SouthGobi Resources Ltd today announced the appointment of Bold Baatar as a non-executive director of the Company effective immediately.

Mr. Bold Baatar, 40, currently serves as the President, International Operations of Rio Tinto Copper group. Prior to joining Rio Tinto, Mr. Baatar was CEO of Golden East LLC, a gold exploration and mining company in Mongolia. Previously, Mr. Baatar was CEO of Newcom, where he managed and built a diverse investment portfolio across the telecom, airline, property management, mining services and renewable energy sectors. He held senior-level positions with JP Morgan in London, Moscow and New York, where he acquired extensive experience in the mergers, acquisitions and divestment arena. Mr. Baatar holds a Bachelor of Industrial Engineering degree from Mongolian Technical University and a Masters of Business Administration from the University of Bridgeport in Connecticut, US. Mr. Baatar is Chair of the Board of the Mongolian National Mining Association and a member of the Executive Board of Business Council of Mongolia.

Mr. Baatar has not held any directorships in publicly listed companies in the past three years. Mr. Baatar owns no shares or options in the Company or in Turquoise Hill Resources Ltd. (“Turquoise Hill”), the Company”s majority shareholder, and no shares or options in Rio Tinto, Turquoise Hill”s majority shareholder.

There is no specific term or proposed length of services for Mr. Baatar”s appointment, but he is subject to retirement and re-election at annual general meeting of the Company in accordance with the article of continuation of the Company. Mr. Baatar does not have any relationship with any other directors, senior management, substantial or controlling shareholders of the Company other than as disclosed above. Save as disclosed above, there is no other information relating to the appointment of the Mr. Baatar as a non-executive director that is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the “Listing Rules”) nor any matters that need to be brought to the attention of the shareholders of the Company. Save as disclosed above, the new non-executive director does not have any interest in the shares of the Company within the meaning of part XV of the Securities and Future Ordinance.

As a non-executive director, Mr. Baatar will receive a fee of C$25,000 per annum and C$1,500 per in-person meeting attended and C$600 per conference call meeting attended. He will also receive a travel allowance of C$2,000 per round-trip in excess of four hours travel time. As Mr. Baatar is an employee of Rio Tinto, the majority shareholder of Turquoise Hill, his fees are payable to Rio Tinto.