate member of The Hong Kong Institute of Chartered Secretaries and a member of the Canadian Institute of Corporate Directors. Ms. So holds a Master of Corporate Governance degree from The Hong Kong Polytechnic University and a Bachelor of Business Administration degree in Finance from Baruch College, The City University of New York.

* For identification purposes only

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The Company would like to take this opportunity to express its gratitude to Sir Seaman Kwok for his valuable contribution to the Company during his tenure of service and welcome Ms. So on her new appointments.

By Order of the Board

SouthGobi Resources Ltd.

Mao Sun

Lead Director

Vancouver, January 4, 2021

Hong Kong, January 4, 2021

As at the date of this announcement, the executive director of the Company is Mr. Dalanguerban; the independent non-executive directors are Messrs. Yingbin Ian He, Mao Sun and Ms. Jin Lan Quan; and the non-executive directors are Messrs. Jianmin Bao, Zhiwei Chen, Ben Niu and Ms. Ka Lee Ku.

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