'Pursuing an Emerging Nickel Province'

2 October 2014

Corporate Snapshot

Board - Skills to deliver exploration success and company growth

John PRINEAS – Chairman with over 25 years experience in the banking and legal sectors, including the head of a financial institution in Australia, with a focus on financing and corporate advice to mining companies

Tim HRONSKY – Technical Director with 25 years as a geologist in the exploration and mining industry, including 15 years with Placer Dome Inc., where he was Exploration Manager for Asia

Marcus MICHAEL – Chartered Accountant with over 23 years of providing advice across a range of industries including mining, engineering and healthcare. Also a director of Argent Minerals (ASX: ARD), Cardinal Resources (ASX: CDV) and Beacon Minerals (ASX: BCN)

Business Model - Exploration Focus

Target projects that are prospective for world class deposits
Create value through innovative exploration and discovery
Maintain very low admin/corporate costs to maximise returns for shareholders; money goes into the ground

Highly Qualified Technical Team

Technical Team – Successful Track Record in Nickel Sulphide Discovery

Newexco - Leading geophysical consultants in nickel sulphide exploration. Advisers on Nova-Bollinger deposit for Sirius Resources NL (ASX: SIR) and the Spotted Quoll and Flying Fox deposits for Western Areas Limited (ASX: WSA).

Dr Martin GOLE – Consultant geologist, widely recognised as a leading expert in nickel sulphide deposits. The author and co‐author of numerous papers on Archean nickel sulphide deposits, including the world‐class Perseverance and Mt Keith nickel deposits in the Leinster nickel field.

Travis KERSLAKE - Senior geologist with a strong background in nickel, gold and copper exploration. Was on the team at WMC Resources that discovered the world class Nebo-Babel Ni-Cu-PGE deposit in the Western Musgraves, and recently worked with Rox Resources Ltd (ASX: RXL) on the discovery drilling for the Camelwood nickel sulphide deposit in Western Australia.

Matthew McCARTHY – Consultant geologist formerly with BHP Billiton Nickel West, where he was part of the team that made the recent discovery of the significant Venus nickel sulphide deposit at Leinster. Also managed the exploration programme under the previous farm-in arrangement between St George Mining and BHP Billiton Nickel West, which discovered nickel sulphides at East Laverton in 2012.

Capital Structure

Share Capital
Listed Shares (ASX: SGQ)	111,770,695
Listed Options (ASX: SGQO)	48,508,000
Market cap (@11c)	$11m
Top 20	58%
Top 3	36%
Management	15%

Listed Shares includes 19,444,444 ordinary shares scheduled for issue on 3 October 2014

Listed Options (SGQO): Exercise price of 20 cents, expiring on 28 November 2014.

Unlisted Options: 750,000 options with 25 cents exercise expiring 28 November 2014; 1,000,000 options with 40 cents exercise expiring 28 November 2015; 979,525 options with 30 cents exercise expiring 30 June 2016.

Performance Shares: 100 Performance Shares expiring 16 November 2015.

East Laverton Property: An Emerging Nickel Field

A Rare and Significant Nickel Project

Frontier Location

2,000 sq. km contiguous and dominant landholding
Under-explored
Geological setting favours nickel sulphide discoveries
No native title no nature reserves
Safe jurisdiction WA

Highly Prospective for Nickel Sulphides

Major Nickel Potential

3 extensive ultramafic belts (total strike length +130km)
An emerging nickel province
Prospectivity recognised by BHP Billiton Nickel West farmin (now concluded)
High MgO komatiites confirmed by drilling

Nickel Market: Macro Factors Improving

Market Cycle in Upward Turn

Key market drivers:

Indonesia (28% of world nickel) bans export of unprocessed ore in 2014
Russia/Ukraine (10% of world nickel) political issues cast doubts on supply
Philippines (10% world nickel) proposing to ban export of unprocessed ore
Global demand for nickel rising with greater production of stainless steel

"Indonesia export ban turns nickel into a star":

Financial Times, 20 March 2014

"Vale Sees Nickel Over $20,000 a Ton on Indonesia Ban":

Bloomberg 25 February 2014

"Nickel Rises to 14-Month High on Indonesia Ban, Ukraine": Bloomberg 14 April

2014

"The global surplus will narrow to 41,000 tons this year from an estimated 181,000 tons in 2013. There'll be a 36,000 ton deficit in 2015, the first time since 2010 that demand exceeds supply".

Barclays Bank, 13 January 2014

Nickel Price Surges: +30% YTD

"Nickel prices are soaring amid growing concern about the availability of supply from Indonesia and Russia, the top two producers of the metal. The price of the industrial metal, which is used to make steel stronger and more resistant to corrosion and extreme temperatures, hit a 14-month high on Thursday, bringing year-to-date gains to 29%." The Wall Street Journal, 18 April 2014

Nickel Discovery – It's Time

NiS Discoveries are Rare

Most major discoveries were circa. early 1970's
Existing NiS mines are mature with declining resources
A major discovery sets off a 'nickel boom'
Big discoveries more likely in frontier locations e.g. Nova

Nickel at East Laverton

Nickel Potential Confirmed in 2012

Nickel Sulphides Discovered

Two holes intersected disseminated nickel sulphides on Stella Range belt
Multiple occurrences of magmatic and PGE sulphides on all 3 belts
Extensive Reconnaissance Drilling: 35 RC holes for 8,560 metres
- 28 drill holes identified komatiite ultramafics
- 7 nickel sulphide targets established across 3 ultramafic belts

Favourable Geology

Thick high MgO ultramafic sequences in contact with sulphur-rich sediments
Abundant local source of sulphur essential for nickel sulphide formation
Compositionally similar to Agnew-Wiluna nickel belt

"The presence of multiple occurrences of magmatic nickel and PGE sulphides over a very significant strike extent of the Stella Range ultramafic belt strongly supports the formation of large scale nickel sulphide mineralisation"

Similar to Agnew-Wiluna Belt

Key Feature of Agnew-Wiluna

The reason the Agnew-Wiluna belt is so prospective for komatiite-hosted nickel sulphides is "the presence of exceptionally high fluxes of exceptionally hot komatiite magmas, forming long-lived high-level feeder conduits capable of assimilating crustal sulfur derived from spatially associated felsic volcanic centres" **

East Laverton has similar 'hot rocks'

Drilling has intersected high-MgO komatiites ultramafics over a broad area at East Laverton
This 'hot' komatiite magma rarely seen outside Agnew-Wiluna and Forrestania
A very positive indicator of nickel sulphide potential at the East Laverton Property

**Barnes, S.J., Fiorentini, M. L., Duuring, P., Grguric, B. A., and Perring, C. S., 2011. The Perseverance and Mount Keith Nickel Deposits of the Agnew Wiluna Belt, Yilgarn Craton, Western Australia. Society of Economic Geologists, Reviews in Economic Geology, v.17).

100% St George

St George has 100% ownership of all nickel rights at East Laverton

Previous farm-in arrangement with BHP Billiton Nickel West
Generated 7 nickel sulphide targets
All nickel sulphide targets and $3m data-set now owned and controlled 100% by St George as from October 2013

Systematic Exploration

Comprehensive Ground Electromagnetic Survey

Large, regional MLEM survey; 80km coverage on Stella Range belt so far
Modern, powerful EM techniques to 'see through' cover

Large Pipeline of Prospects Established

Newexco continues to identify high quality EM conductors
Geological targets based on exploration data

Targeted Drilling Underway

Drilling of EM conductors
Follow-up drilling of successful NiS intersections

Integration of Geology and Geophysics

Geochemical analysis of komatiite channels intersected
Down-hole EM surveys to test for 'blind' nickel deposits

Stella Range Belt

Fertile high MgO Ultramafics

Disseminated nickel sulphides over 15 km strike length:
2 m @ 1.08% Ni from 55m (DDNRC02)
18 m @ 0.40% Ni from 100m (DRAC35)
2 m @ 0.62 % Ni from 132m (DRAC38)
2 mineralised nickel systems likely in this section of belt alone
Huge exploration upside along +60km belt
Minimal cover (20m to 70m) with potential for shallow deposit

Desert Dragon South

Optimal Cross Structure

Intersection of ultramafic belt with cross -rift structure
Favourable setting for nickel sulphide formation
On strike from channel flow intersected at DRAC35: 18m @ 0.41% Ni
Large, strong EM response remains untested
Strong gold potential: DDD010 – 2 m @ 1.42 g/t

Windsor

High Tenor Nickel Sulphides

DRAC38: 30m @ 0.31% Ni from 108m incl. 6m @ 0.48% Ni , 2m @ 0.62% Ni
Pentlandite high tenor NiS confirmed by petrography
Unexplored high MgO komatiite channel
Very limited drilling to date
Basal contact along strike and down plunge of DRAC38 to be tested in next drilling programme

Pipeline of Nickel Prospects

More Prospects

Cambridge North: high MgO ultramafic with Ni-Cu GSWA anomaly

Desert Dragon North: fertile channel flow with 2m @ 1.08%Ni

Athena: very thick high-MgO ultramafic (+250m)

Bristol: ultramafic with very high magnetic anomaly (TMI)

Aphrodite: very strong TMI within untested area

Cambridge: high MgO ultramafic body with magmatic sulphides

Multiple EM Conductors

Regional MLEM survey identifies multiple EM anomalies
Fixed loop EM surveys used for final modelling of EM conductors and to design drill holes
Category 1 targets prioritised for drilling
Category 2 and 3 targets further reviewed and interpreted
Explore with drilling and/or concurrent DHEM survey

VMS Prospect

VMS Potential

Drilling in 2012 intersected up to 90m metal -rich sulphide units with Zn up to 4460ppm and Cu up to 1400ppm
DDD011: 19.25m @ 0.35% Zn & 0.10% Cu in Dragon 2 conductor
VMS mineralisation and massive nickel sulphides are genetically and spatially associated, and often proxies for each other
Zn -Cu in DDD011 may represent the margin of a VMS deposit

VMS Exploration

High Value Drill Target

Dragon 2 conductor (smaller conductor on west) tested by DDD011
Adjacent strong EM conductor (Dragon 3) yet to be tested
Newexco on ground now, with extended EM survey indicating further EM anomalies
Conductors are in a typical location for a VMS deposit - off set from the ultramafic belt
Drilling of Dragon 3 in Oct 2014

Phase 2 of 2014 Drilling Campaign

Phase 2 of the 2014 drilling campaign starts in Oct 2014

Drilling of EM conductors
Follow-up drilling of nickel and VMS intersections
Drilling and EM surveys to be used concurrently
Multiple targets increases discovery potential
+4,000m drilling programme

Rising Valuation

Unique regional exploration play

Emerging nickel field
Dominant landholding
Big company interest

Systematic exploration using modern techniques

Strong technical team
Creating exploration upside
Pipeline of prospects

Share price highly leveraged to exploration success

Low market cap
Tight share register

Nickel Discovery: History of Booms

Nickel explorers gain remarkable share price increases on the back of exploration success

Western Areas (ASX: WSA) – market cap at IPO of $7.4m, now $1.2 billion Jubilee Mines – market cap of $20m at discovery, taken over for $3.1 billion Sirius Resources (ASX: SIR) – market cap of $8m at discovery, now $1.6 billion

Sirius (ASX: SIR) 3 yr price chart

DISCLAIMER:

Certain statements contained in this presentation, including information as to the future financial or operating performance of St George Mining Limited (ASX:SGQ) and its projects, are forward looking statements:

-may include, among other things, statements regarding targets, estimates and assumptions in respect of mineral reserves and mineral resources and anticipated grades and recovery rates, production and prices, recovery costs and results, capital expenditures, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions;

-are necessarily based upon a number of estimates and assumptions that, while considered reasonable by St George Mining, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; and

-involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements.

St George Mining disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise. The words "believe", "expect", "anticipate", "indicate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward looking statements.

All forward looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein.

COMPETENT PERSON STATEMENT:

The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Timothy Hronsky, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Hronsky is employed by Essential Risk Solutions Ltd which has been retained by St George Mining Limited to provide technical advice on mineral projects.

Mr Hronsky has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Hronsky consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The Company confirms that it is not aware of any new information or data that materially affects the information included in any original market announcements referred to in this report, and that all material assumptions and technical parameters underpinning the announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.

The information in this announcement that relates to Exploration Results and Mineral Resources as defined in the 2004 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' is based on information compiled by Mr Hronsky. Mr Hronsky is a member of the Australasian Institute of Mining and Metallurgy has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is undertaking. This qualifies Mr Hronsky as a "Competent Person" as defined in the 2004 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Hronsky consents to the inclusion of information in this announcement in the form and context in which it appears