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IRON BEAR RESOURCES LTD Major Shareholding Notification 2004

Apr 20, 2004

65091_rns_2004-04-20_a8440b4a-a0a0-421a-bdba-ec7cce8f3c19.pdf

Major Shareholding Notification

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INTERNATIONAL GOLDFIELDS LIMITED

International Goldieids Limited: ABN 71-095-047-920-Ground Roor 18 Oxford Close Leederville Penth Western Australia 6007 Telephone +618 9388 0744 Facsimile +618 9382 1411 PO Box 144 West Penth Western Australia 6872 www.internationalgoidilelds.com

April 21 2004

Company Announcements Office Australian Stock Exchange Limited

Via: E Lodgement

COMMERZBANK AG INCREASES SHAREHOLDING

Further to our announcement on Monday 19 April 2004 the Directors of International Goldfields Limited (IGL) are pleased to announce that Commerzbank AG has increased its holding in the Company from 5.23% to 7.03%.

Should there be any queries on this matter please do not hesitate to contact the writer.

Yours faithfully

Tony Sage Executive Chairman