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IONDRIVE LIMITED Capital/Financing Update 2016

Apr 3, 2016

65132_rns_2016-04-03_98c6b8a2-4e5b-4e22-9f5a-1882e1eb29b8.pdf

Capital/Financing Update

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MARKET RELEASE

4 April 2016

Southern Gold Limited

TRADING HALT

The securities of Southern Gold Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Wednesday 6 April 2016 or when the announcement is released to the market.

Security Code: SAU

Jill Hewitt

SENIOR ADVISER, LISTINGS COMPLIANCE (PERTH)

Level 40 Central Park 152-158 St Georges Terrace Perth WA 6000

www.asx.com.au Phone:08 9224 0000 Customer service 13 12 79

ASX Compliance Pty Limited ABN 26 087 780 489

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4 April 2016

Mr S Bednarczyk Listings Compliance (Perth) ASX Compliance Pty Ltd 152-158 St Georges Terrace PERTH WA 6000

Dear Sebastian,

TRADING HALT REQUEST

Southern Gold Limited (ASX:SAU) requests a trading halt be put on its securities immediately pending an announcement of a material acquisition to the market.

Southern Gold Limited can see no reason why a trading halt should not be put on its securities.

The suspension is expected to be lifted by no later than before commencement of trading on Wednesday 6 April 2016 following an announcement of the transaction.

Yours sincerely,

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Dan Hill Company Secretary

Southern Gold Limited Level 1 PO Box 255 email [email protected] telephone 08 8368 8888 ABN 30 107 424 519 8 Beulah Road Kent Town web southerngold.com.au facsimile 08 8368 8899 Norwood SA 5065 SA 5067