IRON BEAR RESOURCES LTD — Major Shareholding Notification 2015

Aug 18, 2015

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The Capital Group Companies, Inc. 333 South Hope Street Los Angeles, California 90071-1406

thecapitalgroup.com

18 August 2015

BY FAX - ORIGINAL IN POST

(61 8 9380 9666)

Cape Lambert Resources Limited 32 Harrogate Street West Leederville, WA 6007 Australia

Re: Notice of Person Ceasing to be a Substantial Shareholder under Section 671B

Company Secretary:

Enclosed is a Notice under Section 671B of Person Ceasing to be a Substantial Shareholder dated 17 August 2015.

The Capital Group Companies, Inc. (“CGC”) is the parent company of Capital Research and Management Company (“CRMC”). CRMC is a U.S.-based investment management company that manages the American Funds family of mutual funds. CRMC manages equity assets for various investment companies through three divisions, Capital Research Global Investors, Capital International Investors and Capital World Investors. CRMC in turn is the parent company of Capital Group International, Inc. (“CGII”), which in turn is the parent company of five investment management companies (“CGII management companies”): Capital Guardian Trust Company, Capital International, Inc., Capital International Limited, Capital International Sàrl and Capital International K.K. The CGII management companies primarily serve as investment managers to institutional clients.

Neither CGC nor any of its affiliates own shares of Cape Lambert Resources Limited for its own account. Rather, the shares reported on Form 605 are owned by accounts under the discretionary investment management of one or more of the investment management companies that make up CGC.

Please note that CGC or one of its affiliates has made notifications to your company pursuant to Section 671B in the past.

For the purpose of this Notice, an outstanding share balance of 626,686,586 shares was used to calculate the percentage of holdings. We believe this outstanding share balance is correct; however, if this number is not accurate, please contact us as soon as possible so we may make the necessary revisions.

Should you have questions or require additional information, please contact us at (213) 615-0469, or send a fax message to (213) 615-4056. Alternatively, you may contact us via e-mail at GRGroup@capgroup.com.

Regards,

Christopher Aquino Compliance Specialist

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 The Capital Group Companies, Inc. CAN/ARSN (if applicable N/A The holder ceased to be a substantial holder on 17 August 2015 The previous notice was given to the company on 3 August 2015 The previous notice was dated 31 July 2015

The shares reported were owned by accounts under the discretionary investment management of 1 investment management company (Capital Research and Management Company) which is a direct or indirect subsidiary of The Capital Group Companies, Inc., 333 South Hope Street, 55th Floor, Los Angeles, California 90071.

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
3 August 2015 - 17 August 2015	The Capital Group Companies, Inc.	Decreased holdings	Average price per share of 0.0111 AUD	38,019,846 Ordinary Shares	38,019,846

See Annexure A dated 31 July 2015

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 N/A N/A

4. Addresses

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

Name	Address
The Capital Group Companies, Inc.	333 South Hope Street, 55thFloor LosAngeles, CA90071

The shares being reported are owned by accounts under the discretionary investment management of 1 investment management company (Capital Research and Management Company) which is a direct or indirect subsidiary of The Capital Group Companies, Inc., 333 South Hope Street, 55th Floor, Los Angeles, California 90071.

See Annexure A dated 17 August 2015 (copy attached)

Signature

Print name: Walter R. Burkley

Capacity:

Senior Counsel

sign here

Date:

18 August 2015

Annexure “A”

This is the Annexure of 2 pages marked Annexure “A” referred to in Form 605 (cease) signed by this corporation on 18 August 2015.

The Capital Group Companies, Inc.

By: ________ Walter R. Burkley Senior Counsel

Australia Annexure A

Cape Lambert Resources Limited As of 17 August 2015

CG Investment Management Company Capital Research and Management Company	Account Number 11000035	Number of Shares % Held 0 0.00% 0

0 0.00%

GRAND TOTAL

Australia Annexure A Nominee List

Cape Lambert Resources Limited

As of 17 August 2015

Nominee Name

Westpac Custodian Nominees 50 Pitt Street, 8th Floor Sydney, NSW 2000 Australia 11000035 0

Total Shares:

0