IMAGE RESOURCES NL — Share Issue/Capital Change 2004

Jun 20, 2004

ASX Release 21 June 2004

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

SHARES and OPTIONS BEING RELEASED FROM ESCROW

In accordance with ASX listing rule 3.10A, the company advises that the following securities will be released from escrow on 4 July 2004:

• 16,504,693 fully paid ordinary shares; 1.
• $\overline{2}$ . 10,087,475 options having an expiry date of 25 August 2006 and an exercise price of \$0.25 each.

Rudolf Tieleman COMPANY SECRETARY