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ST GEORGE MINING LIMITED Capital/Financing Update 2012

Feb 22, 2012

65782_rns_2012-02-22_aeb198b4-a0c5-4ccc-aaf0-47f91c2f4d12.pdf

Capital/Financing Update

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ASX / MEDIA RELEASE

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23 February 2012

LOYALTY OPTION ENTITLEMENT ISSUE - SHORTFALL

St George Mining Limited (ASX: SGQ) is pleased to confirm that the following shortfall options under the Loyalty Option Entitlement Issue made pursuant of the Prospectus dated 19 October 2011 were allotted and dispatched today:

Listed Options exercisable at $0.20 on or before 28 November 2014 Issued under the Shortfall 7,451,901

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

Fully Paid Ordinary Shares (SGQ) 63,018,000
Listed Options (SGQO) 48,041,000
Unlisted Options
Class A Options 450,000
Class B Options 450,000
Class C Options 600,000
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