Mr Alexander Molyneux President and CEO of SouthGobi Resources Ltd announce the appointment of Mr Matthew O Kane CPA to the role of Chief Financial Officer effective July 1 2011. Mr O Kane replaces Mr Terry Krepiakevich CA.

Mr Krepiakevich who will remain as a Senior Advisor to the Company over the next reporting period, will be pursuing various business opportunities and will continue to serve on public and private boards.

Mr Molyneux said "We are very pleased to welcome Matthew to his new role at SouthGobi. He brings a strong background in financial management and analysis, and has proven to be a valuable member of our management team. At the same time, we extend our gratitude and good wishes to Terry. Since joining the Company in 2006, Terry has helped grow SouthGobi from a coal explorer to a successful mine development and operating company, and provided effective financial leadership. We greatly appreciate his dedication and service to the company."

Mr O Kane joined SouthGobi in January 2011. He has spent the past 16 years in finance roles within the manufacturing industry. During this time he worked for Ford Motor Company both in Australia and in the United States. Prior to joining SouthGobi and he spent over four years as the Finance Director and an Executive Director of Volvo Car Australia Pty Ltd a fully owned subsidiary of Volvo Car Corporation Sweden. He holds a Bachelor degree in Business and an MBA from the Royal Melbourne Institute of Technology and is a qualified CPA.