IONDRIVE LIMITED — Director's Dealing 2016

Nov 6, 2016

Appendix 3Y Change of Director’s Interest Notice

The 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 30/09/01 Amended 01/01/11

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	Simon Francis Mitchell
Date of last notice	24 October 2016

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 ant

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 and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.		Mr Simon F Mitchell + Ms Rachael E Elliott<Mitchell Super Fund A/C>
Date of change		a) 2 November 2016b) 4 November 2016
No. of securities held prior to change		DIRECT-13,158 ordinary shares-333,334 unlisted options exercisableat 37.5 cents on or before 18November 2020INDIRECT-330,263 ordinary shares
Class	Ordinary Shares
Number acquired		INDIRECTa) 60,000 ordinary sharesb) 15,312 ordinary shares
Number disposed		Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		a) $19,836.66b) $4,899.84

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change DIRECT - 13,158 ordinary shares - 333,334 unlisted options exercisable at 37.5 cents on or before 18 November 2020 INDIRECT - 405,575 ordinary shares Nature of change a) On market purchase Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, b) On market purchase participation in buy-back

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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contractsdetailed above traded during a+closed periodwhere prior written clearance was required?	No
If so, was prior written clearance provided to allowthe trade to proceed during this period?	N/A
If prior written clearance was provided, on whatdate was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011