IMAGE RESOURCES NL — Capital/Financing Update 2015

Aug 6, 2015

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ASX Code: IMA 7[th] August 2015

Ground Floor, 23 Ventnor Avenue West Perth WA 6005 PO Box 469 West Perth WA 6872 Telephone 08 9485 2410 Facsimile 08 9486 8312 www.imageres.com.au Image Resources NL ABN 57 063 977 579

Foreign Investment Review Board (FIRB) Approval

Image Resources NL (ASX: IMA) is pleased to announce that FIRB approval has been received for the proposed transaction between Image Resources NL, Murray Zircon Pty Ltd (MZ) and Guangdong Orient Zirconic Ind Sci & Tech Co Limited (OZC) as contemplated in the Memorandum of Understanding announcement of 30 April 2015. Under the transaction approved by FIRB Murray Zircon is to acquire an interest in Image and a security interest on the Boonanarring tenements (M70/1194 and M70/1311).

This is a very important step for the company leading to the commencement of production at Boonanarring.

Collis Thorp the Chief Executive Officer said that this together with the progress on legal documentation clears the way forward for this transaction to be prepared for submission to shareholders.

For further information:

John Jones Collis Thorp Chairman CEO

www.imageres.com.au