IMAGE RESOURCES NL — Regulatory Filings 2005

Aug 4, 2005

ASX Release 5 August 2005 ASX code: IMA

2^nd Floor, 35 Outram St West Perth WA 6005 PO Box 644 West Perth WA 6872 Telephone 08 9485 2410 Facsimile 08 9485 2840 info@imageres.com.au www.imageres.com.au

ABN 57.063.977.579

HIGH-GRADE GOLD INTERSECTED

AT MT HAYS, 2m @ 52.1g/t Au

Image Resources is pleased to announce a high-grade drill intersection from recent drilling at its 90%-owned Mt Hays gold project 60km east of Nullagine in the Pilbara region. The 6-hole, 684m RC drilling programme was carried out over a 500m strike length of quartz veining and stockworks returning a best intersection of 2m at 52.1g/t Au from 92m, including 1m at 102.6g/t Au (3.3oz/t) in drill hole MHRC-3, see attached map. This drill hole tested below a previous RAB intersection of 2m at 4.0g/t Au from 33m in drill hole MHDRB-6A and confirmed the down-dip extension of the mineralisation. Three of the remaining five holes intersected anomalous gold values as summarised below:

Hole No	Collar Coordinates		Azimuth	From	To	Interval	Gold Grade
				m	m	m	g/t Au
MHRC-2	6799	1454	$145^\circ$	68	72	$4^*$	0.3
MHRC-3	6830	1514	$151^\circ$	92	95		52.1
Including				92	93		102.6
MHRC-4	6859	1592	$170^\circ$	117	118		0.5
MHRC-6	6879	1867	$137^\circ$	116	120	4*	$0.8$ eoh

1m samples, uncut, dip -60°, * 4m composite sample, eoh; end of hole. Samples analysed using an aqua regia digestion, solvent extraction and flame atomic absorption spectrometry.

This wide-spaced drilling suggests a potential for high-grade shoots within this mineralised shear zone discovered by Image in 2002. The high-grade intercept is near the bottom of hole MHRC-3 and may not have penetrated all of the mineralized zone when related to the extent of the quartz vein outcrops. The prospect is situated about 25km east along strike from Golden Gate where Wedgetail Exploration has recently released a gold resource as part of its 886,000oz Nullagine Gold Project. Image is planning further drilling to investigate the potential of the high-grade Mt Hays mineralisation. In addition further sampling will be carried out over anomalous gold values obtained in soil sampling about 1.5km to the north.

At Mt Elsie, some 20km to the north of Mt Hays, a 3-hole, 138m RC drilling programme intersected shallow mineralisation at the T4 prospect, summarised as follows:

Hole No		Collar Coordinates	From	То	Interval	Gold Grade
	N		m	m	m	g/t Au
ERC-36	8465	50506	12	18	6	2.5
			36	40		1.5
ERC-37	8479	50519
			19	27		1.2
ERC-38	8494	50534	10	14		32

1m samples, uncut, dip -60°, azimuth 130°. Samples analysed using an aqua regia digestion, solvent extraction and flame atomic absorption spectrometry.

This drilling followed up a previous best intercept of 17m at 3.7g/t Au from 2m in drill hole ERB-352. The drilling confirmed mineralisation over a 50m strike length. Further investigation to examine the significance of these results is in progress.

Mt Hays RC Drill Locations

For more information on the company visit www.imageres.com.au

Please direct enquiries to: Roger Thomson Managing Director Phone (08) 9485 2410

George Sakalidis Executive Director - Exploration Phone (08) 9324 2810

The information in this report that relates to exploration results is based on information compiled by Roger Thomson BSc, ARSM, MAusIMM, who is a Member of the Australian Institute of Geoscientists. Roger Thomson is an employee of Image Resources NL. Roger Thomson has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the 'Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Roger Thomson consents to the inclusion of this information in the form and context in which it appears in this report.