HAWSONS IRON LTD — Capital/Financing Update 2008

Jun 5, 2008

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6 June 2008

Company Announcements Office Australian Stock Exchange 4th Floor, 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

DESPATCH OF PROSPECTUS

On 19 May 2008 Carpentaria Exploration Limited (ASX:CAP) lodged with ASIC a short form prospectus in relation to a non renounceable entitlements issue of 1 New Option, exercisable at 30 cents on or before 30 June 2010, for every 2 Shares held by Shareholders at 5pm on 2 June 2008 at an issue price of $0.01 per New Option ( the Prospectus ).

CAP confirms that copies of the Prospectus together with personalised Entitlement and Acceptance Forms were dispatched to all Eligible Shareholders today.

Yours faithfully

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Chris Powell Company Secretary

55 Little Edward Street, Ground Level, Boundary Court, Spring Hill, Queensland 4000 PO Box 1019 Springhill QLD 4004

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Phone: + 61 7 3161 3801 Fax: + 61 7 3161 3786 e‐mail: info@capex.net.au Website: www.carpentariaex.com.au