IONDRIVE LIMITED — Director's Dealing 2019

Jul 24, 2019

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	Simon Francis Mitchell
Date of last notice	30 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)		•Mitchell Super Fund A/C
Date of change		25 July 2019
No. of securities held prior to change		Direct•333,334 Unlisted options exercisable at37.5 cents on or before 18 November 2020•1,000,000 Unlisted options exercisable at40 cents on or before 25 October 2020•1,000,000 Unlisted options exercisable at50 cents on or before 25 October 2020Indirect•510,000 Fully paid ordinary shares
Class		•Fully paid ordinary shares•Unlisted options
Number acquired		•170,000 Full paid ordinary shares•85,001 Unlisted options exercisable at 18cents on or before 31 December 2021
Number disposed		Nil

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation		•$18,700•Free attaching options
No. of securities held after change		Direct•333,334 Unlisted options exercisable at37.5 cents on or before 18 November 2020•1,000,000 Unlisted options exercisable at40 cents on or before 25 October 2020•1,000,000 Unlisted options exercisable at50 cents on or before 25 October 2020Indirect•680,000 Fully paid ordinary shares•85,001 Unlisted options exercisable at 18cents on or before 31 December 2021
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back		Participation in the Pro Rata Rights Issue asannounced on 17 June 2019.

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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded No during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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