IRON BEAR RESOURCES LTD — Major Shareholding Notification 2010

Feb 11, 2010

Form 603

Corporations Act 2001 Section 671B Notice of initial 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 became a substantial holder on

15/01/2010

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities(4)ORD	Number of securities30,423,037 Shares	Persons' votes(5)30,423,037	Voting power (6)5.09% based on597,759,256 Shares

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interestCopulos Nominees Pty LtdEyeon Investments Pty LtdSpacetime Pty LtdCitywest Corp Pty Ltd	Nature of relevant interest (7)Beneficial holder of sharesBeneficial holder of sharesBeneficial holder of sharesBeneficial holder of shares	Class and number of securitiesORD 200,000ORD 1,000,000ORD 250,000ORD 26,928,717

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterestEyeonInvestments PtyLtdSpacetime Pty LtdCitywest Corp PtyLtdSupermax Pty Ltd	Registered holder of securitiesHSBC Custody Nominees(Australia) Limited as custodianfor Eyeon Investments FamilyTrustHSBC Custody Nominees(Australia) Limited as custodianfor Spacetime Pty LtdHSBC Custody Nominees(Australia) Limited as custodianfor Citywest Corp Pty LtdSupermax Pty Ltd	Person entitled to be registered asholder (8)Eyeon Investments Pty LtdSpacetime Pty LtdCitywest Corp Pty LtdSupermax Pty Ltd	Class and numberof securitiesORD 2,300,000ORD 250,000ORD 27,733,037ORD 140,000

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the 4 months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration (9)		Class and number ofsecurities
		Cash	Non-cash
Eyeon InvestmentsPty Ltd	26/08/2009 –08/02/2010	1,377,921	-	ORD 2,300,000
Spacetime Pty Ltd	26/08/2009 –08/02/2010	147,150	-	ORD 250,000
Citywest Corp PtyLtd	26/08/2009 –08/02/2010	13,412,338	-	ORD 27,733,037
Supermax Pty Ltd	26/08/2009 –08/02/2010	73,238	-	ORD 140,000

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Copulos Nominees Pty Ltd	Group company
Eyeon Investments Pty Ltd	Group company
Spacetime Pty Ltd	Group company
Citywest Corp Pty Ltd	Group company

7. Addresses

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

Name	Address
Copulos Nominees Pty Ltd	PO Box 1456 Shepparton VIC 3632
Eyeon Investments Pty Ltd	PO Box 1456 Shepparton VIC 3632
Spacetime Pty Ltd	PO Box 1456 Shepparton VIC 3632
Citywest Corp Pty Ltd	PO Box 1456 Shepparton VIC 3632
Supermax Pty Ltd	PO Box 1456 Shepparton VIC 3632

Signature print name S Copulos capacity Director

Date 12/02/2010 sign here