SouthGobi Announces Discloseable Transaction Entering Into a Build-Transfer Agreement in Relation to the Dry Coal Separation System

HONG KONG, HK / ACCESS Newswire / April 27, 2026 / SouthGobi Resources Ltd. (TSX-V:SGQ)(HK:1878) ("SouthGobi" or the "Company") announces that on April 22, 2026, the Company's wholly-owned Mongolian subsidiary, Southgobi Sands LLC ("SGS"), entered into a Build-Transfer agreement (the "BT Agreement") with Tangshan Shenzhou Manufacturing Group Co., Ltd (唐山神州機械集團有限公司) ("Tangshan Shenzhou"), pursuant to which Tangshan Shenzhou is responsible for the construction (excluding site preparation works) of a new dry coal separation system, including the key equipment of ZM600 礦物高效分離機 and IDS-2000 智能乾選機, which, for transliteration purpose only, mean high-efficiency mineral separation machine and intelligent dry selection machine, respectively (collectively, the "Dry Coal Separation System") at the Company's Ovoot Tolgoi Mine in Mongolia.