OUTCOME OF OFFER TO CONVERTIBLE NOTEHOLDERS

Sino Gold Mining Limited announces the results of a meeting of the holders of its $35 million 5.75% convertible subordinated notes due 2012 to approve certain amendments to the trust deed and the terms and conditions of the notes, including a call option permitting the outstanding notes to be redeemed at Sino Gold's option.

This meeting was held in London on 2 November 2007 and was pursuant to an offer to noteholders announced on 12 October 2007.

Noteholders representing in excess of 91% (US$32 million) tendered their notes for conversion and voted in favour of the proposal to amend the notes. The company will now proceed to convert notes to the value of US$32 million and to seek to convert or to give notice to exercise its option to redeem the remaining US$3 million. This will result in all notes being redeemed and the issue of a maximum of 15,383,045 shares.

The early consent payment was all 13% of the value of the notes for those holders who tendered their notes prior to the early consent deadline.

The complete announcement can be downloaded from www.sinogold.com.au

For further information, please contact:

Investor Enquiries: Jake Klein, CEO or Roger Howe, Investor Relations +61 2 8259 7000, info@sinogold.com.au

Media Enquiries: Kate Kerrision +61 2 6746 3221, kate@katekerrison.com.au