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IONDRIVE LIMITED Capital/Financing Update 2005

Apr 19, 2005

65132_rns_2005-04-19_a025755e-8fa8-4901-8aad-4d56f7fb61b2.pdf

Capital/Financing Update

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MARKET RELEASE

20 April 2005

SOUTHERN GOLD LIMITED

ADMISSION TO OFFICIAL LIST

Southern Gold Limited was admitted to the Official List of Australian Stock Exchange Limited on Wednesday, 20 April 2005.

Official Quotation of the following securities will commence at 11.30 am E.S.T. on Thursday, 21 April 2005.

26,954,515

ordinary shares fully paid issued at \$0.20 per share

10,000,003

options exercisable at \$0.20 each on or before 31 March 2007

Security Codes:

SAU SAUO

Franc

Matthew Fraser Companies Adviser