ST GEORGE MINING LIMITED — Capital/Financing Update 2017

Oct 8, 2017

ASX / MEDIA RELEASE

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9 October 2017

ST GEORGE LODGES R&D CLAIM

St George Mining Limited (ASX: SGQ ) (“St George Mining” or “the Company”) is pleased to announce that it has lodged a claim for a refundable cash offset under the Federal Government’s Research and Development ( R&D ) Tax Incentive Scheme.

St George’s Income Tax Return for the financial year ended 30 June 2017 includes research and development expenditure which the Company believes will be eligible for a cash rebate of approximately $1.8 million under the R&D Tax Incentive Scheme.

The Scheme is administered jointly by AusIndustry and the Australian Taxation Office ( ATO ). The Company expects the claim to be processed within approximately the next four weeks.

For further information, please contact:

John Prineas

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