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HAWSONS IRON LTD Capital/Financing Update 2008

May 28, 2008

65053_rns_2008-05-28_fb049c82-be65-4d50-8aa0-5bab505f1c65.pdf

Capital/Financing Update

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29 May 2008

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

Dear Sir / Madam

Re: SHAREHOLDER LETTER

Please find attached a copy of a letter as provided to Carpentaria Exploration Limited shareholders on 23 May 2008, regarding entitlements issue of new options.

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: [email protected]

Website: www.carpentariaex.com.au