SOUTHERN HEMISPHERE MINING LIMITED — Director's Dealing 2012

Nov 26, 2012

ASX RELEASE

November 27, 2012

Director Resignation

International mining company Southern Hemisphere Mining Limited (ASX: SUH, TSX-V: SH) (“Southern Hemisphere” or the “Company”) wishes to advise that Mr. Richard Billingsley has not sought re-election to the Board of Directors and therefore ceases to be a non-executive director of the Company, effective November 27, 2012.

The Company would like to express its sincere thanks to Mr. Billingsley for his valuable contribution to the Company and the Board during his time as a non-executive director.

-ENDS-

About Southern Hemisphere Mining Limited

Southern Hemisphere Mining Limited is listed on the Australian Stock Exchange (ASX Code “ SUH ”) and the Toronto Stock Exchange –Venture (TSXV Code “ SH ”). Southern Hemisphere has accumulated a diverse portfolio of assets in Chile, South America . The Company’s focus is the 100% owned Llahuin Copper/Gold Project where the objective is to build a bulk tonnage Copper/Gold operation . The Company also holds the 100% owned Chitigua Project , a 172 km[2 ] property located on the prestigious Western Fault which hosts Chile’s largest copper porphyry deposits. Further details on Southern Hemisphere can be found at www.shmining.com.au

For further information please contact:

Trevor Tennant – (Managing Director - Southern Hemisphere Mining) +56 (2) 474 5071 Media Enquiries – Nicholas Read (Read Corporate) +61 (8) 9388 1474 Media Enquiries – Clark Kent (Corporate Communications) +1 (416) 883 3838

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release. This News Release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.

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AUSTRALIAN OFFICE

ASX: SUH AUSTRALIAN OFFICE TSX-V: SH Suite 7, 1200 Hay Street www.shmining.com.au West Perth WA 6005 TEL: +61 8 9481 2122

CHILEAN OFFICE

Minera Hemisferio Sur SCM Office 41, Zurich 255 Las Condes, Santiago TEL: +56 2 474 5071

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Southern Hemisphere Mining Limited

ARBN 140 494 784

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	RICHARD BILLINGSLEY
Date of last notice	14 SEPTEMBER 2012
Date that director ceased to be director	27 NOVEMBER 2012

Part 1 – Director’s relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Ordinary shares - 116,666 Options – 500,000

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Z Page 1

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest N/A	Number & class of securities

Part 3 – Director’s interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002