DREADNOUGHT RESOURCES LTD — Capital/Financing Update 2010

Nov 21, 2010

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MARKET RELEASE

22 November 2010

ERO MINING LIMITED

TRADING HALT

The securities of ERO MINING LIMITED (the “Company”) will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Wednesday, 24 November 2010 or when the announcement is released to the market.

Security Code:

ERO

Justin Nelson Manager, Listings (Adelaide)

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22 November 2010

Mr J Nelson Manager, Issuers (Adelaide) ASX Limited 91 King William Street ADELAIDE SA 5000

Fax: (08) 8216 5099

Dear Justin,

TRADING HALT – ERO MINING LIMITED (ERO)

Pursuant to ASX Listing Rule 17.1, we request that ASX grant a two day trading halt pending an announcement relating to a capital raising.

We anticipate trading will resume following release of the announcement by Wednesday, 24 November 2010.

The Company is not aware of any reason that a trading halt should not be granted.

Yours faithfully

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David W Godfrey Company Secretary

ERO Mining Ltd ABN 40 119 031 864

62 Beulah Road PO Box 3126 Norwood 5067 Norwood 5067 South Australia South Australia

62 Beulah Road

telephone 61 8 8132 7970 facsimile 61 8 8132 7999 email info@eromining.com