IGO LIMITED — M&A Activity 2011

Apr 17, 2011

==> picture [315 x 92] intentionally omitted <==

18 April 2011

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

NO. OF PAGES : (3)

Takeover bid by Independence Group NL for Jabiru Metals Limited

Final Extension of Offer Period

Independence Group NL has today announced that it has extended its offer for all the ordinary shares in Jabiru Metals Limited so that it will now close on 29 April 2011.

There will be no further extensions .

A copy of the formal notice of variation, together with an accompanying letter to be sent to Jabiru shareholders, is attached.

Yours faithfully

==> picture [130 x 35] intentionally omitted <==

Kelly Ross Company Secretary

==> picture [417 x 20] intentionally omitted <==

A copy of this notice was lodged with ASIC on 18 April 2011. ASIC takes no responsibility for the contents of this notice.

Independence Group NL

Takeover offer for Jabiru Metals Limited

Notice of variation – Extension of offer period

To: Australian Securities and Investments Commission ( ASIC )

Jabiru Metals Limited ( Jabiru )

Each person to whom offers were made under the takeover bid referred to in this notice

Independence Group NL ABN 46 092 786 304 ( Independence ) gives notice that its takeover offers for all of the ordinary shares in Jabiru contained in its bidder’s statement dated 23 February 2011, 1st supplementary bidder’s statement dated 22 March 2011 and 2nd supplementary bidder’s statement dated 1 April 2011 are varied by extending the period during which the offer will remain open so that the offer will now close at 5:00pm (Perth, Western Australia time) on 29 April 2011.

DATED: 18 April 2011

Signed for and on behalf of Independence Group NL

==> picture [129 x 36] intentionally omitted <==

Kelly Ross Director

18 April 2011

==> picture [315 x 93] intentionally omitted <==

Dear Shareholder

Independence’s offer for Jabiru – FINAL extension of offer period

Independence Group NL has extended the offer period under its takeover bid for all the ordinary shares in Jabiru Metals Limited.

The offer is now scheduled to close at 5:00pm (Perth, Western Australia time) on 29 April 2011 .

There will be no further extensions .

An announcement on the extension of the offer and a formal notice of variation required by the Corporations Act 2001 (Cth) are enclosed.

If you have already accepted Independence’s offer you need not take any action. If you have not, I encourage you to accept the offer without delay.

If you have any queries in relation to how to accept the offer or any other matter relating to the takeover bid, please contact Independence’s offer information line on 1800 704 395 (within Australia) or 61 2 8256 3393 (outside Australia).

Yours sincerely

==> picture [130 x 35] intentionally omitted <==

Kelly Ross Director Independence Group NL

==> picture [417 x 20] intentionally omitted <==