SouthGobi Resources to announce Fourth Quarter and Full Year 2013 Financial Results

Ulaanbaatar /MONTSAME/ The board of directors of SouthGobi Resources Ltd will meet on March 24 to consider and approve the fourth quarter and full year 2013 financial results of the Company and its subsidiaries, the marketwatch.com published Wednesday. These financial results will be released before TSX market open. The Company will host a conference call and audio webcast to discuss fourth quarter and full year 2013 financial results and provide an update on the Company's operations. 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.