IONDRIVE LIMITED — Director's Dealing 2017

Oct 29, 2017

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	Gregory Colin Boulton
Date of last notice	20 October 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		Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.		The Greg Boulton Family SuperannuationFund
Date of change		26 October 2017
No. of securities held prior to change		DIRECTNILINDIRECT1,666,883 listed ordinary shares133,334 unlisted options exercisable at37.5 cents on or before 30 November2019
Class		Unlisted Options
Number acquired		INDIRECT250,000 Unlisted Options exercisableat 40 cents on or before 25 Oct 2020250,000 Unlisted Options exercisableat 50 cents on or before 25 Oct 2020

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed		Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		Nil
No. of securities held after change		DIRECTNILINDIRECT1,666,883 listed ordinary shares133,334 unlisted options exercisable at37.5 cents on or before 30 Nov 2019250,000 Unlisted Options exercisableat 40 cents on or before 25 Oct 2020250,000 Unlisted Options exercisableat 50 cents on or before 25 Oct 2020
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back		OptionsissuedtoDirectors,asapproved by Shareholders on 25October 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.

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 to which interestrelated prior to change	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?
If prior written clearance was provided, on whatdate was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011