IGO LIMITED — M&A Activity 2011

Apr 17, 2011

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INDEPENDENCE ANNOUNCES EXTENSION OF JABIRU TAKEOVER OFFER TO 29 APRIL 2011 AND CONFIRMS OFFER WILL CLOSE ON 29 APRIL 2011

There will be no further extensions to Independence’s unconditional takeover offer for Jabiru

As you are aware, on 1 April 2011, Independence Group NL ( Independenc e) declared its recommended off-market takeover offer for Jabiru Metals Limited ( Jabiru ) unconditional .

The Offer is currently scheduled to close at 5.00pm (AWST) on 19 April 2011. The Offer period will now extend to 5:00pm (AWST) on 29 April 2011 . Independence confirms that the Offer will not be extended beyond 29 April 2011 and urges all Jabiru shareholders who have not yet accepted the Offer to accept before it closes.

Accepting shareholders will be paid within 5 business days of receipt of a valid acceptance.

As at 5.00pm (AWST) on 15 April 2011, Independence had a relevant interest of 86.24% in Jabiru shares.

If you require an additional copy of the Acceptance Form, please call Security Transfer Registrars on (08) 9315 2333 to request the additional copy.

Independence urges all Jabiru shareholders who have not yet accepted the offer to ACCEPT WITHOUT DELAY .

For further information please contact:

Mr Christopher Bonwick Jabiru Shareholder Information line Managing Director 1800 614 482 (toll free within Australia) Independence Group NL +61 8 9479 1777 +61 2 8256 3389 (outside Australia)

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