Annual Technical Report Pine Creek Property EL 28463 reporting period 25 August 2011 to 24 August 2012

Abstract

EL 28463 forms part of St George Mining's Blue Thunder Gold Project which is a contiguous area comprised of EL 27732, EL 28016, EL 28017, EL 28232, EL 28332, EL 28463 and EL 28465. All tenements are held in the name of Blue Thunder Resources Pty Ltd, a wholly owned subsidiary of St George Mining, other than for EL 27732. On the first of March 2009, St George Mining entered into an option to acquire 80% of EL 27732 in the Pine Creek, Northern Territory. EL 27732 is currently held by James Stewart (50%) and Geotech International (50%). St George Mining is the manager of the Project. St George Mining has acquired EL 28463 with the aim of assessing if there are extensions of the known gold system on the tenement to the north. Exploration objectives for 2012 were to compile and review relevant current and historical information for the property to assist in further exploration targeting, through developing a predictive and diagnostic exploration model. The predictive exploration model would then be used to screen the wider tenement holding and identify the more prospective areas of the Pine Creek property. Work carried out in Year 1 of EL 28463 included a ground review of logistical options, a review of regional geology and mineralisation, a review of local controls on mineralisation and the development of a predictive and diagnostic exploration model. Work continued to be focussed on the main tenement in the Project being EL 27732.