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ST GEORGE MINING LIMITED Capital/Financing Update 2011

Sep 6, 2011

65782_rns_2011-09-06_46a19d5a-014a-40e1-967e-9995829712b9.pdf

Capital/Financing Update

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ASX / MEDIA RELEASE

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7 September 2011

ST GEORGE MINING ENTITLEMENT ISSUE

Further to the 2 September 2011 ASX announcement, St George Mining Limited (ASX Code: SGQ) is pleased to confirm that the following shares and options were allotted and dispatched today:

Ordinary shares applied for under the Entitlement Issue 6,911,611 Options issued in conjunction with the Entitlement Issue 10,367,421

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

Fully Paid Ordinary Shares 59,411,611
Options exercisable at $0.20 on or before 28 November 2014 10,367,421
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 days.

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