SouthGobi Resources Limited

Asian Activities Report for January 19, 2012 includes: King Jim Co., Ltd. (TYO:7962) says that its latest scanner product "iScamil" can easily convert iPad/iPad 2 into a portable scanner and digitises documents directly onto iPads; Anton Oilfield Services Group (HKG:3337) today announces its strategic objectives for 2012; SouthGobi Resources Limited (TSE:SGQ) (HKG:1878) says that the Company has successfully completed its 2011 guidance for coal sales and production; Rhythm Watch Co., Ltd. (TYO:7769) has released a new alarm clock product with many features for emergencies and disaster prevention.

Mongolian coking coal explorer Aspire Mining Limited (ASX:AKM) (PINK:ASPXF) said a review of its share register has revealed that Noble Group Limited (SIN:N21) (PINK:NOBGF) currently holds 4.1% of Aspire's issued share capital.

Aspire Mining Limited (ASX:AKM) (PINK:ASPXF) is pleased to announce the completion of the placement of 105,860,186 ordinary shares at A$0.19 per share to SouthGobi Resources Limited (TSX:SGQ).

Aspire Mining Limited (ASX:AKM) (PINK:ASPXF) is pleased to announce it has entered into a binding agreement with SouthGobi Resources Limited (TSE:SGQ) (HKG:1878), a leading Mongolian coal producer, that encompasses a A$20.1 million placement and strategic partnership.

SouthGobi Resources Ltd. (TSE:SGQ) (HKG:1878) announced today that its Board of Directors has authorized a share repurchase program to purchase up to 2.5 million common shares of the Company on each or either of the Toronto Stock Exchange ("TSX") and the Hong Kong Stock Exchange ("SEHK"), in aggregate representing approximately up to 5 million common shares or 2.7% of the current outstanding common shares of the Company. Except for exceptions related to block trades, for purchases made on the TSX the Company also is subject to a daily restriction of purchasing no more than 28,003 common shares representing 25% of the average daily trading volume for the last 6 months. At the close of business on June 8, 2010 the Company had 183,779,817 issued and outstanding common shares.

US stocks fell on Friday led by financial sector as JPMorgan Chase reported heavy fourth-quarter losses on mortgage and credit card loans. Shares in Intel also declined despite it reported a biggest gross profit margin in its history, as investors grew fearful that the stock may be near its peak. For the week, Dow index fell 8.54 points, or 0.08%.

Coalspur Mines Limited (ASX:CPL)(PINK:CSPZF) is pleased to advise that it has further strengthened its management team with the appointment of two senior coal mining and development executives. Mr Denis Lehoux will join the Company as Vice President, Operations and Mr Dermot Lane will join the Company as Vice President, Development.