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DREADNOUGHT RESOURCES LTD Capital/Financing Update 2011

Aug 9, 2011

64785_rns_2011-08-09_0fd8bb54-af1f-4b7a-98dc-75e98a24726e.pdf

Capital/Financing Update

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The Manager Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

Notification of shortfall

ERO Mining Limited (ASX:ERO) gives notice of the shortfall in subscriptions under its 1 for 5 non renounceable rights issue announced on 15 June 2011 as follows:

Total number of shares offered: 69,652,108
Final number of shares accepted: 11,818,146
Shortfall: 57,833,962

The directors may issue the shortfall in their discretion, within 3 months of the close of the rights issue (4 August 2011).

Applications for shortfall must be made using an application form in or accompanied by a copy of the prospectus for the rights issue. You may obtain a copy of the prospectus by contacting the company.

ERO Mining Ltd 58 Beulah Road PO Box 3126 ABN 40 119 031 864 Norwood 5067 Norwood 5067 South Australia South Australia

telephone 61 8 7324 3195 facsimile 61 8 8312 5576 email [email protected]