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DREADNOUGHT RESOURCES LTD Capital/Financing Update 2011

Jul 12, 2011

64785_rns_2011-07-12_b9f1fcca-f4b6-4083-944c-8992ef3bff7c.pdf

Capital/Financing Update

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13 July 2011

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

Dear Sir/Madam

ERO Rights Issue – Closing Date Extended

ERO Mining Limited ( Company ) wishes to advise that the Closing Date for its 1 for 5 non renounceable rights issue ( Rights Issue ) has been extended to Thursday, 4 August 2011.

The revised timetable for the Rights Issue is as follows:

Event Date
Announcement of Rights Issue. Appendix 3B lodged. Wednesday, 15 June 2011
Prospectus lodged with ASIC and ASX Wednesday, 22 June 2011
Notice sent to Shareholders Thursday, 23 June 2011
‘Ex’Date Friday, 24 June 2011
Record Date for determining Shareholders entitlements Thursday, 30 June 2011
Despatch of Prospectus to Shareholders, Rights Issue opens Wednesday, 6 July 2011
Closing Date Thursday, 4 August 2011
Notify ASX of under-subscriptions Tuesday, 9 August 2011
Allotment and despatch date for holding statements Friday, 12 August 2011
New shares commence trading on ASX Monday, 15 August 2011

The Board commends the Rights Issue to you and encourages you to carefully consider taking up your rights to subscribe for shares before the Closing Date if you have not already done so.

A prospectus for the rights issue may be obtained by contacting the Company. All share offers are made in the prospectus and you should consider the prospectus in deciding whether to apply for shares. Anyone who wants to apply for shares must complete the Entitlement and Acceptance Form that will be in or will accompany the prospectus.

On behalf of the Board, I thank you for your support and look forward to your participation.

Robert M Kennedy Chairman

ERO Mining Ltd ABN 40 119 031 864

62 Beulah Road PO Box 3126 telephone 61 8 8132 7970 Norwood 5067 Norwood 5067 facsimile 61 8 8132 7999 South Australia South Australia email [email protected]