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ST GEORGE MINING LIMITED Capital/Financing Update 2011

Dec 7, 2011

65782_rns_2011-12-07_61649ca7-d577-4201-b5be-dc3132fd9180.pdf

Capital/Financing Update

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ASX / MEDIA RELEASE

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8 December 2011

ST GEORGE MINING LOYALTY OPTION ENTITLEMENT ISSUE

Further to the 2 December 2011 ASX announcement, St George Mining Limited (ASX Code: SGQ) is pleased to confirm that the following options have been allotted and dispatched:

Options issued under the Loyalty Option Entitlement Issue

24,057,099

After the allotment of the above options the Company will have the following shares on issue:

Fully Paid Ordinary Shares 63,018,000
Options exercisable at $0.20 on or before 28 November 2014 40,589,099
Performance Shares 100

The Board is currently finalising the expressions of interest in the Shortfall and will be allotting and dispatching the Shortfall over the coming weeks.

For more information contact:

John Prineas

Executive Chairman St George Mining Limited (+61) 411 421 253 [email protected] www.stgeorgemining.com.au

ST GEORGE MINING LIMITED ACN 139 308 973 Level 1, 115 Cambridge Street, PO Box 1305, West Leederville, WA 6007 | www.stgeorgemining.com.au Phone +618 9322 6600 | Facsimile +618 9322 6610