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IRON BEAR RESOURCES LTD Capital/Financing Update 2011

Dec 15, 2011

65091_rns_2011-12-15_ec691867-cf4f-4312-a261-df80c6f15be4.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

==> picture [83 x 44] intentionally omitted <==

16 December 2011

Manager of Company Announcements ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001

By E-Lodgement

BOARD

Jason Bontempo Jeremy King Bernard Aylward

COMPANY SECRETARY Emma Wates

Glory Resources Completes Acquisition of Sapes Gold Project

CORPORATE INFORMATION

Glory Resources Limited (ASX: GLY) ( Glory or the Company ) is pleased to advise that it has completed the acquisition of the high grade Sapes Gold Project from Cape Lambert Resources Limited (ASX:CFE).

Shares on issue 37.8m Options on issue 15.2m Cash $3.3m

REGISTERED OFFICE

The Company will continue to update shareholders with respect to the recommencement of trading on ASX.

945 Wellington Street West Perth WA 6005

POSTAL ADDRESS PO Box 1263 West Perth WA 6872

For further information please contact:

Investors Jason Bontempo Jeremy King Bernard Aylward Director Director Director Tel: +61 (8) 9322 7600 Tel: +61 (8) 9322 7600 Tel: +61 (8) 9322 7600

Media

David Tasker Professional Public Relations Tel: +61 (8) 9388 0944 +61 (0) 433 112 936 Em: [email protected]

CONTACT DETAILS Tel: +61 8 9322 7600 Fax: +61 8 9322 7602

SHARE REGISTRY

Security Transfer Registrars 770 Canning Highway Applecross WA 6153 Tel: +61 8 9315 2333

ASX CODE GLY

Glory Resources Limited ABN 38 142 870 102 945 Wellington Street, West Perth WA 6005 Telephone: +61 8 9322 7600 www.gloryresources.com.au | [email protected]