IRON BEAR RESOURCES LTD — Major Shareholding Notification 2010

Aug 18, 2010

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To: Company name/Scheme

CAPE LAMBERT RESOURCES LIMITED

ACN/ARSN

095 047 920

1. Details of substantial holder (1)

Name Copulos Group ACN (if applicable) The holder ceased to be a substantial holder on 12/04/2010 (as a result of increase in issued capital of the company) Previous notice was given to the company on 12/02/2010 Previous notice was dated 12/02/2010

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	Person whose relevant	Nature of	Consideration given	Class (6) and	Person’s votes
change	interest changed	change (4)	in relation to change	number of securities	affected
			(5)	affected
13/02/2010-	Eyeon Investments Pty Ltd	On market	$84,260	ORD 600,000	600,000
17/08/2010		disposal
13/02/2010-	Spacetime Pty Ltd	On market	$868,000	ORD 1,350,000	1,350,000
17/08/2010		acquisition
13/02/2010-	Citywest Corp Pty Ltd	On market	$1,672,381	ORD 5,267,564	5,267,564
17/08/2010		disposal
13/02/2010-	Supermax Pty Ltd	On market	$389,899	ORD 248,379	248,379
17/08/2010		acquisition

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 (if applicable)	Nature of association
No change

4. Addresses

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

Name	Address
Copulos Nominees PtyLtd	PO Box 1456, Shepparton VIC 3632
Eyeon Investments PtyLtd	PO Box 1456, Shepparton VIC 3632
Spacetime PtyLtd	PO Box 1456, Shepparton VIC 3632
Citywest CorpPtyLtd	PO Box 1456, Shepparton VIC 3632
Supermax PtyLtd	PO Box 1456, Shepparton VIC 3632

Signature

print name Stephen Copulos

Capacity Director

==> picture [47 x 64] intentionally omitted <==

sign here

Date 18.08.2010

DIRECTIONS

• (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 the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) 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.

• (6) 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 must be included even if the benefit is conditional on the happening or not of a contingency. Details must be 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.

• (7) The voting shares of a company constitute one class unless divided into separate classes.

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