SOUTHERN HEMISPHERE MINING LIMITED — Capital/Financing Update 2011

Aug 29, 2011

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ASX: SUH TSX-V: SH

Australian Office: Southern Hemisphere Mining Limited PO Box 598 T: +61 8 9481 2122 West Perth F: +61 8 9481 2322 WA 6872 www.shmining.com.au Chilean Office: Minera Hemisferio Sur SCM Unit 1103 Roger de Flor 2907 Los Condes, Santiago

30 August 2011

Australian Securities Exchange Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Sir/Madam

EXPIRATION OF UNLISTED WARRANTS

Southern Hemisphere Mining Limited wishes to advise that the following unlisted warrants have expired:

Code Expiry Date Exercise Price No of Warrants SUHAQ 28/08/2011 C$0.40 7,500,000

The expiry of these warrants will be reflected in the Company’s next Appendix 3B.

Yours faithfully

SOUTHERN HEMISPHERE MINING LIMITED

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Derek Hall Company Secretary