Announcement

Bluebird RNS Released: Kochang Underground Sampling Results Reported

16 May 2018

Kochang Underground Sampling Results Reported

Bluebird Merchant Ventures release to London Stock Exchange;

Kochang Gold Project

  • Potential early production source identified
  • Initial programme demonstrates impact of sorting
  • Estimates of operating costs and hence potential operating profit

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 regarding Southern Gold’s Kochang Gold Projects in South Korea where Bluebird is currently earning a 50% equity interest.The RNS can be accessed via the London Stock Exchange website at:

https://bluebirdmv.com/2018/05/15/kochang-underground-grab-sample-results/

Neither the sampling results or statements in this RNS have been independently validated or verified by the Southern Gold board and therefore Southern Gold is not to be regarded as reporting, adopting or endorsing the information in the RNS.The sampling results announced by Bluebird are not reported in accordance with the JORC Code 2012.

Bluebird is currently investing a total of US$1 million in the advancement of the historic Gubong and Kochang Gold Mines principally by defining a development framework to advance the projects on a capital cost of less than US$10 million.The report and development framework are due to be submitted to Southern Gold in mid-2018. Refer to Southern Gold ASX release dated 27 March 2017 for further details.