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DREADNOUGHT RESOURCES LTD Capital/Financing Update 2012

Apr 16, 2012

64785_rns_2012-04-16_a1d9f004-2305-4db4-b2d0-b687aea0cb31.pdf

Capital/Financing Update

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17 April 2012

ASX ANNOUNCEMENT

Rights Issue – Timetable Update

ERO Mining Limited wishes to provide an update regarding the timetable under its one-forone non-renounceable rights issue announced to ASX on 15 March 2012 (“Rights Issue”).

ASX will be notified of any under-subscriptions under the Rights Issue on 3 May 2012 and the new date for allotment of new shares is 8 May 2012.

These dates are indicative only and, subject to the Corporations Act 2001 and the ASX Listing Rules, may be varied as the Directors decide.

Applications for new ordinary shares under the Rights Issue may only be made by completing an Entitlement and Acceptance Form which accompanies the Prospectus. You should read the Prospectus carefully. For further information on the Rights Issue, you should contact your professional advisor.

ERO Mining Limited ACN 119 031 864 | Level 3, 100 Pirie Street, Adelaide SA 5000 | PO Box 3126 Norwood South Australia 5067 Phone 61 8 7324 3195| Fax 61 8 8312 5576| Email [email protected] | web www.eromining.com