IONDRIVE LIMITED — Director's Dealing 2009

Nov 8, 2009

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	Gregory Colin Boulton
Date of last notice	7 May 2009

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	INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	The Greg Boulton Family Superannuation Fund
Date of change	30 October 2009
No. of securities held prior to change	DIRECT ♦ NIL INDIRECT ♦ 650,000 ordinary shares
Class	Unlisted options
Number acquired	DIRECT ♦ NIL INDIRECT ♦ 500,000 unlisted options to acquire ordinary shares @ $0.15 expiring 30.10.2013

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.15 / option
No. of securities held after change	DIRECT ♦ NIL INDIRECT ♦ 650,000 ordinary shares ♦ 500,000 unlisted options to acquire ordinary shares @ $0.15 expiring 30.10.2013
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation inbuy-back	Issue of options as authorised by shareholders at recent AGM
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	Stephen Richard Biggins
Date of last notice	13 February 2009

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	INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Nowak Investments Pty Ltd
Date of change	30 October 2009
No. of securities held prior to change	DIRECT ♦ 1,500,000 ordinary shares ♦ 1,000,000 unlisted options to acquire ordinary shares @ $0.50 expiring 27.11.2011 INDIRECT ♦ 2,257,727 ordinary shares ♦ 500,000 unlisted options to acquire ordinary shares @ $0.75 expiring 28.11.2012
Class	Unlisted options

• See chapter 19 for defined terms.

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11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number acquired	DIRECT ♦ NIL INDIRECT ♦ 1,000,000 unlisted options to acquire ordinary shares @ $0.15 expiring 30.10.2013
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.15 / option
No. of securities held after change	DIRECT ♦ 1,500,000 ordinary shares ♦ 1,000,000 unlisted options to acquire ordinary shares @ $0.50 expiring 27.11.2011 INDIRECT ♦ 2,257,727 ordinary shares ♦ 500,000 unlisted options to acquire ordinary shares @ $0.75 expiring 28.11.2012 ♦ 1,000,000 unlisted options to acquire ordinary shares @ $0.15 expiring 30.10.2013
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation inbuy-back	Issue of options as authorised by shareholders at recent AGM

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.

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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