IONDRIVE LIMITED — Director's Dealing 2016

Oct 23, 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	18 April 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 or indirect interest		Direct and Indirect	Direct and Indirect	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			11 October 2016
	No. of securities held prior to change			DIRECT333,334 Unlisted options exercisable at37.5 cents per share on or before 18November 2020
				IN	DIRECT
				25	0,000 ordinary shar	es
	Class		Or		dinar Shares
					y
	Number acquired			DI	RECT
				13IN	,158 ordinary shareDIRECT	s
				80	,263 ordinary share	s
	Number disposed			N	il

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		In-specie distribution shares from AsiaticGold Ltd as consideration for SouthernGold’s script acquisition of InternationalGold Private Ltd as announced on 8 July2016 which were independently valued at$1.438 per share.
No. of securities held after change		DIRECT-13,158 ordinary shares-333,334 unlisted options exercisableat 37.5 cents on or before 18November 2020INDIRECT-330,263 ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back		In-specie distribution from Asiatic Gold Ltd

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) ofshould be disclosedinthis part.	the definition of “notifiable interest of a director”
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 interestrelated prior to changeNote: Details are only required for a contract in relation to which theinterest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and an estimatedvaluation	N/A
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