IONDRIVE LIMITED — Director's Dealing 2016

Jul 3, 2016

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 30/09/01 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	David John Turvey
Date of last notice	12 February 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

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	Indirect
Nature of indirect interest	Mr	DJ and Mrs AS Turvey (Red Balloon
(including registered holder)Note: Provide details of the circumstances giving rise to the	Superannuation Fund A/C)
relevant interest.
Date of change	30	June 2016
No. of securities held prior to change	DIRECT
		NIL
	INDIRECT
		413,036 listed ordinary shares
		133,334 unlisted options exercisable at
		37.5 cents on or before 30 November
		2019
Class		Fully paid ordinary shares
Number acquired	INDIRECT
		34,471 fully paid ordinary shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated		$0.2901 per share
valuation

• 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NILINDIRECT447,507 listed ordinary shares133,334 unlisted options exercisable at37.5 cents on or before 30 November2019
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back		34,471 fully paid ordinary sharesissued in lieu of Directors fees for theperiod 1 January 2016 to 30 June 2016as approved by shareholders at theAGM on 22 October 2015.

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(if issued securities)	N/A
Date of change	N/A
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand anestimatedvaluation	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?	Yes
If so, was prior written clearance provided to allowthe trade to proceed during this period?	Yes
If prior written clearance was provided, on whatdate was this provided?	Per AGM held on 22 October2015

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011