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SouthGobi Energy Resources

Tuesday, December 18th, 2007

Peter Meredith, CEO of SouthGobi Energy Resources Ltd. and Richard Gosse, Vice President Exploration, Metals Division, announce that the company’s metallic mineral division has discovered an encouraging low sulphidation epithermal gold and silver system on its 90% owned project in Java, Indonesia. The exact location of the project is not being disclosed at present for competitive reasons.
The discovery is located within an 8-kilometre by 2-3 kilometre structural corridor where other occurrences of sinter, silica caps, high level epithermal veins and anomalous levels of gold and silver have been recently recognized.
An initial program of more than 70 trenches has identified numerous high level epithermal veins in an area that is 520 metres wide and 200 metres in length. The veins are open to the southwest and may extend beneath a silica cap and thick soil for an additional 500 metres. Trenching continues to uncover new veins.
SouthGobi plans an initial 3,000-metre diamond drill program which is scheduled to commence early in 2008.
SouthGobi and Ivanhoe Mines geologists believe that the nature of gold grades at surface of the exposed epithermal system are highly prospective in this geological environment.
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