Mr. Ruibin Xu reports

UPDATE ON UPCOMING SPECIAL MEETING OF SHAREHOLDERS AND POSTPONEMENT OF THE RECORD DATE

SouthGobi Resources Ltd. has provided an update on its upcoming special meeting of shareholders which is scheduled to be convened on Thursday, Aug. 27, 2026, in Vancouver, B.C., Canada (that is, Friday, Aug. 28, 2026, in Hong Kong).

Reference is made to the announcements of the company dated June 12, 2026, and July 8, 2026. Unless otherwise specified, terms used in this announcement shall have the same meanings as defined in the announcements.

As a result of the company requiring additional time to finalize the management proxy circular and related materials for the meeting with respect to the disclosure relating to the March, 2026, deferral agreement, the company has decided to postpone the meeting and the record date.

Pursuant to the terms of the March, 2026, deferral agreement, the parties to the March, 2026, deferral agreement have agreed that the deadline to obtain TSX Venture Exchange acceptance and requisite shareholder approval of the March, 2026, deferral agreement shall be extended to Sept. 30, 2026.

The company will make a further announcement regarding the rescheduled date of the meeting and the record date as and when appropriate.

As at the date of this announcement, the executive directors of the company are Ruibin Xu, Chonglin Zhu and Chen Shen; the independent non-executive directors of the company are Yingbin Ian He, Jin Lan Quan and Fan Keung Vic Choi; and the non-executive directors of the company are Zhu Gao and Zaixiang Wen.

About SouthGobi Resources Ltd.

SouthGobi, listed on the Hong Kong Stock Exchange and the TSX Venture Exchange, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the mining licences of its other metallurgical and thermal coal deposits in South Gobi region of Mongolia. SouthGobi produces and sells coal to customers in China.

We seek Safe Harbor.