IONDRIVE LIMITED — Director's Dealing 2020

May 13, 2020

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	Douglas Kirwin
Date of last notice	14 February 2020

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	1.	Direct
	2.	Indirect
Nature of indirect interest(including registered holder)	•	Zero Nominees Pty Ltd
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	•	14 May 2020
No. of securities held prior to change	Direct
	•	100,000	Unlisted	options
		exercisable	at 24 cents	on or
		before 15 September 2023
	Indirect
	•	133,334 Fully	paid ordinary	shares
	•	66,667	Unlisted	options
		exercisable at 18 cents on or before
		31 December	2021
Class	1.	Unlisted Options exercisable at 24
		cents on or before 14 May 2024
	2.	Fully Paid Ordinary Shares
Number acquired	1.	400,000
	2.	200,000

• 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/Consideration	1.	Nil
Note: If consideration is non-cash, provide details and estimatedvaluation	2.	10 cents per share
No. of securities held after change	Direct
	•	100,000Unlistedoptions
		exercisable at 24 cents on or
		before 15 September 2023
	•	400,000UnlistedOptions
		exercisable at 24 cents on or
		before 14 May 2024
	Indirect
	•	333,334 Fully paid ordinary shares
	•	66,667Unlistedoptions
		exercisable at 18 cents on or before
		31 December 2021
Nature of change	1.	Options issued to Director as
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation in		approved by Shareholders on 7
buy-back		May 2020
	2.	Placement,asapprovedby
		Shareholders on 7 May 2020

Part 2 – Change of director’s interests in contracts

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 Interest acquired Interest disposed Value/Consideration 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

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3