Announcement

Bluebird RNS: Gubong Gold Project update

29 January 2018

Bluebird RNS: Gubong Gold Project

 Bluebird Merchant Ventures release to London Stock Exchange

 Competent Persons report on the Gubong Gold Project

 Report highlights project potential, including significant scale

 Metallurgical test work has commenced

Bluebird Merchant Ventures Ltd Public Release

Southern Gold Ltd (“Southern Gold”) advises that its development partner, London Stock Exchange (LSE) listed Bluebird Merchant Ventures Ltd (“Bluebird”), has released some information through the LSE information distribution platform, RNS. The information in this latest RNS is in regard to Southern Gold’s Gubong Gold Project in South Korea in which Bluebird is currently earning a 50% interest. The RNS can be seen on their website at:

https://bluebirdmv.com/2018/01/26/publication-comp...

The results or statements in this RNS have not been verified by the Southern Gold board as at the time of writing.

Bluebird is currently investing US$500,000 in the advancement of the historic Gubong Gold Mine principally by defining a development framework to advance the project on capital costs of less than US$10 million. The report and development framework is due to be submitted to Southern Gold in the second quarter of 2018. See Southern Gold ASX release dated 27 March 2017 for further details.

20170327 ASX - Farm In for Gubong and Taechang Projects.pdf