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IGO LIMITED Capital/Financing Update 2003

Mar 6, 2003

65111_rns_2003-03-06_614658e6-cff1-443d-a343-6075deaa5db7.pdf

Capital/Financing Update

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7 March 2003

Australian Stock Exchange Limited Company Announcements Level 10, 20 Bond Street SYDNEY NSW 2000

NO. OF PAGES : $(1)$

ESCROW RELEASE

Further to the announcement made on 4 April 2002 in relation to the voluntary escrow of a total of 1,199,994 fully paid ordinary shares, the Company confirms that 524,996 of these fully paid ordinary shares will be released from voluntary escrow on 28 March 2002.

A total of 1,499,994 fully paid ordinary shares in the Company were issued pursuant to a prospectus dated 19 March 2002 as consideration for the acquisition of 50% of the issued capital of Southstar Resources Limited.

Yours faithfully

CHRISTOPHER BONWICK Managing Director

PO Box 893, South Perth, Western Australia, 6951 Phone: (08) 9367 2755 Facsimile: (08) 9367 3288 Email: [email protected] Website: www.independencegold.com.au