IRON BEAR RESOURCES LTD — Major Shareholding Notification 2007

Dec 2, 2007

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Jackson Gold Limited
ACN/ARSN	099 574 991

1. Details of substantial holder(1)

Name ACN/ARSN (if applicable)	Cape Lambert Iron Ore Ltd
	095 047 920
The holder ceased to be a substantial holder on	23/11/2007

24 / 02/ 2005

31/01/2005

The previous notice was dated

The previous notice was given to the company on

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change(5)	Class (6) and number of securities affected	Person's votes affected
23/11/07	CFE	Sale of Shares	\$773,500	ORD	6.11%
				5,525,000

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
	______ _____

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Lambert Iron Ore Cape Ltd	6872 WA. West Perth PO 144 Box
	--------------- ---------------------------------------

Signature

--------------------------------------
		print name Antony William Paul Sage	capacity Executive Director
	sign here		date 26 / 11 / 2007