PEEL MINING LIMITED — Capital/Financing Update 2017

Apr 3, 2017

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St Barbara invests in Peel Mining Limited

St Barbara Limited has subscribed for 16 million ordinary shares of Peel Mining Limited (ASX: PEX, www.peelmining.com.au) through a share placement at a price of 20.5 cents per share. The $3.3 million investment by St Barbara represents a shareholding of approximately 9.5% in Peel.

Peel holds a large tenement package south of Cobar in New South Wales, and the investment by St Barbara will provide Peel with additional funding to accelerate regional exploration activities across its tenement package.

St Barbara’s investment in Peel is aligned with its strategy of targeted investments in early to advanced stage exploration through earn-in arrangements, joint ventures or direct equity investments.

Investor Relations Mr Rowan Cole Company Secretary +61 3 8660 1900 Media Relations Mr Tim Duncan Hinton & Associates +61 3 9600 1979 St Barbara Limited Level 10, 432 St Kilda Road, Melbourne VIC 3004 T +61 3 8660 1900 F +61 3 8660 1999 ACN 009 165 066 Locked Bag 9, Collins Street East, Melbourne VIC 8003 W www.stbarbara.com.au