EQ RESOURCES LIMITED — Capital/Financing Update 2006

Jun 1, 2006

MARKET RELEASE

2 June 2006

Icon Resources Ltd

ADMISSION TO OFFICIAL LIST

Icon Resources Ltd was admitted to the Official List of Australian Stock Exchange Limited on Friday, 2 June 2006.

Official Quotation of the following securities will commence at 11.00 am E.S.T. on Tuesday, 6 June 2006.

22,393,999

ordinary shares fully paid issued at \$0.20 per share

Security Code: III

Christopher Chong.

Christopher Chong Adviser, Issuers (Sydney)

ASX Circular

Date: 2 June, 2006

Key topics

• 1. Icon Resources Ltd
• 1. ASX code: III
• 1. Quotation expected to commence 11:00 am EST on Tuesday, 6 June 2006

Reading List
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Client Advisers Compliance Managers Corporate Advisory Issuers Institutions Listing Officers ASTC Participants Operations Managers (back office) Research Analysts Share Registries ACH Participants Market Participants

Contact

Christopher Chong

Telephone

(02) 9227 0249

Australian Stock Exchange Ltd ABN 98 008 624 691 Exchange Centre 20 Bridge Street Sydney NSW 2000 PO Box H224 Australia Square NSW 1215

Internet: http://www.asx.com.au

ICON RESOURCES LTD - COMMENCEMENT TO OFFICIAL QUOTATION

Icon Resources Ltd (the "Company") was admitted to the official list of Australian Stock Exchange Limited ("ASX") on Friday, 2 June 2006.

Official Quotation of 22,393,999 ordinary shares fully paid issued at \$0.20 per ordinary share is expected to commence at 11.00 am EST on Tuesday, 6 June 2006.

Quoted Securities:	22,393,999 fully paid ordinary shares
ASX Code:	Ш
Time:	11.00 am EST
Date:	6 June 2006
SEATS Abbreviation:	ICON RES
ISIN:	AU000000III2
Home Branch:	Sydney
Industry Classification:	1510 Materials
Registered Office:	Suite 302 Lime Street
	Sydney NSW 2000
	Phone: 02 9279 1252
	Fax: 02 9279 2727
	Web address: www.iconresources.com.au
Company Secretary:	Robert Waring
Share Registry:	Computershare Investor Services Pty Limited
	Level 2
	45 St Georges Terrace
	Perth WA 6000
	Phone: 08 9323 2000
	Fax: 08 9323 2033
Balance Date:	30 June
CHESS:	Participating. The Company will also operate an issuer sponsored subregister.
State of Incorporation:	Victoria
ASX restricted securities: See below

Activities:	Junior explorer specialising in Gold and Zinc.
Securities not quoted:	14,520,286 ordinary shares fully paid are classified by ASX as restricted securities and are to be held in escrow for a period of 24 months from commencement of official quotation.
	3,085,715 ordinary shares fully paid are classified by ASX as restricted securities and are to be held in escrow until 29 March 2007.
	1,150,000 options exercisable at \$0.30 each on or before 8 March 2011 are classified by ASX as restricted securities and are to be held in escrow for a period of 24 months from commencement of official quotation.
	50,000 options exercisable at \$0.30 each on or before 8 March 2011 are classified by ASX as restricted securities and are to be held in escrow until 8 March 2007.

J.

For further information please refer to the Company's Prospectus dated 21 April 2006.