ST GEORGE MINING LIMITED — Capital/Financing Update 2021

Apr 28, 2021

Market Announcement

29 April 2021

St George Mining Limited (ASX: SGQ) – Trading Halt

Description

The securities of St George Mining Limited ('SGQ') will be placed in trading halt at the request of SGQ, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 3 May 2021 or when the announcement is released to the market.

Issued by

Belinda Giles Adviser, Listings Compliance (Perth)

29 April 2021

ASX Limited Level 40 Central Park 152‐158 St Georges Terrace PERTH WA 6000

TRADING HALT

In accordance with Listing Rule 17.1 St George Mining Limited ("St George Mining" or "Company") requests that the Australian Securities Exchange ("ASX") grant a trading halt on the Company's securities with immediate effect.

For the purpose of Listing Rule 17.1, St George Mining provides the following information:

• (a) St George Mining is seeking a trading halt for the purpose of considering, planning and executing a capital raising.
• (b) St George Mining requests that the trading halt last until the Company makes an announcement to the market about completion of the proposed capital raising. The announcement regarding the capital raising will likely be made from the commencement of normal trade on 3 May 2021.
• (c) St George Mining is not aware of any reason why the trading halt should not be granted, nor of any other information available at this stage that is relevant to the trading halt.

Yours sincerely

Sarah Shipway Company Secretary ST GEORGE MINING LIMITED