IONDRIVE LIMITED — Director's Dealing 2008

Jan 13, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Name of entity:	SOUTHERN GOLD LIMITED
ABN:	30 107 424 519

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	CEDRIC MURRAY HORN
Date of last notice	3 OCTOBER 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest		DIRECT + INDIRECT	DIRECT + INDIRECT
Nature of indirect interest (inc registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		HORNET RESOURCES ASSESSMENT SERVICES PTY LTD
Date of change		8 JANUARY 2008
No. of securities held prior to change		DIRECT ♦ 1,775,000 listed ordinary shares ♦ 575,000 unlisted options to purchase ordinary shares for 20 cents exercisable to 31 December 2007 INDIRECT • 260,000 listed ordinary shares • 50,000 unlisted options to purchase ordinary shares for 20 cents exercisable to 31 December 2007
Class		Ordinary shares
Number acquired		DIRECT 100,000 ordinary shares INDIRECT 50,000 ordinary shares
Number disposed		♦ ♦	DIRECT 575,000 unlisted options to purchase ordinary shares INDIRECT 50,000 unlisted options to purchase ordinary shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Disposed $0.1367 / option Acquired $0.20 / share
No. of securities held after change		DIRECT ♦ 1,875,000 listed ordinary shares INDIRECT • 310,000 listed ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Off market trade + options exercised

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
**Interest after change **	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity:	SOUTHERN GOLD LIMITED
ABN:	30 107 424 519

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	STEPHEN RICHARD BIGGINS
Date of last notice	11 JULY 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest		DIRECT + INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		GENEX RESOURCES PTY LTD
Date of change		8 JANUARY 2008
No. of securities held prior to change		DIRECT ♦ 1,500,000 ordinary shares ♦ 500,000 unlisted options to purchase ordinary shares for 20 cents exercisable to 31 December 2007 INDIRECT ♦ 1,857,727 listed ordinary shares ♦ 350,000 unlisted options to purchase ordinary shares for 20 cents exercisable to 31 December 2007
Class		Ordinary shares
Number acquired		INDIRECT N/A
Number disposed		DIRECT 500,000 unlisted options INDIRECT 350,000 unlisted options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.1367 / option
No. of securities held after change	DIRECT ♦ 1,500,000 unlisted escrowed ordinary shares INDIRECT ♦ 1,857,727 listed ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off market trade

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity:	SOUTHERN GOLD LIMITED
ABN:	30 107 424 519

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	JOHN ALEXANDER ANDERSON
Date of last notice	10 APRIL 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest		DIRECT + INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		AUSTRIKE RESOURCES PTY LTD
Date of change		8 JANUARY 2008
No. of securities held prior to change		DIRECT ♦ 2,522,727 listed ordinary shares ♦ 700,000 unlisted options to purchase ordinary shares for 20 cents exercisable to 31 December 2007 INDIRECT ♦ 81,000ordinary shares ♦ 46,500 unlisted options to purchase ordinary shares for 20 cents exercisable to 31 December 2007
Class		Ordinary shares Options to acquire ordinary shares
Number acquired		INDIRECT NIL

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed		DIRECT 700,000 Options to acquire ordinary shares INDIRECT 46,500 Options to acquire ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$0.1367 per option
No. of securities held after change		DIRECT ♦ 2.522,727 listed ordinary shares INDIRECT ♦ 81,000ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		OFF MARKET TRANSACTION

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity:	SOUTHERN GOLD LIMITED
ABN:	30 107 424 519

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	MICHAEL WALSH MCDONALD
Date of last notice	10 APRIL 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest		DIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change		8 JANUARY 2008
No. of securities held prior to change		DIRECT ♦ 1,714,320 listed ordinary shares ♦ 607,160 unlisted options to purchase ordinary shares for 20 cents exercisable to 31 December 2007 INDIRECT ♦ 420,227 listed ordinary shares
Class		Ordinary shares Options to acquire ordinary shares
Number acquired		INDIRECT NIL

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed		DIRECT 607,160 unlisted options INDIRECT NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$0.1367 / OPTION
No. of securities held after change		DIRECT ♦ 1,714,320 listed ordinary shares INDIRECT ♦ 420,227 listed ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Off market transaction

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity:	SOUTHERN GOLD LIMITED
ABN:	30 107 424 519

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	MICHAEL ROBERT BILLING
Date of last notice	7 November 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest		DIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change		8 JANUARY 2008
No. of securities held prior to change		DIRECT ♦ 1,500,000 ordinary shares ♦ 350,000 unlisted options to purchase ordinary shares for 20 cents exercisable to 31 December 2007 INDIRECT ♦ 307,045 listed ordinary shares
Class		♦ Ordinary shares ♦ Options to acquire ordinary shares
Number acquired		DIRECT 150,000 ordinary shares INDIRECT NIL

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed		DIRECT 350,000 options INDIRECT NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Disposed $0.1367 / option Acquired $0.20 / share
No. of securities held after change		DIRECT ♦ 1,650,000 ordinary shares INDIRECT ♦ 307,045 listed ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Off market trade + options exercised

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

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