IRON BEAR RESOURCES LTD — Major Shareholding Notification 2007

Nov 13, 2007

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14 November 2007

The Company Announcements Office Australian Stock Exchange Limited

Via E Lodgement

Ceasing to be a substantial holder

Please find attached a Form 605 – Notice of ceasing to be a substantial holder received by the Company.

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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