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SouthGobi Resources Ltd.

10:50 AM EST - SouthGobi Resources Ltd. : Announced that Land Breeze has entered into an agreement to sell all of its interests in the Company, including its 64,766,591 common shares of the Company and the $250 million U.S. convertible debenture dated November 19, 2009 to JD Zhixing Fund LP. As disclosed in the Land Breeze Press Release, completion of the Sale Transaction is subject to the satisfaction of certain conditions precedent. SouthGobi Resources Ltd. shares T.SGQ are trading up $0.01 at $0.18.