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IRON BEAR RESOURCES LTD Capital/Financing Update 2012

Mar 21, 2012

65091_rns_2012-03-21_07ffb42c-f1a5-4d75-a187-cacab1317db6.pdf

Capital/Financing Update

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22 March 2012

Cauldron Energy Ltd.

ABN 22 102 912 783

CONVERTIBLE NOTE REDEMPTION DATE EXTENDED

Cauldron Energy Limited (ASX: CXU) (the Company ) advises that it has agreed with Dempsey Resources Pty Ltd, a wholly owned subsidiary of Cape Lambert Resources Limited ( Dempsey ) to vary the redemption date of the $2million convertible note held by Dempsey in the Company ( Dempsey Convertible Note ).

18 Oxford Close LEEDERVILLE WA 6007

PO BOX 144 West Perth WA 6872

ASX Code CXU

The redemption date for the Dempsey Convertible Note has been extended to 31 July 2012 to be in line with the other convertible notes issued by the Company.

For further information visit www.cauldronenergy.com.au or contact

Brett Smith Cauldron Energy Limited Ph: (08) 9211 5777

David Tasker Professional Public Relations Ph: (08) 9388 0944 Email: [email protected]

96.2 M ordinary shares 12.8 M listed options 600,000 unlisted options

Board of Directors

Tony Sage Executive Chairman

Brett Smith Executive Director

Qiu Derong Non-executive Director

Claire Tolcon Company Secretary

18 Oxford Close, Leederville WA 6007 PO Box 144 West Perth WA 6872 PHONE +61 8 9380 9555 FAX +61 8 9380 9666 www.cauldronenergy.com.au