ST GEORGE MINING LIMITED — Capital/Financing Update 2015

Jan 8, 2015

ASX / MEDIA RELEASE

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9 January 2015

BONUS ISSUE PROSPECTUS

St George Mining Limited (ASX: SGQ ) (‘St George Mining’ or ‘the Company’) confirms that the Bonus Issue Prospectus dated 17 December 2014 has been dispatched to shareholders.

One (1) new option for every ten (10) shares held by shareholders at the Record Date will be issued by the Company. The option will be granted for nil consideration.

The Company will apply for Official Quotation of the new options on the ASX under the ASX code ‘SGQOA’.

The Options will have an exercise price of $0.20 and will expire on 30 June 2017. Further details are in the Bonus Issue Prospectus.

For further information, please contact:

John Prineas Executive Chairman St George Mining Limited (+61) 411 421 253 John.prineas@stgm.com.au

Colin Hay Professional Public Relations (+61) 08 9388 0944 mob 0404 683 355 colin.hay@ppr.com.au

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