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IONDRIVE LIMITED Share Issue/Capital Change 2007

Apr 10, 2007

65132_rns_2007-04-10_3c085545-9c9e-4dfa-a04b-7e39a24ac2ec.pdf

Share Issue/Capital Change

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11 April 2007

The Manager Companies Announcements Office Australian Stock Exchange 20 Bridge Street SYDNEY NSW 2000

Dear Sir

EXPIRATION OF RESTRICTION PERIOD

Pursuant to the listing rules of ASX, the directors of Southern Gold Limited advise, that 12,095,440 fully paid shares are due for release from escrow on 26th April 2007.

The Company shall apply to ASX for quotation of the above securities from the date of release

Yours Faithfully

Michael Billing Director

Phone: 08 8295 5779