HAWTHORN RESOURCES LIMITED — Capital/Financing Update 2012

Apr 15, 2012

ASX Announcement 16 April 2012

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An NMDC Group Company

ASX Market Announcements ASX Limited

About Legacy Iron Ore

Legacy Iron Ore Limited (“Legacy” or the “Company”) is a Western Australian based Exploration Company, focused on iron ore and gold exploration and discovery.

Legacy’s mission is to increase shareholder wealth through capital growth, created via the discovery, development and operation of profitable mining assets.

The Company was listed on the Australian Securities Exchange on 8 July 2008. Since then, Legacy has had a number of iron ore, manganese and gold discoveries which are now undergoing drilling and resource definition.

Board

Narendra Kumar Nanda , Non-Executive Chairman Sharon Heng, Executive Director & Managing Director Swaminathan Thiagarajan , Non- Executive Director Subimal Bose , Non-Executive Director Timothy Turner, Non-Executive Director Ben Donovan , Company Secretary

Key Projects

Via E Lodgement

MOBILISATION OF DRILL RIGS

Further to the announcement dated 10 April 2012, Legacy Iron Ore Ltd (“Legacy”) wishes to advise that the first drill rig has arrived on site at the Mt Bevan project.

The drill rig will commence RC drilling from Wednesday, with additional RC drill rigs and a diamond drill rig expected to be onsite within 2 weeks.

Mt Bevan is a Legacy / Hawthorn Resources Limited Joint Venture.

Yours faithfully,

LEGACY IRON ORE LIMITED

Sharon Heng

Managing Director

Mt Bevan Iron Ore Project Hamersley Iron Ore Project Robertson Range Iron Ore and Manganese Project South Laverton Gold Project East Kimberley Gold, Base Metals and REE Project

Enquiries

Sharon Heng Managing Director Phone: +61 8 9421 2005

ASX Codes: LCY, LCYOA, LCYOB

LEVEL 5, CITIBANK HOUSE 37 ST GEORGES TERRACE PERTH WA 6000

PO BOX 5768 ST GEORGES TERRACE WA 6831

Phone: +61 8 9421 2005 Fax: +61 8 9421 2001 Email: info@legacyiron.com.au Web: www.legacyiron.com.au