HONG KONG, CHINA — (Marketwire) — 09/03/12 — SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878) („SouthGobi“) was notified today that Turquoise Hill Resources Ltd., and Chalco have agreed to terminate the lock-up agreement between them, including Chalco-s obligation to make a proportional takeover bid for up to 60%, but not less than 56% of the common shares of SouthGobi. The press release issued by Turquoise Hill regarding the termination is available on their website .
About SouthGobi Resources
SouthGobi Resources is focused on exploration and development of its Permian-age metallurgical and thermal coal deposits in Mongolia-s South Gobi Region. The company-s flagship coal mine, Ovoot Tolgoi, produces and sells coal to customers in China. The company plans to supply a wide range of coal products to markets in Asia.
Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but are not limited to, plans to supply a wide range of coal products to markets in Asia; and other statements that are not historical facts. When used in this document, the words such as „plan,“ „estimate,“ „expect,“ „intend,“ „may,“ „likely“ and similar expressions are forward-looking statements. Although SouthGobi believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are disclosed under the heading „Risk Factors“ in SouthGobi-s Management Discussion and Analysis of Financial Condition and Results of Operations for the quarter ended June 30, 2012 which is available at .
Contacts: SouthGobi Resources Ltd. Dave Bartel Vice President Investor Relations and External Affairs (Hong Kong) +852 2156 7023
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