SOUTHERN HEMISPHERE MINING LIMITED — Capital/Financing Update 2011

Feb 9, 2011

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PO Box 598 T: +61 8 9481 2122 West Perth F: +61 8 9481 2322 WA 6872 www.shmining.com.au

10 February 2011

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

Dear Sir/Madam

Cleansing Notice Section under 708A(5)(e) of the Corporations Act 2001 (Commonwealth) (“the Act”)

On 10 February 2011, Southern Hemisphere Mining Limited (“the Company”) issued 14,285,800 securities by way of a third tranche placement to sophisticated and professional investors (“the Issue”).

The Company relies on section 708A(5) of the Act in relation to the Issue. In accordance with section 708A(5)(e) of the Act the following information is provided:

• a) this notice is given within five (5) business days after the day of the Issue;

• b) the Issue was made without disclosure to investors under Part 6D.2 of the Act;

• c) this notice is given under section 708A(5)(e) of the Act;

• d) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act; and

• e) as at the date of this notice, there is no excluded information to be provided in accordance with section 708A(6)(e) of the Act.

Details of the Issue of Securities
Class of securities	OrdinaryShares/CDIs
ASX code of the securities	SUH
Date of issue of the securities	10 February2011
Total number of securities issued	14,285,800

Yours faithfully

SOUTHERN HEMISPHERE MINING LIMITED

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Derek Hall Company Secretary