SouthGobi Resources Ltd.

09:59 AM EST - SouthGobi Resources Ltd. : Would be making an application to the TSX Venture Exchange to list the Company's common shares on the TSX-V, as well as an application to the Toronto Stock Exchange for a voluntary delisting of its common shares from the TSX, subject to the Company receiving approval from the TSX-V of the TSX-V Listing Application. The Company has been notified by the TSX-V that the TSX-V is currently unable to approve the Company's TSX-V Listing Application because the Company does not satisfy the TSX-V's working capital listing requirements. SouthGobi Resources Ltd. shares T.SGQ are trading down $0.03 at $0.13.

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