Ms. Galina Rogova reports

SOUTHGOBI ANNOUNCES THE EXTENSION OF THE TSX DELISTING REVIEW

SouthGobi Resources Ltd.'s delisting review has been extended following confirmation that the continued listing committee of the Toronto Stock Exchange has determined to defer its delisting decision until no later than June 24, 2015.

On Feb. 25, 2015, the company was placed on a remedial delisting review in connection with its reliance on the financial hardship exemption, which allowed the company to complete the private placement with Novel Sunrise Investments Ltd. without seeking shareholder approval. A delisting review is customary practice under TSX policies when a listed company relies on the financial hardship exemption; refer to the company's management discussion and analysis issued on May 11, 2015, and available on SEDAR for additional detail.

On May 12, 2015, the company requested an extension of the delisting review following delays in the closing of the share purchase agreement between Novel Sunrise and Turquoise Hill Resources Ltd. and the associated delays in the implementation of the company's proposed financing plan, as discussed in the section liquidity and capital resources in the management discussion and analysis issued on May 11, 2015, and available on SEDAR.

On May 22, 2015, the company received confirmation that the committee of the TSX had extended the review and would meet on June 22, 2015, to consider whether the company has met the listing requirements of the TSX. The committee is expected to issue its decision on a potential delisting of the company's common shares on the TSX no later than June 24, 2015.

The company believes the above extension will provide it with sufficient time to continue with the implementation of the company's proposed financing plan and allow it to demonstrate that it will be compliant with the continued listing requirements of the TSX. However, no assurance can be provided as to the implementation of the proposed financing plan, nor the outcome of the remedial delisting review.

For additional detail, refer to the section liquidity and capital resources under the heading TSX financial hardship exemption application and status of listing on the TSX in the management's discussion and analysis issued on May 11, 2015, and available on SEDAR.