DREADNOUGHT RESOURCES LTD — Capital/Financing Update 2012

Apr 12, 2012

==> picture [588 x 23] intentionally omitted <==

==> picture [588 x 24] intentionally omitted <==

==> picture [588 x 23] intentionally omitted <==

==> picture [588 x 24] intentionally omitted <==

==> picture [588 x 24] intentionally omitted <==

13 April 2012

ASX ANNOUNCEMENT

Rights Issue – Extension of Closing Date

The Directors of ERO Mining Limited have today resolved to extend the Closing Date under its one-for-one non-renounceable rights issue announced to ASX on 15 March 2012 (“Rights Issue”).

The Directors have decided to extend the Closing Date to accommodate shareholders that may have experienced delays in receiving the Prospectus and Entitlement and Acceptance Form due to the Easter holiday period and a backlog at Australia Post caused by flooding in regional Victoria and New South Wales.

The new Closing Date under the Rights Issue is 30 April 2012.

ASX will be notified of any under-subscriptions under the Rights Issue on 4 May 2012 and the new date for allotment of new shares is 9 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 info@eromining.com | web www.eromining.com