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Dismissal of the lawsuit against SGS based on arbitration clause in fuel supply agreement

HONG KONG, CHINA--(Marketwired - Feb. 1, 2017) - SouthGobi Resources Ltd. (TSX: SGQ)(HKSE:1878) ("SouthGobi" or the "Company") announces that the Khan-Uul District Civil Court of First Instance in Mongolia (the "Court") has dismissed the litigation raised by Magnai Trade LLC ("MT") against SouthGobi Sands LLC ("SGS"), a subsidiary of the Company, in relation to a claim of MNT 22.2 billion (approximately US$ 8.9 million) on the basis that if the dispute cannot be amicably resolved, it must be

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