HAWSONS IRON LTD — Capital/Financing Update 2007

Nov 11, 2007

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Carpentaria Exploration Limited

ABN 63 095 117 981

12 November 2007

Vickrem Naicker Adviser, Issuers (Perth) ASX Limited Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Vickrem

COMPLETION OF TENEMENT SALE AGREEMENT

Carpentaria Exploration Limited confirms that it completed the Tenement Acquisition Agreement with Giralia Resources NL on 8 August 2007.

Yours sincerely

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Chris Powell

Company Secretary

REGISTERED OFFICE:

Level 2, 33 Ord Street, West Perth, Western Australia 6005 PO Box 1665, West Perth, Western Australia 6872 Tel: (+61-8) 9481 4440 Fax: (+61-8) 9321 0070

CAP/BA/Corr/1101.lc