IONDRIVE LIMITED — Capital/Financing Update 2020

Aug 27, 2020

Market Announcement

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28 August 2020

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Southern Gold Limited (ASX: SAU) – Trading Halt

Description

The securities of Southern Gold Limited (‘SAU’) will be placed in trading halt at the request of SAU, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 1 September 2020 or when the announcement is released to the market.

Issued by

Alex Sutton

Compliance Adviser, Geology, Listings Compliance (Sydney)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

28 August 2020 ASX Limited

28 August 2020

ASX Market Announcements ASX Limited

Dear Sir/Madam

TRADING HALT REQUEST SOUTHERN GOLD LIMITED (ASX: SAU)

Southern Gold Limited requests a trading halt be placed on its securities immediately, pending an announcement to the market in relation to a capital raise.

Southern Gold is not aware of any reason that a trading halt should not be placed on its securities.

The trading halt is expected to be lifted by no later than commencement of trading on 1 September 2020, pending release of an announcement by Southern Gold in relation to the capital raising.

Yours sincerely,

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Dan Hill Company Secretary

Southern Gold Limited 10 George Street ABN 30 107 424 519 Stepney SA 5069

PO Box 255 Kent Town SA 5071

email info@southerngold.com.au telephone 08 8368 8888 web southerngold.com.au facsimile 08 8363 0697