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IMAGE RESOURCES NL Capital/Financing Update 2007

Aug 27, 2007

65117_rns_2007-08-27_025ecefe-6cd2-477f-9c1a-61d56b6fd1f8.pdf

Capital/Financing Update

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==> picture [100 x 111] intentionally omitted <==

28 August 2007

Company Announcements Office Australian Stock Exchange Limited 4[th] Floor, 20 Bridge Street SYDNEY NSW 2000

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

ABN 57 063 977 579

INSTITUTIONAL SUPPORT FOR IMAGE

Image Resources is delighted to welcome institutional investor, Independent Asset Management, as a shareholder following a commitment to a placement of 1,000,000 shares for $2,000,000.

Independent Asset Management is a strategic investor focusing upon emerging producers and has indicated it is a long-term shareholder looking to increase its stake in the company.

Image can now focus on advancing the Cooljarloo and Cooljarloo North projects to the resource delineation stage and further progress its pre-feasibility studies.

End of release