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	Simon Francis Mitchell
Date of last notice	18 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 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	Direct
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the
relevant interest.
Date of change	26	October 2017
No. of securities held prior to change	DIRECT
	-	333,334 unlisted options exercisable
		at 37.5 cents on or before 18
		November 2020
	INDIRECT
	-	510,000 ordinary shares
Class	Unlisted Options
Number acquired	DIRECT
	-	1,000,000 Unlisted Options
		exercisable at 40 cents on or before
		25 Oct 2020
	-	1,000,000 Unlisted Options
		exercisable at 50 cents on or before
		25 Oct 2020
Number disposed	-	Nil

• 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		DIRECT-Nil
No. of securities held after change		DIRECT-333,334 unlisted options exercisableat 37.5 cents on or before 18November 2020--1,000,000 Unlisted Optionsexercisable at 40 cents on or before25 Oct 2020-1,000,000 Unlisted Optionsexercisable at 50 cents on or before25 Oct 2020INDIRECT-510,000 ordinary shares
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?	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