SOUTHERN HEMISPHERE MINING LIMITED — Capital/Financing Update 2012

Nov 4, 2012

ASX RELEASE NOVEMBER 5, 2012

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 November 1, 2012, Southern Hemisphere Mining Limited (“the Company”) issued 19,800,000 securities by way of a private placement to Lundin Mining Corporation (“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	November 1,2012
Total number of securities issued	19,800,000

Yours faithfully

SOUTHERN HEMISPHERE MINING LIMITED

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Derek Hall Company Secretary

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ASX: SUH AUSTRALIAN OFFICE CHILEAN OFFICE TSX-V: SH Suite 7, 1200 Hay Street Minera Hemisferio Sur SCM www.shmining.com.au West Perth WA 6005 Office 41, Zurich 255 TEL: +61 8 9481 2122 Las Condes, Santiago TEL: +56 2 474 5071