SouthGobi Energy Resources Ltd. (TSX:SGQ)(PINK SHEETS:SGQRF)(SEHK:1878)
announced today that it has completed the previously announced conversion of
US$250 million of the US$500 million convertible debenture ("the Debenture")
issued to Land Breeze II S.a.r.l., an indirect wholly owned subsidiary of China
Investment Corporation ("CIC") into 21,560,961 common shares of SouthGobi Energy
Resources.


Following the conversion, CIC, through its indirect wholly owned subsidiary,
owns approximately 13% of the common shares of SouthGobi Energy Resources.


China Investment Corporation

CIC is the sovereign wealth fund of the People's Republic of China.

Information about CIC is available on its website:
www.china-inv.cn/cicen/about_cic/aboutcic_overview.html


About SouthGobi Energy Resources

SouthGobi Energy Resources is focused on exploration and development of its
Permian-age metallurgical and thermal coal deposits in Mongolia's South Gobi
Region. The Company's flagship coal mine, Ovoot Tolgoi, is producing and selling
coal to customers in China. The Company plans to supply a wide range of coal
products to markets in Asia.


Forward-Looking Statements: This document includes forward-looking statements.
Forward-looking statements include, but are not limited to, Plans to supply a
wide range of coal products to markets in Asia; and other statements that are
not historical facts. When used in this document, the words such as "plan",
"estimate", "expect", "intend", "may", and similar expressions are
forward-looking statements. Although SouthGobi believes that the expectations
reflected in these forward-looking statements are reasonable, such statements
involve risks and uncertainties and no assurance can be given that actual
results will be consistent with these forward-looking statements. Important
factors that could cause actual results to differ from these forward-looking
statements are disclosed under the heading "Risk Factors" in SouthGobi's
Management Discussion and Analysis of Financial Condition and Results of
Operations for the year ended Dec. 31, 2009, which are available at
www.sedar.com.
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