IGO LIMITED — Capital/Financing Update 2008

Aug 19, 2008

ASX Release 20 August 2008

ASX code: IMA

2nd Floor, 35 Outram St West Perth WA 6005 PO Box 644 West Perth WA 6872 Telephone 08 9485 2410 Facsimile 08 9485 2840 info@imageres.com.au www.imageres.com.au

ABN 57 063 977 579

NEW BRONCO PLAINS GOLD JOINT VENTURE

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Image Resources NL is pleased to announce a joint venture on its 230sq km 100%owned Bronco Plains gold project situated 140km east of Kalgoorlie in Western Australia.

The Image tenements occur on the 300km-long Tropicana-Beachcomber trend, where AngloGold Ashanti Australia Ltd (AGA) and Independence Group NL (IGO), have identified an initial 4 million ounce gold resource at Tropicana (IGO ASX release 3 December 2007). In addition to Tropicana, AGA and IGO have identified numerous other gold prospects as shown on the attached map. The TropicanaBeachcomber trend is interpreted to be located on the collision zone between the Yilgarn Craton and the Fraser Range Mobile Belt and is considered to have potential to be a new Australian gold province.

Wide-spaced sampling by Image on its tenements has identified several areas of gold and multi-element anomalism which warrant further sampling and drill testing. The initial sampling was targeted on structurally complex areas interpreted from aeromagnetic data in areas of extensive cover.

Under the terms of the agreement AGA and IGO may earn a combined 72% interest in two contiguous exploration licences by sole funding $2million of expenditure within four years. Subject to completion of the necessary permitting, it is anticipated that AGA and IGO will commence follow-up sampling and drilling during the next three months. Image is encouraged by the results of its sampling at Bronco Plains and by the opportunity to participate in exploration of this emerging gold province.

For more information on the company visit www.imageres.com.au

Please direct enquiries to: George Sakalidis Roger Thomson Managing Director Executive Director Phone (08) 9485 2410 Phone (08) 9485 2410 Mob 0411 640 337 Mob 0419 969 183

The information in this report that relates to exploration results is based on information compiled by Roger Thomson BSc, ARSM, MAusIMM, who is a Member of the Australian Institute of Geoscientists. Roger Thomson is a director of Image Resources NL. Roger Thomson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Roger Thomson consents to the inclusion of this information in the form and context in which it appears in this report.

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Bronco Plains Joint Venture