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IRON BEAR RESOURCES LTD Capital/Financing Update 2016

Dec 18, 2016

65091_rns_2016-12-18_e4d6968d-0a36-445d-b7b3-ef4837f7fcbc.pdf

Capital/Financing Update

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ASX Announcement 19 December 2016

Issue of Options

Australian resource and investment company, Cape Lambert Resources Limited ( ASX:CFE ) ( Cape Lambert or the Company ) advises that 7,675,000 unlisted options exercisable at $0.088 each in the Company have been cancelled in accordance with the terms on which the options were issued.

Cape Lambert Resources Limited (ASX: CFE) is a fully funded mineral development company with exposure to iron ore, copper, gold, uranium, manganese, lithium and lead-silverzinc assets in Australia, Europe, Africa and South America.

Australian Securities Exchange Code: CFE

Ordinary shares 720,686,586

Yours faithfully Cape Lambert Resources Limited

Unlisted Options 23,500,000 ($0.05 exp 31 Dec 2018)

Board of Directors Tony Sage Executive Chairman

Melissa Chapman Company Secretary

Tim Turner Non-executive Director

Jason Brewer Non-executive Director

Melissa Chapman Company Secretary

Key Projects and Interests Marampa Iron Ore Project Pinnacle Group Assets

Cape Lambert Contact Tony Sage Executive Chairman

Eloise von Puttkammer Investor Relations

Phone: +61 8 9380 9555 Email: [email protected]

Australian Enquiries

Professional Public Relations David Tasker Phone: +61 8 9388 0944 Mobile: +61 433 112 936 Email: [email protected]

www.capelam.com.au

www.capelam.com.au

Cape Lambert Resources Limited ABN 71 095 047 920 Corporate - 32 Harrogate Street, West Leederville WA 6007