SOUTHGOBI RESOURCES

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SouthGobi Resources Ltd. : - Announcements and Notices, Resumption plan and business Update

11/17/2020 | 11:12am

This announcement is made by SouthGobi Resources Ltd. (the 'Company') pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance.

Reference is made to the announcements of the Company dated September 3, September 13, September 30 and October 4, 2020 (the 'Announcements'). Unless otherwise defined herein, terms used in this announcement shall have the same meanings as those defined in the Announcements.

This announcement provides a quarterly update on resumption progress and the update on the business operations of the Company.

Forward-Looking Statements

Certain information included in this press release that is not current or historical factual information constitutes forward-looking statements or information within the meaning of applicable securities laws (collectively, 'forward-looking statements'), including information about the completion of the audit and will be able to publish the 2019 Audited Annual Results, the dispatch of 2019 Annual Report, the publication of 2020 quarterly financial results, the filing of application for the CTO revocation. Forward looking statements are frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'could', 'should', 'seek', 'likely', 'estimate' and other similar words or statements that certain events or conditions 'may' or 'will' occur. Forward-looking statements are based on certain factors and assumptions including, among other things, the completion of the audit and will be able to publish the 2019 Audited Annual Results, the dispatch of 2019 Annual Report, the publication of 2020 quarterly financial results, the filing of application for the CTO revocation. and other similar factors that may cause actual results to differ materially from what the Company currently expects. Actual results may vary from the forward-looking statements. Readers are cautioned not to place undue importance on forward-looking statements, which speaks only as of the date of this disclosure, and not to rely upon this information as of any other date. While the Company may elect to, it is under no obligation and does not undertake to, update or revise any forward-looking statements, whether as a result of new information, further events or otherwise at any particular time, except as required by law. Additional information concerning factors that may cause actual results to materially differ from those in such forward-looking statements is contained in the Company's filings with Canadian securities regulatory authorities and the website of the Hong Kong regulatory filings and disclosures of listed issuer information. These can be found under the Company's profile on SEDAR and HKEXnews respectively, at www.sedar.com and www.hkexnews.hk.

Contact:

Tel: +976-7007-0710

Fax: +976-7007-0720

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