SouthGobi Resources Ltd. (TSX:SGQ) (HKSE:1878) ("SouthGobi" or the "Company")
has been notified that Turquoise Hill Resources Ltd. ("Turquoise Hill") has
entered into a share purchase agreement to sell a 29.95% stake in the Company to
National United Resources Holdings Limited ("NUR"), a Hong Kong-based public
company listed on the main board of the Stock Exchange of Hong Kong Limited
("SEHK"). 


Under the terms of the agreement, which was effected in accordance with and in
reliance upon the "private agreement" exemption under the Canadian takeover bid
regime, Turquoise Hill has agreed to sell 56,102,000 common shares that it owns
in the capital of the Company to NUR at a price of CAD0.455 per common share,
following which Turquoise Hill would continue to hold 48,705,155 shares of the
Company, representing approximately a 26.00% stake in the Company. SouthGobi
notes that under the proposed transaction, approximately CAD12.8 million in cash
will be received by Turquoise Hill at closing and deferred consideration of
approximately CAD12.8 million will be payable to Turquoise Hill one year after
the closing of the transaction.


Closing is subject to certain closing conditions, including approval of both the
SEHK as well as NUR's shareholders. Closing is expected to occur no later than
November 30, 2014.


Upon closing of the transaction, the Company expects that two persons nominated
by NUR will be appointed to the board of directors of the Company. 


SouthGobi will continue to focus on its business and drive to deliver upon its
2014's objectives with the usual high priority on safety. 


About SouthGobi

SouthGobi is listed on the Toronto and Hong Kong stock exchanges, in which
Turquoise Hill Resources Ltd. ("Turquoise Hill"), also publicly listed in
Toronto and New York, has a 56% shareholding. Turquoise Hill took management
control of SouthGobi in September 2012 and made changes to the board and senior
management. Rio Tinto has a majority shareholding in Turquoise Hill.


SouthGobi is focused on exploration and development of its metallurgical and
thermal coal deposits in Mongolia's South Gobi Region. It has a 100%
shareholding in SouthGobi Sands LLC, Mongolian registered company that holds the
mining and exploration licenses in Mongolia and operates the flagship Ovoot
Tolgoi coal mine. Ovoot Tolgoi produces and sells coal to customers in China. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investors Relations
Galina Rogova
Office: +852-2839-9208
galina.rogova@southgobi.com


Media Relations
Altanbagana Bayarsaikhan
Office: +976 70070710
altanbagana.bayarsaikhan@southgobi.com
www.southgobi.com