SouthGobi Resources : Announcements and Notices - Overseas Regulatory Announcement

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)

Overseas Regulatory Announcement

This announcement is made by SouthGobi Resources Ltd. (HK: 1878, TSX: SGQ) (the "Company") pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange (the "Listing Rules").

The following documents have published on the website of the SEDAR filing system in Canada (www.sedar.com) in relation to the Company and are enclosed hereto as overseas regulatory announcement.

By order of the Board

SouthGobi Resources Ltd.

Mao Sun

Interim Independent Lead Director

Vancouver, June 29, 2018

Hong Kong, June 29, 2018

As at the date of this announcement, the independent non-executive directors of the Company are Messrs. Yingbin Ian He, Mao Sun and Ms. Jin Lan Quan; and the non-executive directors of the Company are Messrs. Wen Yao, Zhiwei Chen, Xiaoxiao Li and Ms. Lan Cheng.

* For identification purposes only

SouthGobi Resources Ltd.

Report of Voting Results

(Section 11.3 of National Instrument 51-102)

In respect to the Annual Meeting of the Shareholders of SouthGobi Resources Ltd. (the "Company") held on June 28, 2018 (the "AGM"), the following sets forth a brief description of each matter which was voted upon at the AGM and the outcome of the vote:

Appointment of Auditors - PricewaterhouseCoopers LLP, Chartered Accountants, was appointed as auditor of the Company to hold office for the ensuring year or until their successors are appointed. The ordinary resolution was passed by a majority of the votes cast by a show of hands.

The result of the vote by proxy with respect to the above matter is shown below:

Total shares votes in favour: Total votes withheld:

137,485,475 (99.96%)

54,200 (0.04%)Fixing the Number of Directors - The number of directors to be elected at the AGM was fixed at seven. The ordinary resolution was passed by a majority of the votes cast by a show of hands.

The result of the vote by proxy with respect to the above matter is shown below:

Total shares votes in favour: Total votes against:

137,245,530 (98.82%)

1,639,450 (1.18%)Election of Directors - The seven director nominees set forth in the Company's Management Proxy Circular, dated May 14, 2018, were elected as directors to hold office for the ensuing year or until their successors are elected or appointed. The ordinary resolution was passed by a majority of the votes cast by ballot.

The result of the vote by proxy with respect to the above matter is shown below:

Zhiwei Chen	votes for:	137,173,942 (99.91%)
votes withheld:	129,988 (0.09%)
Lan Cheng	votes for:	137,173,942 (99.91%)
votes withheld:	129,988 (0.09%)
Yingbin Ian He	votes for:	137,242,130 (99.95%)
votes withheld:	61,800 (0.05%)
Xiaoxiao Li	votes for:	137,173,942 (99.91%)
votes withheld:	129,988 (0.09%)
Jin Lan Quan	votes for:	137,243,330 (99.96%)
votes withheld:	60,600 (0.04%)
Mao Sun	votes for:	137,243,330 (99.96%)
votes withheld:	60,600 (0.04%)
Wen Yao	votes for:	137,173,892 (99.91%)
votes withheld:	130,038 (0.09%)

Messrs. Aminbuhe, Yulan Guo and Zhu Liu did not stand for re-election at the AGM. Following the AGM, Mr. Liu ceased to be an independent non-executive Director, Chairman Compensation and Benefits Committee and a member of the Audit and Nominating and Corporate Governance Committees, Mr. Guo ceased to be a non-executive Director and member of the Health, Environment, Safety and Social Responsibility Committee and Mr. Aminbuhe ceased to be a non- executive Director.

Employees' and Directors' Equity Incentive Plan - The shareholders reconfirmed and approved all the unallocated options, rights or other entitlements under the Company's Employees' and Directors' Equity Incentive Plan and also approved the maximum number of common shares issuable under the Equity Incentive Plan. The ordinary resolution was passed by a majority of the votes cast by ballot.

The result of the vote by ballot with respect to the above matter is shown below:Total shares votes in favour: Total votes against:

137,163,542 (98.76%)Dated at Vancouver, British Columbia this 29th day of June, 2018.

SOUTHGOBI RESOURCES LTD.

"Allison Snetsinger"

By:

Allison Snetsinger Corporate Secretary

1,721,438 (1.24%)