PEEL MINING LIMITED — Capital/Financing Update 2010

Nov 24, 2010

S e c o n d F l o o r , 9 H a v e l o c k S t r e e t W e s t P e r t h W A 6 0 0 5 P o s t a l A d d r e s s : P O B o x 6 8 9 , W e s t P e r t h W A 6 8 7 2

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ABN 60 060 628 524

T e l e p h o n e : ( 6 1 8 ) 9 4 8 1 8 4 4 4 F a c s i m i l e : ( 6 1 8 ) 9 4 8 1 8 4 4 5 E m a i l : i n f o @ h a m p t o n h i l l . c o m . a u W e b : w w w . h a m p t o n h i l l . c o m . a u

25 November 2010

Company Announcements Office ASX Limited PO Box H224 Australia Square SYDNEY NSW 2000

Dear Sir / Madam

Hampton Hill Mining NL is pleased to announce progress on two fronts.

APOLLO HILL OPTION EXERCISED

Peel Exploration Ltd has exercised its option to purchase the entire issued capital of the Hampton subsidiary, Apollo Mining Pty Ltd. The purchase will involve the issue of eleven million fully paid shares in Peel to Hampton. Hampton will also be entitled to a 5% gross overriding royalty on all Apollo Hill gold production exceeding one million ounces.

DRILLING UNDERWAY AT RYANSVILLE

Hampton has commenced a drilling program at the Ryansville wholly owned gold project, near the Weld Ranges in the Murchison of Western Australia. The program will involve at least five diamond holes testing a set of ground electromagnetic anomalies coincident with promising structural settings within a banded iron formation shown by previous drilling to be anomalous in gold with associated sulphide mineralization.

Yours faithfully

Neil Tomkinson Chairman