IRON BEAR RESOURCES LTD — Major Shareholding Notification 2004

Apr 28, 2004

$\mathcal{N} \mathbb{Z} \mathbb{Z} \mathbb{R} \mathbb{R} \mathbb{Z}$ , $\mathcal{M} \mathbb{N} \mathbb{N}$ DE. ELDS $\mathcal{L}(\mathcal{L})$ $\bar{\psi}$ : $\mathbb{Z} \supseteq$

International Goldfields Himited ABN 71 095 047 920 Ground Floor 18 Oxford Close Leederville Perth Western Australia 6007 Telephone +618 9388 0744 Facsm(ln +618 9382 14) [

29 April 2004

Ms Marian Tang Companies Adviser Australian Stock Exchange Limited Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000

By Facsimile: (08) 9221 2020

Dear Ms Tang

NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

Please find attached Form 604 received from Commerzbank AG.

Please contact the writer if you have any queries.

Kind regards

Tony Sage Executive Chairman

≤ ≯29.APR.2004	INGSX PERTHE GULDEIELDS LINITED 7 92212020
	28/04/2004 21:37 +49 61 8 93821411
$28/04$ $04$ $15:38$ $FAX$ $-49$ 69 $13624608$	2CS COMPL 2 FFM

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			Form 604 Corporations Act 2001 Section 671R
			Notice of change of interests of substantial holder
Та Самрему Мамс/Секция,			International Goldtields Ltd.
AGN/ARSN		$0950 + 9920$
1. Details of substantial holder(1) Nome ACN/ARSN (il applicable)			Commerzhank AG
There was a change in the interests of the substantial holder an The presided notice was select	The previous riotice was owen to the company on 2. Previous and present voting power	ين بن بي بي بان ا بن
			The tall number of verse strached to all thousting shares in the company or vering interests in the schome that the substantial holder or an accordate (2) that a relevant increasing (3) in which less that lead what haw tapultad, to dive a magnetic balding posites to the company or achorat, are as follows:
	Cluss of securities (4)	They have notice Person's votes	Voting nower (S)	Present notice. Person's votes	Voting gower (5)
		10.2±1 ברחו	ሰጊፃስ	דרים, וכים וו	ငု	$\gamma_n$

1. Changes in retevant interests

2. 3

Particulars of each change in, onchange in the neure of, a relevant interest of the substantial holider or an associate in voting securities of the company or scheme, since the
Eurothanicular with the resultion quantitudin

ローーイ ւ կուղբ	مستعرفين ومستعملة televosi interest changer.	The form of ) in ge (fil	Developmenters giuno in artista po $\omega$ change $\langle \mathcal{I} \rangle$	المصورات umkan di SACULITIES.	Protection would والمورد الهزازي
	WAS ARREST DESCRIPTION OF A REPORT OF A REAL PROPERTY 214 Of Commershows As Acquisition		out ubot	affesten.	TERTYKS I NS-250 $215.280$
	2.4 Of Commerciant Achequisition AuD 0,4208 176.500 26.4.04 Commerzo with AG Acquest (ton hills 0,19200 L.S.B. EZ 1. Clo. ICZ				— కాం

1. Present relevant imprests

Particulars of each relevant interest of the substantial holder in vating sequitibes after the shange around follows:

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listar af Talavant intentero	Registered holder of Strauching.	الماليانين بسنبراء to be registered as nolder (b.	Holum vá relevanti Interest (Bi	Clean and number of sccurities	്ലാംഗ്യ മാത
Grand bi		Commercianis Commercial Holder of			III. SV-58 III. 531. 523.
			ECCUMICS

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* Odinary Sharr.

		604 page 2/2 15 July 2001
	8. Changes in association	The persons who have he come asteriates (3) of computing come into only a computation of the model of the product of a book consideration of a book consideration of a book consideration of a book consideration of a book co
	interests in the company or scheme are as follows:
	Name and ACN/AREN (if applicants)	Nature of activities of
	N/A
6. Addresses
	The additional of persons dynamical in this frame are no fullness:
	Name	Andress
	Conmertbauk G	Austin Triars, Condon, EC2 2NB, UK
Signature
	print nama	$m$ and $C$ $\lambda$ defined $\lambda$ and $D$ in each $\sigma$
	sign here	ato 28 / 04/04
		DIRECTIONS
U)
		if there are a number of substantial holders with dimiler or related related interests (eg. a corporation ins related corporations, or the memory and busine of an
	lum.	coulty treat). The nones could be included in arrameours to the rem. If the relevant interests of a group of persons are essentiany similar, tray may be related to throughout the form as a proditionly moved group if the propherable of enti-group with the court out of the court of streating the weap we can happen up to a the
ū	لأمام الأمام المالك المستقل المستقل المستقل المستقل المستقل المستقل المستقل المستقل المستقل المستقل المستقل ال
a
	See the definition of "relevant interest" in sections 508 and 5716(7) of the Corporations Art 2001
14	The voting shares of a company constitute one class unless divided into separate closes.
ω	the parson's vates onlined by the total varies in the pake corporate in scheme multiplied by 100.
ω	include details of:
m		יונה ה- המוסד המוסדות המוסדות הבחומית המוסדות ההמוסדות המוסדות המוסדות המוסדות המוסדות המוסדות המוסדות המוסדות der Register und Archivel von der der der den der der der den gegen gehigt die erstende der fleunde spreen sowere in arrangement, must pecompany this favor, together with a wolten seatement cartifiling this semi-set adtents or entention and and
乨		שוע חושות הוא החומר מלא מחדשות המורחות מיווים לה מצורה הר היו הוא היו מורחות המורח החומרים המורח המורח החומרים
	See the definition of Treiavant agreement in section 9 of the Corporations Act 2001, -	which the mission therest relates (indicating desrivate particular securities to writer the qualifiration empires).
D,
		Datalls of the consideration must include any and all penefits, mancy and other, that any person framewham a relievent increast was acquired itse, or may, become a omition to then in ministration that proposition. Dollais must be included oven if the bandit is dentitioned on the bappening or not as a assistance be to be also must be
	The relevant interest was appured.	induced of copies and colonial of occurrence in the second investigate experiment stars and they are the Rita at East of the presentation in
Ø,		If the calculated holder is unable to date other the liberality of the person (ng, if the relevant interest arises because of an aprioti) by the funknown".
p,
		Give datable, if appropriate, of the present description and one dimino in that acoust the subset the book enterpretence religions religion