IRON BEAR RESOURCES LTD — Major Shareholding Notification 2009

Oct 19, 2009

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	DMC MINING LIMITED
ACN/ARSN	121 513 620
1. Details of substantial holder(1)
Name		CAPE LAMBERT IRON ORE LIMITED ("CAPE LAMBERT"), DEMPSEY RESOURCES PTY LTD ("DEMPSEY") AND EACH ENTITY LISTED ON ATTACHED ANNEXURE "A" ("SUBSIDIARIES")
ACN/ARSN (if applicable)		095 047 920 (Cape Lambert), 100 305 486 (Dempsey) and Refer to Annexure "A"
There was a change in the interests of the substantial holder on		28/09/09
The previous notice was given to the company on		06/07/09
The previous notice was dated		06/07/09

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Present notice	Previous notice		Class of securities (4)
Person's votes Voting power (5)	Voting power (5)	Person's votes
25.000.000 31.68% based on 78.925.867 shares on issue	36.39%	25,000,000	Ordinary Fully Paid

3. Changes in relevant interests

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

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
28/09/09	Cape Lambert and Dempsey	Increase in issued capital of DMC Mining Limited	N/A	N/A	N/A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Cape Lambert	Dempsey	Dempsey	Relevant interest under s608(3) of the Corporations Act 2001 as it controls Dempsey.	25.000.000 ordinary fully paid shares	25,000,000
Dempsey	Dempsey	Dempsey	Registered holder of the shares.	25.000.000 ordinary fully paid shares	25,000,000

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

ACN/ARSN $\cdots$ Name and applicable) (It	Nature of association
N/A	N/A _________ --------------------

6. Addresses

The addresses of persons named in this form are:

Name	Address
. Cape Lambert, Dempsey and Subsidiaries	C/- 18 Oxford Close, LEEDERVILLE WA 6007

A TARATA A REGIONAL DE PORTUGUES DE CONTENTA DE LA CONTENTA DE PORTUGUES DE CONTENTA DE CONTENTA DE CONTENTA D Signature print name	ELOISE VON PUTTKAMMER	Company Secretary capacity
sign here	4H	date 20 2009 10
	DIRECTIONS v

• $(1)$ If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if t the form
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
• $(a)$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• $(b)$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details m $(7)$ included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". $(8)$

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

This is Annexure "A" of 1 page to the Form 604 dated 20 October 2009.

÷. Ţ

ELOISE VON PUTTKAMMER
Company Secretary

Details of subsidiaries of Cape Lambert Iron Ore Limited

Entity Name	ACN
Algarrobo Holdings (BVI) Limited	Not applicable
Allied Mining Pty Ltd	097 479 420
Andalucla Mineral Services Limited	Not applicable
Australian Ferroalloys Pty Ltd	095 682 643
Australis Exploration Pty Ltd	125 939 291
Buka Minerals (Lady Loretta No. 2) Pty Ltd	064 048 497
Buka Minerals Pty Limited	000 741 373
Buka Technologies Pty Ltd	007 189 096
Cape Lambert Lady Annie Exploration Pty Ltd	136 930 222
Cape Lambert Minsec Pty Ltd	136 930 204
CopperCo Minerals Pty Ltd	079 361 407
Copperwell Pty Ltd	009 398 725
Cuesta Resources (BVI) Limited	Not applicable
Danae Resources Pty Limited	009 173 880
Evanston Resources NL	067 702 452
Goodwest Investments Pty Ltd	097 126 773
Greenwich Resources (CR)	Not applicable
International Goldfields (Romania) Limited	091 744 437
Kadina Pty Limited	009 633 096
Kyprou Gold Limited	Not applicable
Manor Resources NL	009 280 086
Mt Anketell Pty Ltd	111 501 672
Mineral Securities (China) Pty Ltd	109 470 644
Millennium Minerals Operations Pty Ltd	077 507 521
Mineral Securities Hong Kong (NK) Limited	Not applicable
Mineral Securities Investments (Australia) Pty Ltd	125 112 325
Mineral Securities Limited	Not applicable
Mineral Securities (NK) Pty Ltd	111 364 562
Mineral Securities Operations Limited	091 158 593
Mineral Securities (SA) Pty Ltd	Not applicable
Mineral Securities (UK) Ltd	Not applicable
Minsec Investment Holdings (BVI) Limited	Not applicable
Minsec Investments (BVI) Limited	Not applicable
MS Corporate Director Limited	Not applicable
MS Corporate Secretary Limited	Not applicable
Multiplex Development Zarmitan Limited	Not applicable
Platmin Holdings Pty Ltd	117 927 965
Scarborough Minerals (Australia) Pty Limited	119 248 243
Scarborough Minerals (Finance) Ltd	Not applicable
Scarborough Minerals International BV Scarborough Minerals Overseas Holdings Ltd	Not applicable
Scarborough NL	Not applicable
Sierra Exploration SA	008 744 714
Sierra Minerals Limited	Not applicable
Thrace Investments BV	Not applicable Not applicable
Thrace Minerals Exploration & Mining SA
	Not applicable