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EQ RESOURCES LIMITED Capital/Financing Update 2006

Jun 1, 2006

64867_rns_2006-06-01_bf0ce0ca-89d8-4b84-8ada-f66cd6f69ec8.pdf

Capital/Financing Update

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Investor Services

Computershare Investor Services Pty Limited ABN 48 078 279 277 Level 2 Reserve Bank Building 45 St George's Terrace Perth Western Australia 6000 Australia GPO Box D182 Perth Western Australia 6840 Australia Investor Enquiries 1300 557 010 Telephone 61 8 9323 2000 Facsimile 61 8 9323 2033 www.computershare.com

Australia Canada Channel Islands Germany Hong Kong India Ireland New Zealand Philippines Russia Singapore South Africa United Kingdom USA

1 June 2006

Stephen Small Assistant Advisor Australian Stock Exchange PO BOX H224 AUSTRALIA SQUARE NSW 1215

Facsimile: (02) 9241 7620

Dear Stephen

Icon Resources Ltd - III

I refer to the forthcoming listing of the above company.

We confirm we have entered restricted securities onto the issuer sponsored subregister of Icon Reesources Ltd effective Thursday, 1 June 2006 and further advise we have imposed holding locks (to prevent a proper SCH transfer of a restricted security) and will not remove the holding lock without ASX's written consent.

Details of restricted securities are provided in the following schedule.

Should you have any questions, or would like to discuss, please contact me directly on (08) 9323-2005.

Yours faithfully

Melissa Neil Relationship Manager

Icon Resources Ltd
Escrow Listing as at 1 June 2006

500,00 500,0 150,01 1,150,0
50,000 50,000
ESCROW OPTIONS 24MTH ESCROW
12 MONTHS OPTIONS
12 MONTHS
SHARE ESC 12M
JNTIL 29/03/07
3,085,715 3,085,715
ESCROWED 24
MONTHS
SHARES
370,286
50,000
542,857 542,857 629,486
222,171
3,085,715 77,143 ,388,571 1,465,714
154,286
629,486 3,211,714 150,000 4,520,286
MOGGILL QLD 4070
3666 Moggill Road
RANKIN PARK NSW 2287
ANNANDALE NSW 2038
BROOKVALE NSW 2100
TARINGA QLD 4068
A/C>
ORFORD TAS 7190
ORFORD TAS 7190
RICHMOND TAS 7025
<golden enterprises="" famNATTLE GROVE TAS 7109
WATTLE GROVE TAS 7109
ANE COVE NSW 2066
BEECROFT NSW 2119
BEECROFT NSW 2119
RICHMOND TAS 7025
VIOGGILL QLD 4070
295 Annandale Street
HOBART TAS 7000
MANLY NSW 2095
26 Walworth Road
354 Rheban Road
354 Rheban Road
52 Oxford Terrace
38 Urban Close
20 Dale Street

38/62 North Steyne Road
Lewis Family Account>

923 Cygnet Coast Road
923 Cygnet Coast Road
70a Liverpool Crescent


26 Walworth Road
50b Beecroft Road
3666 Moggill Road
50b Beecroft Road
35 Hamilton Street
Suite 206
------------------------------------ Registered Name & Address Australian Asiatic Gems Pty Mr Stephen Bartrop Mr John Richard Bishop Sarah Victoria Bishop Fallon Nominees Pty Ltd Gage Resources Pty Ltd G JN Enterprises Pty Ltd Kate Godber Golden Reef Enterprises Pty Amelia Barbara Lewis Amelia Barbara Lewis Mr Roger James Gollan Lewis Liddington Technology Pty Ltd St Jude Exploration Pty Ltd Troppo Resources Pty Ltd Vir Robert John Waring Mr Andrew Hewlett White

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