PO Box 598 T: +61 8 9481 2122 West Perth F: +61 8 9481 2322 WA - PDF document

PO Box 598 T: +61 8 9481 2122 West Perth F: +61 8 9481 2322 WA 6872 www.shmining.com.au 9 March 2011 Australian Securities Exchange Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000 Dear Sir/Madam Investor Presentation Trevor Tennant (Chairman and Managing Director) will be presenting the below at the Euroz Rottnest conference today. Yours faithfully SOUTHERN HEMISPHERE MINING LIMITED Derek Hall Company Secretary

Southern Hemisphere Mining Limited March 2011 Investor Presentation Trevor Tennant – Chairman and Managing Director

Disclaimer Notice This Presentation contains certain forward – looking information and forecasts. Such forecasts, projections and information are not a guarantee of the Company’s future performance and include unknown risks and uncertainties . Accordingly, the actual results and developments may differ from those expressed or implied. Southern Hemisphere Mining Limited makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. This document does not constitute an offer in any place in which, or to any person to whom, it would not be lawful to make such an offer. You should conduct your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinion contained in this presentation. Competent Person Statement Information of a scientific or technical nature in this report was prepared under the supervision of Trevor Tennant, Managing Director of Southern Hemisphere, a “qualified person” under National Instrument 43 -101 – “Standards of Disclosure for Mineral Projects”, and is a member of the Australasian Institute of Mining and Metallurgy. Mr. Tennant has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a “competent per son ” as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Tennant has reviewed and approved the information contained in this report. For further information regarding the projects, including a description of Southern Hemisphere’s quality assurance program, quality control measures, the geology, samples collected and testing procedures in respect of Southern Hemisphere’s projects please refer to the technical reports which are available under the Company’s profile at www.sedar.com. 2

Overview  Aggressive exploration program underway targeting: o Large, low grade copper-moly system at Chitigua Copper Strategy o Smaller, higher grade copper-gold systems from the central cluster tenements close to the city of La Serena  One of the world’s leading mining jurisdictions  Politically stable with a strong economy 100% Chile-based  Large land holding in world class copper belt  $18m cash in treasury Well funded with a  Track record in mine development and discovery strong Board  Local expertise enables the identification and acquisition of high-quality projects  Aggressive exploration program underway at priority copper/gold projects – ongoing news flow Short-Term Valuation  Catalysts Final Feasibility Study outcome and approvals for Los Pumas Manganese Project 3

Company Snapshot Capitalisation Summary  Headquartered in Australia and operating in Chile Ordinary Shares (1) 151,224,122 Market Capitalisation @ $0.50 AU $75M  Dual listed on the ASX (SUH) and the TSXV (SH) Cash (2) AU$18M  Diversified portfolio of Chilean-based metals projects: Debt (2) $0.0  Los Pumas Manganese Project (advanced) Enterprise Value (Fully Diluted) AU$57M  (1) Excludes 17m options and warrants at various exercise prices and dates between 13 Copper / Gold Projects (drilling underway) CA $0.20 and CA $0.40 and December 2010 and January 2013  Iron Sands Project (early-stage) (2) As of February 28, 2011 SUH Historical Share Price Performance (ASX) SUH Project Locations $0.70 5,000,000 $0.60 4,000,000 Los Pumas Manganese Project $0.50 3,000,000 $0.40 Copper/Gold Project $0.30 2,000,000 Iron Sands Project $0.20 1,000,000 $0.10 $0.00 0 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Volume (RHS) SUH Price (LHS) Source: IRESS 4

Copper Projects - Overview Company Copper Properties  Copper/Copper-Gold  The Company has 13 properties covering over 900km 2 of mineral permits over a 2,000km strike length in Chile  World class copper belt host to Tier 1 discoveries  A number of the properties are prospective for porphyry style copper/copper-gold deposits  Southern Hemisphere has commenced exploration work at four priority projects: o Chitigua o El Arrayan o Santa Gracias/Chacay o Mantos Grandes  An aggressive exploration program is underway targeting: o Large low grade system at Chitigua o Smaller, higher grade systems from the central cluster tenements close to the city of La Serena 5

Copper and Gold Large Porphyry Target: Chitigua on Western Fault Central Cluster: El Arrayan Santa Gracia Tres Cruces Romerral Gold: El Chacay 6

Chitigua Copper Project Chitigua Project Regional Setting  Project Chitigua  Porphyry copper-molybdenum target immediately east of West Fault – host to several of the world’s largest copper deposits (Escondida, Gaby, Chuquicamata, Collahuasi)  Southern Hemisphere is targeting a very large, low grade system  Located directly between Teck Resources’ Quebrada Blanca 1 and Freeport’s El Abra 2 deposits, situated 70km to the north and 30km to the south respectively  Two high priority targets for porphyry copper mineralisation have been defined 6km’s apart (Chitigua North and Iglesia) a further target has been identified 6km’s to the south of Iglesia  Two drill rigs (one DDH and one RC) are currently on site testing these targets Notes: 1. Teck Resources produced c. 190 million pounds (mlb) of copper cathode in 2009. Cathode production to continue through to 2016 7 2. Freeport-McMoRan plan to develop a 300mlb /annum copper sulfide project to extend existing oxide operations a further 10 years

Chitigua Copper Project Iglesia Target geological setting and drill hole locations  The mineralization Cu-Mo-Au in the targets areas are West Fault spatially related to the borders and contacts of the dioritic stocks Riolite & Dacite Triazico Continental Sediment (Carboniferous – Triassic) (Cretaceous) Diorite intrusive  Consist of small mine workings (“pitquineros”) with (Tertiary?) With Granite Cordon del Millo stockwork quartz- (Paleozoic) magnetite, with abundant specularite (hematite), magnetite, quartz, intense chloritic Stockwork de Cpy – Cc - OxCu alteration. calcite, copper oxides, iron oxides and some chalcopyrite and chalcocite.  This mineralization is associated mostly to veins N 60- 70° E / 60° NW to subvertical and N 10-30° E / subvertical (West Fissure trend). 8

Chitigua Copper Project Hole DDHCH001 intersected mineralised zone at the boundary between the diorite intrusive and the granite. This supports the geological model. 9

El Arrayan Copper Prospect El Arrayan geological setting and drill hole locations  Part of Southern Hemisphere’s central cluster strategy  Style of mineralisation at El Arrayan similar to the nearby porphyry copper mine at Andacollo (owned by Teck Cominco)  Encouraging results from initial 10 hole RC drilling program  Copper mineralisation intersected in four of the first six drill holes for which results have been received  Results include:  Hole 1: depth 163m, 35m composite grading 0.47% Cu, best 12m @ 0.65% Cu from 71m  Hole 2: depth 265m, 65m composite grading 1.00% Cu, best 26m @ 1.54%  Hole 5: depth 278m, 34m composite grading 0.55% Cu, best 15m @ 0.64% Cu from 119m  Hole 6: depth 150m, 23m composite grading 0.93% Cu, best 6m @ 1.79% Cu from 105m  Ongoing drilling planned to test geological interpretation 10

Santa Gracia Copper Project  Part of Southern Hemisphere’s central cluster strategy  Moderate sized porphyry copper-gold target in the La Serena Region (nearby to the Company’s El Arrayan Project)  Historical copper mines (La Cuyana and San Sebastian) are on the Company’s property  Ground held by Anglo American abuts the Company’s property and new areas applied for – opportunity for SUH to increase its footprint  Drill rig currently on site testing priority targets 11