ST GEORGE MINING LIMITED — Capital/Financing Update 2011

Nov 13, 2011

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ASX ANNOUNCEMENT

14 November 2011

DESPATCH OF LOYALTY OPTION ISSUE PROSPECTUS

St George Mining Limited (Company) confirms the despatch of the Prospectus dated 19 October 2011 for a pro-rata non-renounceable entitlement issue of 31,500,000 Loyalty Options on the basis of one (1) Loyalty Option for every two (2) Shares held by Shareholders at an issue price of $0.01 per Loyalty Option, to raise approximately $315,000 (Offer).

The closing date and time for acceptances and payments is scheduled to be 5.00pm (WST) on 30 November 2011, subject to the Company varying the Closing Date in accordance with the Corporations Act and the ASX Listing Rules.

Yours faithfully,

Marcus Michael Company Secretary St George Mining Limited

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