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ST GEORGE MINING LIMITED Capital/Financing Update 2011

Sep 12, 2011

65782_rns_2011-09-12_a3a039fd-1fb2-412b-aed9-357c9d7dcfab.pdf

Capital/Financing Update

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ASX / MEDIA RELEASE

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13 September 2011

ST GEORGE MINING SHORTFALL ISSUE

St George Mining Limited (ASX: SGQ) is pleased to confirm that the following shortfall shares and options were allotted and dispatched today:

Ordinary shares issued under the Shortfall 3,588,389 Options issued in conjunction with the Shortfall 5,382,579

After the allotment of the above ordinary shares and options St George Mining will have the following capital structure:

Fully Paid Ordinary Shares 63,000,000 Options exercisable at $0.20 on or before 28 November 2014 16,550,000 Performance Shares 100

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