Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To: Company Name/Scheme Southern Gold Limited

ACN/ARSN 107 424 519

1. Details of substantial holder (1)

   Name Silver Lake Resources Limited ACN 108 779 782, Silver Lake (Integra) Pty Ltd ACN 093 278 436, and their related bodies corporate listed in Annexure A to this notice ("Silver Lake Entities")

   ACN/ARSN (if applicable) As above

   The holder ceased to be a

   substantial holder on 04/07/16

   The previous notice was given to the company on 29/06/16

   The previous notice was dated 29/06/16

2. Changes in relevant interests

   Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

   Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
   30/06/16	Silver Lake Resources Ltd and Silver Lake (Integra) Pty Ltd	On market sale	$60,042	Ordinary shares 211,690	212,690
   30/06/16	Silver Lake Resources Ltd and Silver Lake (Integra) Pty Ltd	On market sale	$92,482	Ordinary shares 322,685	322,685
   30/06/16	Silver Lake Resources Ltd and Silver Lake (Integra) Pty Ltd	On market sale	$103,778	Ordinary shares 341,825	341,825

3. Changes in association

   The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

   Name and ACN/ARSN (if applicable)	Nature of association
   Not applicable

4. Addresses

The addresses of the persons named in this form are as follows:

Signature

print name David Berg capacity Company Secretary

signature date 04/07/16

ANNEXURE A

SILVER LAKE RESOURCES LIMITED ACN 108 779 782 N

This is the annexure of 1 page marked "A" referred to in the Form 605, Notice of ceasing to be a substantial holder, signed by me and dated 4 July 2016

David Berg, Company Secretary