IONDRIVE LIMITED — Director's Dealing 2017

Oct 29, 2017

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	MICHAEL ROBERT BILLING
Date of last notice	15 September 2017

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.		Mr M R and Mrs B Billing (Lapun Kamap Superannuation Fund A/c)
Date of change		26 October 2017
No. of securities held prior to change		DIRECT  194,465 ordinary shares INDIRECT  364,346 ordinary shares  133,334 unlisted options exercisable at 37.5 cents on or before 30 November 2019
Class		Unlisted Options
Number acquired		DIRECT  250,000 Unlisted Options exercisable at 40 cents on or before 25 Oct 2020 INDIRECT  250,000 Unlisted Options exercisable at 50 cents on or before 25 Oct 2020
Number disposed		Nil

• 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		Nil
No. of securities held after change		DIRECT  194,465 ordinary shares INDIRECT  364,346 ordinary shares  133,334 unlisted options exercisable at 37.5 cents on or before 30 November 2019  250,000 Unlisted Options exercisable at 40 cents on or before 25 Oct 2020  250,000 Unlisted Options exercisable at 50 cents on or before 25 Oct 2020
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		 Options issued to Directors, as approved by Shareholders on 25 October 2017

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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and anestimatedvaluation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3