IGO LIMITED — M&A Activity 2011

Mar 1, 2011

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2 March 2011

The Manager Company Announcements Office ASX Limited Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Sir/Madam,

RE: DESPATCH OF JABIRU METALS LIMITED TARGET’S STATEMENT

We refer to the off market takeover offer by Independence Group NL ACN 092 786 304 ( Independence ) for all the shares in Jabiru Metals Limited ACN 060 620 751 ( Jabiru ) that it does not already own, announced on 9 February 2011 ( Independence's Offer ), and to Jabiru's target's statement in relation to Independence's Offer, given to ASX on 28 February 2011 ( Target's Statement ).

We advise that Jabiru completed despatch of its Target's Statement to Jabiru security holders today.

The Target's Statement was sent to Independence and given to the Australian Securities and Investments Commission on 28 February 2011.

Yours faithfully

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Jabiru Metals Limited

JABIRU METALS LIMITED ABN 51 060 620 751 ACN 060 620 751 Ground Floor, 1205 Hay Street, West Perth, Western Australia, 6005 PO Box 1114, West Perth, WA 6872 Telephone: (+61 8) 9426 8300 Facsimile: (+61 8) 9426 8399 Website: www.jabirumetals.com.au