IRON BEAR RESOURCES LTD — Major Shareholding Notification 2006

Jan 2, 2006

$4.605 <$ page $3/2/45$ July 2001.

Cape Lambert Von Ore Limited policialls of substantial holder(1) Commerzbank AG ACMARSN ( Sapplicable) 22 in 21 0 5. 23 411 05 The previous nation was given to the company on The mevious notice was dated. 2. Changes in relevant intercets. Particulars of each change in the matter of a research meant (2) of the substantial colder chan associated 13) in voting socialities of the company or scheme. Show the schetard in , hald arreges last required to give a substantial loading notice to the company of scients are as follows. Verworts votes ីlass (6) ខ ปี Consideration Native of Person where ⊙Date′¢fi affected. . humber of. given to catation ્રોમાં મુખ્ય (4) recovery inversal change			Notice of ceasing to be a substantial holder
	30 Company Name/Schame
	JACN/ARSN
	Name
	The holder ceases to be a substantial in ICEF OR
21.12.05 Commerchant AG		channer -		Self		to changels]. AUD 0,3462	seculies: affected. 745450		745 450.

2. Changes in association-

The persons who have become associates (3) of, deased to birresperse of collection of the association (7) with, the substantial holder in referent to voting interests in the company or scheme are as follows:

a a chairm a bhliain an an an an ann an an an an ann an a-chail bhliain a	_________
- Maluger of association
interno and ACM/ARSN (It sipplicable).
10000000000000000000000000000000000000
Manufacture of the construction of the control of the control of the control of the control of the control of
	_________

4. Addresses

3 he autorizates of persons hamed in this form are as follows:

чинк
	Monday Port Maria	. مستدر	. . . 111 Estate Allen County . G.F.	. .

Signature

Formin Andreas Marberter Creative Diector sign here