ST GEORGE MINING LIMITED — Director's Dealing 2011

Nov 17, 2011

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity St George Mining Limited

ABN 21 139 308 973

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	John Prineas
Date of last notice	7 September 2011

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest	Zeus Private Equity Pty Ltd – Director and
(including registered holder)	Shareholder
Note: Provide details of the circumstances giving rise to therelevant interest.	Zeus Super Pty Ltd as trustee for the ZeusSuper Fund A/C – Director and Shareholder
Date of change	15-18 November 2011
No. of securities held prior to change
John Prineas	9,109,021 Ordinary fully paid shares
	(6,844,177 Escrowed until 16 November 2012)
	2,199,756 Listed options
	30 Performance Shares
Zeus Private Equity Pty Ltd	741,200 Ordinary fully paid shares
	180,300 Listed options
Zeus Super Pty Ltd <Zeus Super Fund A/C>	204,000 Ordinary fully paid shares
	51,000 Listed options
Class	Ordinary Fully Paid Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

	Number acquired	Number acquired	Number acquired	Number acquired
	Zeus Private Equity Pty Ltd				50,000 Or	d
	Number disposed				N/A
	Value/ConsiderationNote: If consideration is non-cash, provivaluation	de details and estimat	e	d	$7,344
	No. of securities held after chanJohn Prineas	ge			9,109,021		Ordinary fully p	aid shares
					(6,844,17	7	Escrowed until	16 November	2012)
					2,199,756	L	isted options
	Zeus Private Equity Pty LtdZeus Super Pty Ltd <Zeus Super Fund A/C>				30 Performance Shares791,200 Ordinary fully paid shares180,300 Listed options204,000 Ordinary fully paid shares51,000 Listed options
	Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back				On market trade

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3