Southgobi Resources Announces Resignation of Director
HONG KONG, CHINA -- (Marketwire) -- 04/18/12 -- SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878) today announced the resignation of director John Macken. Mr. Macken has been a member of the board since June 2007.
"We thank Mr. Macken for his guidance and service throughout the formative years of the Company," said Mr. Peter Meredith, Chairman of the Board.
About SouthGobi Resources
SouthGobi Resources is focused on exploration and development of its Permian-age metallurgical and thermal coal deposits in Mongolia's South Gobi Region. SouthGobi's flagship coal mine, Ovoot Tolgoi, is producing and selling coal to customers in China. SouthGobi plans to supply a wide range of coal products to markets in Asia.
Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but are not limited to, plans to supply a wide range of coal products to markets in Asia; and other statements that are not historical facts. When used in this document, the words such as "plan", "estimate", "expect", "intend", "may", "likely" and similar expressions are forward-looking statements. Although SouthGobi believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are disclosed under the heading "Risk Factors" in SouthGobi's Management Discussion and Analysis of Financial Condition and Results of Operations for the year ended Dec. 31, 2011 which are available at www.sedar.com.
Contacts:
SouthGobi Resources Limited
Dave Bartel
Vice President Investor Relations and External Affairs
(Hong Kong) +852 2156 7023
SouthGobi Resources Limited
Steven Feldman
Investor Relations Manager
(Vancouver) +1 604 331 9813
www.southgobi.com