EQ RESOURCES LIMITED — AGM Information 2006

Oct 10, 2006

NOTICE OF 2006 ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the first Annual General Meeting of the members of Icon Resources Ltd (the "Company") will be held at The Rugby Club, Rugby Place, off 31a Pitt Street, Circular Quay, Sydney on Friday, 10 November 2006 commencing at 4:30pm.

ORDINARY BUSINESS

1. To receive the accounts

To receive the Reports of the Directors and Auditors, and the Financial Report for the period ended 30 June 2006.

2. To elect a Director

Mr S B Bartrop retires as a Director pursuant to the Company's Constitution and, being eligible, offers himself for re-election.

3. Adoption of Remuneration Report

To adopt the Remuneration Report for the financial period ended 30 June 2006.

4. To transact any other business brought forward in accordance with the Company's Constitution.

Further information in relation to these resolutions is set out in the Explanatory Notes below.

PROXIES

To be effective, proxy forms must be received by the Company at its registered office at least

48 hours before the time for holding the meeting.

Hand Delivery:	By Mail:	By Facsimile:
Suite 302, 25 Lime Street	PO Box 324	$(02)$ 9906 3554
Sydney, NSW, 2000	Crows Nest, NSW, 1585

A member entitled to attend and vote is entitled to appoint not more than two persons as his/her proxy to attend and vote instead of the member. A proxy need not be a member of the Company. If more than one proxy is appointed, each proxy must be appointed to represent a specified proportion of the member's voting rights. Unless under Power of Attorney (which should have been noted by the Company) a proxy form by a corporation should be executed under its common seal or in accordance with the Corporations Act.

Dated at Sydney this 4th day of October 2006.

BY ORDER OF THE BOARD

Robert J Waring

Company Secretary

FXPIANATORY NOTES

These explanatory notes set out information in connection with the business to be considered at the Icon Resources Ltd 2006 Annual General Meeting.

ORDINARY BUSINESS

The following items of ordinary business will be considered at the meeting.

Resolution 1

Financial Report

This item of business relates to the receipt and adoption of the Company's Financial Report for the period ended 30 June 2006.

Resolution 2

Election of Director - Mr S B Bartrop

Mr Stephen B Bartrop was originally appointed a Director of the Company on 28 June 2005. Under the Company's constitution, Mr Bartrop retires by rotation, and being efigible, wishes to stand for re-election.

Mr Bartrop is a geologist by training and has been involved in exploration and feasibility studies in gold, base metals and diamonds in Australia, Indonesia and North America and also has experience as a mine geologist. Steve is a principal of Stock Resource and has been a top rated resource analyst and has a BSc (Hons) in geology and a Graduate Diploma from the Securities Institute of Australia. He is currently completing a PhD in mineral economics at Curtin University of Technology.

Resolution 3

Adoption of Remuneration Report

The Corporate Law Economic Reform Programme (CLERP 9) requires that a resolution be put to the members to adopt the remuneration report as disclosed in the Directors' Report. The vote on this resolution is advisory only and non-binding. The resolution gives the members the opportunity to ask questions or make comments concerning the remuneration report during the meeting.

FORM OF PROXY

DELIVERY OF PROXIES:
By hand:	Suite 302, 25 Lime Street, Sydney NSW 2000
By facsimile:	(02) 9906 3554
By mail:	PO Box 324, Crows Nest, NSW 1585
I/We-
	(Full name in block letters)
٥f
	(Address)
being a member of Icon Resources Ltd hereby appoint:
Name
Address
or failing that person:
Name
Address
	or failing that person, the Chairman of the meeting as my/our proxy/proxies to vote for me/us and on my/our behalf at the Annual
	General Meeting of this Company to be held at The Rugby Club, Rugby Place, off 31a Pitt Street, Circular Quay, Sydney on Friday, 10
	November 2006 commencing at 4:30pm and at any adjournment thereof.
of the resolution on that item of business.	If the Chairman of the meeting is voting as your proxy, he intends to vote any undirected proxies held on the item of business in favour
Signature of shareholder (companies to execute

under seal or director's signature if applicable)

. . . .	งต .	31 IB

If you desire to direct your proxy/proxies how to vote, please insert X in the appropriate box. If you do not direct your proxy/proxies they may vote as they think fit or may abstain from voting.

BUSINESS.	۲ar	Against	Ahstain
Resolution $1 -$ To receive the accounts
Resolution 2 - To elect a Director - Mr S B Bartrop
Resolution 3 - Adoption of Remuneration Report

Icon Resources Ltd ACN 115 009 106

Suite 302, 25 Lime Street, Sydney NSW 2000 Telephone: +61 2 9299 5855 Facsimile: +61 2 9279 2727