IMAGE RESOURCES NL — Share Issue/Capital Change 2007

Feb 14, 2007

Australian Stock Exchange Limited CAPS Office

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

Dear Sir/Madam,

RE: RECORD DATE 20 February 2007

NOTICE IS HEREBY GIVEN that the record date for the purposes of determining entitlements to participate in the bonus issues of securities in Magnetic Resources NL is close of business 20 February 2007.

Potential purchasers of Image shares wanting to participate in the bonus issues should consult their brokers for advice before proceeding.

Yours faithfully MANAGING DIRECTOR

Roger Thomson 15 February 2007