Mr. Matthew O’Kane, Vice President, Commercial Operations and Investor Relations, South Gobi Resources

1. MINES AND MONEY
TSX: SGQ HKEx: 1878
HONG KONG – MARCH 2011

2. 2
Disclaimer
Forward-looking statements
This presentation includes certain “forward-looking statements.” All statements, other than
statements of historical fact, are forward-looking statements that involve various risks and
uncertainties. There can be no assurances that such statements will prove accurate, and actual
results and future events could differ materially from those anticipated in such statements. Such
information contained herein represents management’s best judgment as of the date hereof based
on information currently available. The company does not assume the obligation to update any
forward-looking statement.
Qualified Persons
The technical information in this presentation is derived from SouthGobi’s news releases, each of
which has been reviewed by one or more qualified persons (QPs), as defined by NI 43-101. Copies
of the releases naming the QPs are available at Sedar or www.southgobi.com.

3. 3
Strategically located – closest coal to China
Nearest coal production base to China and infrastructure
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MONGOLIA
CHINA
Assets (2 mining licenses and 14 exploration licenses) predominantly in Ovoot Khural
Basin – 40km from China border crossing with rail. Continued build out of rail in China
Flagship Ovoot Tolgoi Mine:
— Semi-soft coking coal
— Favorable geology. Thick seams, low strip ratio open pit

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China is ‘here to stay’ as a coal importer
2 Markets and marketing
Market dynamic
Coal demand continues to grow 5-8% per year
Domestic resource quality is reducing rapidly – only 25% of remaining coking coal
resource shallower than 400m
Costs increasing – coking coal cash costs now around US$110/t (twice 2006)
Mongolia – natural supplier
Infrastructure being developed and scalable
Located closer to faster growing markets – inland west consumption forecast 9-10% per year
2009 2010
34.5mt 47.3mt
Growth: 2010 vs. 2009
Mongolia 278%
Australia -23%
Canada 8%
China coking coal imports by source

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Rapidly diversifying customer base
3 Markets and marketing
SouthGobi customers and pricing
Improved product pricing
Chines
e
traders
Global
traders
End
users
2H 2008
1H 2009
2H 2009
1H 2010
2H 2010
1H 2011
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6. 6
Sales and Revenue (2009 – 2010)
Financials
Sales and revenue
Sales volume
(mt)
Semi-soft
Raw high-
ash
0.1 0.4 0.5 0.4 0.4 0.4 0.1 0.41.3 1.3
- - - - 0.0 0.0 0.1 1.1- 1.3
Average selling price
declined in Q4 2010
due to an increased
mix of raw high-ash
high-sulphur coal
Overall average
selling price for 2010
higher at $35/t
2010 revenue $79.8m
121% higher than
2009
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7. 7
Direct and total cash cost of product sold (2009 – 2010)
Financials
Cash costs
Shovels /
excavators
operating
Strip ratio
(BCM:tonne
)
1 1 1 2 2 2 2 3
2.2 - 2.9 5.4 6.8 2.8 5.1 2.63.4 3.5
Costs falling during
2010 with Q4 2010
being lowest cash
cost production
quarter
Commissioning of
newer larger fleets
partially offsetting
increasing fuel price
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8. 8
Ovoot Tolgoi production and waste material mined (2009–2010)
Mining
Production
Growth through
2010 with
commissioning of
additional fleets
Total material
moved in 2010
approximately 327%
more than 2009
Shovels /
excavators
operating
Strip ratio
(BCM:tonne
)
1 1 1 2 2 2 2 3
2.2 - 2.9 5.4 6.8 2.8 5.1 2.63.4 3.5
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9. 9
Physical exploration activity (2009–2010)
Exploration
Largest exploration
campaign ever in
2010
Almost one third of
activity focused on
Soumber area
Resources to be
updated in coming
weeks
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