IRON BEAR RESOURCES LTD — Director's Dealing 2008

Aug 20, 2008

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21 August 2008

The Company Announcements Office Australian Stock Exchange Limited

Via E Lodgement

Appendix 3Z – Final Director’s Interest Notice

Please find attached an Appendix 3Z: Final Director’s Interest Notice for Mr Burston.

Yours faithfully CAPE LAMBERT IRON ORE LIMITED Timothy Turner Company Secretary

For more information please contact:

Cape Lambert Iron Ore Limited Timothy Turner +61 8 9380 9555

Website

www.capelam.com.au

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Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity CAPE LAMBERT IRON ORE LIMITED ABN 71 095 047 920

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director IAN FRED BURSTON Date of last notice 23 July 2007 Date that director ceased to be director 15 August 2008

Part 1 – Director’s relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Direct

1,750,000 fully paid ordinary shares

3,300,000 $1.40 unlisted options exercisable on or before 30 June 2009

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interestNote: Provide details of the circumstances giving rise tothe relevant interestN/A	Number & class of securities

Part 3 – Director’s interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
No. and class of securities to	N/A
which interest relates

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002