IRON BEAR RESOURCES LTD — Share Issue/Capital Change 2003

Nov 13, 2003

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002.

Name of entity

International Goldfields Limited

ABN

71 095 047 920

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• $\mathbbm{I}$ ⁺Class of ⁺securities issued or to be issued
• $\overline{2}$ Number of ⁺securities issued or to be issued (if known) or maximum number which may be issued
• $\overline{\mathbf{3}}$ Principal terms of the ⁺securities (eg, if options, exercise price and expiry date; if partly paid *securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

⁺ See chapter 19 for defined terms.

$\overline{4}$ Do the *securities rank equally in all respects from the date of allotment with an existing ⁺class of quoted *securities?

If the additional securities do not rank equally, please state:

• the date from which they do
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Issue price or consideration 5

• Purpose of the issue 6 (If issued as consideration for the acquisition of assets, clearly identify those assets)
• $\overline{\tau}$ Dates of entering *securities into uncertificated holdings or despatch of certificates
• Number and ⁺class of al $\bf 8$ *securities quoted on ASX (including the securities in clause 2 if applicable)

Number	+ Class

$+$ See chapter 19 for defined terms.

$\ddot{Q}$ Number and ⁺class of all *securities not quoted on ASX (including the securities in clause 2 if applicable)

+ Class

Dividend policy (in the case of a 10 trust, distribution policy) on the increased capital (interests)

Part 2 - Bonus issue or pro rata issue

• $\bar{1}$ $\mathbf{I}$ s security holder approval required?
• 12 Is the issue renounceable or nonrenounceable?
• Ratio in which the ⁺securities will 13 be offered
• ⁺Class of ⁺securities to which the 14 offer relates
• 15 +Record date determine $\mathfrak{t}$ entitlements
• 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
• 17 Policy for deciding entitlements in relation to fractions
• 18 Names of countries in which the entity has 'security holders who will not be sent new issue documents Note: Security holders must be told how their

entitlements are to be dealt with. Cross reference: rule 7.7.

19 Closing date for receipt acceptances or renunciations

⁺ See chapter 19 for defined terms.

Appendix 3B New issue announcement

20.	Names of any underwriters
21	Amount of any underwriting fee or commission
22.	Names of any brokers to the issue
23	Fee or commission payable to the broker to the issue
24	Amount of any handling fee brokers who lodge payable to acceptances or renunciations on behalf of *security holders
25.	If the issue is contingent on security holders approval, the date of the meeting
26.	Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled
27.	If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
28.	Date rights trading will begin (if applicable)
29	Date rights trading will end (if applicable)
30	How do *security holders sell their entitlements in full through a broker?
31	How do *security holders sell part of their entitlements through a broker and accept for the balance?

$+$ See chapter 19 for defined terms.

32 How do *security holders dispose of their entitlements (except by sale through a broker)?

33 ⁺Despatch date

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities $(iick one)$
• $(a)$

Securities described in Part 1

$(b)$

All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

(If the additional securities do not form a new class, go to 43)

Tick to indicate you are providing the information or documents

100,001 and over

35

If the "securities are "equity securities, the names of the 20 largest holders of the additional ⁺securities, and the number and percentage of additional ⁺securities held by those holders

36

If the *securities are *equity securities, a distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$ 10,001 - 100,000

37

A copy of any trust deed for the additional *securities

(now go to $43$ )

⁺ See chapter 19 for defined terms.

Entities that have ticked box 34(b)

Number of securities for which 38 8.571.426 ⁺quotation is sought 39 Class of ⁺securities for which \$0.25 options exercisable on or before 30 June quotation is sought 2004 40 Do the ⁺securities rank equally in all N₀ respects from the date of allotment with an existing ⁺class of quoted Upon exercise of the options into ordinary fully +securities? paid shares, the allotted and issued shares will rank equally in all respects with an existing If the additional securities do not class of quoted securities. rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number ⁺Class Fully Paid Ordinary 42 Number and ⁺class of all ⁺securities 99,193,913 quoted on ASX (including the Shares securities in clause 38) 17,445,005 Options exercisable at 20 cents on or before 31 December 2003. 8,571,426 \$0.25 options exercisable on $\alpha$ r before 30 June 2004

(now go to $43$ )

$+$ See chapter 19 for defined terms.

All entities

Fees

43	Payment method (tick one)
----	---------------------------	--	--	--	--

Cheque attached
Electronic payment made Note: Payment may be made electronically if Appendix 3B is given to ASX electronically at the same time.
Periodic payment as agreed with the home branch has been arranged Note: Arrangements can be made for employee incentive schemes that involve frequent issues of securities.

Ouotation agreement

• $\mathbf{f}$ *Quotation of our additional *securities is in ASX's absolute discretion. ASX may quote the 'securities on any conditions it decides.
• We warrant the following to ASX. $\overline{2}$
• The issue of the *securities to be quoted complies with the law and is not for $\bullet$ an illegal purpose.
• There is no reason why those *securities should not be granted *quotation.
• An offer of the "securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any "securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the "securities be quoted.
• We warrant that if confirmation is required under section 1017F of the $\bullet$ Corporations Act in relation to the ⁺securities to be quoted, it has been provided at the time that we request that the "securities be quoted.
• If we are a trust, we warrant that no person has the right to return the *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the *securities be quoted.

⁺ See chapter 19 for defined terms.

• $\overline{3}$ We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• $\overline{4}$ We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before *quotation of the 'securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

...................................... Sign here: (Director/Company secretary)

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Print name: ......Kent M Hunter....................................

• See chapter 19 for defined terms.

	SPREAD OF HOLDINGS	NOMBER OF SCLDERS	NUMBER OF UNITS	% OF TOYAL 1SSUE CAPITAL
$1 -$	1,000	٥	Ð	$0.000$ %
$1,001 -$	5,000	26	63,000	$0.735$ %
$5.001 -$	10.000	5	46.000	0.536%
$10,001 -$	100,000	12	764,284	$0.916$ %
	100.001 - 99999999999	15	7,698,142	99.811 %
	TOTAL	58	8, 571, 426	99.998 %

LOCALITY ANALYSIS

OVERSEAS		3	1,387,143	15.933 %
999 $1 - -$		٥	့	$0.000$ %
$-1999$ 1000		Q	$\Omega$	$0.000$ \$
2000 - 2998		Ö	ø	0.0008
$3000 - 3999$		ı	8,000	$0.093$ \$
- 4998 4000		ž.	2,000	$0.023 - 8$
5000 - 5998		ø	ø	$0.000$ \$
6000 - 6999		53	7,204,283	84.049 %
7550 - 7998		$\Omega$	Q	$0.000$ \$
8000 - 8999		ø	$\Omega$	$0.000$ \$
9000 - 9999		ΰ	û	$0.000$ %
	TOTAL	58	8,571,426	99.998 %

$\begin{tabular}{llllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll$

c------------------- CURRENT STATUS --------------------->				<-- LAST PRINT		$ >$
RAME *---S H A R E H O L D E R--- *			Total & Issue Cum Cum & Rank Units Capital — Units Capital			Total & Issue Units Capital	Onit - Change - Change	$\ddot{\mathbf{x}}$
1 CASOLA MANAGEMENT PTY LTD = 1,452,000 16.940 1,452,000 16.940 FO BOX 112 LEEDERVILLE WA 6007				$\sim$ $\Omega$	0	0.000	1,452,000 16.940
2 CAYES NOMINEES PTY LTD FO BOX 38 LEEDERVILLE WA 6902			1,150,000 13.416 2,602,000 30.356	Ο.	$\ddot{\mathbf{U}}$	0.000	1,150,000 13.416
3 FORBES LIMITED PO BOX 282 28 VICTORIA HOUSE DOUGLAS IM992DR ISLE OF MAR	857,143 10.000		3, 459, 143 40.356	$\ddot{\mathbf{0}}$	0	0.000	857,143 10.000
4 ASHWILD PTY ETD 10 OWSTON STREET MOSMAN PARK WA 6012	839, 143	9.790	4,298,286 50.146	$\mathbf{C}$	$-6-$	0.000	839,143 9.790
5 GROUP #19	496,572	5.816
CPA FINANCIAL SERVICES PTY LTD 498,572 FO BOX 249 FLOREAT WA 6014		5.816	4,796,858 55.962 0				0 0.000 498,572 5.816
6 GENTRY INVESTMENTS DTY LTD 498,000 PO BOX 112 LEEDERVILLE WA 6902		5.810	5, 294, 858 61.772 0		$-6$	$0.000$ .	499,000	5.910
7 GROUP #172	426.571	4.989
MRS JUNE VAN RENS 20 OBERON CLOSE DIANELLA WA 6059	428,571 4.999		5,723,429 66.771	$\mathbf{U}$	그 승규는 다	0.000	426,571 4.999
8 JEREMY JOHN BALSOCK 93 KILKENNY CIRCLE WATERFORD WA 6152	420,571	4.906	6,144,000 71.677	$\Omega$	- 0	0.900	420,571 4.906
9 GROUP #96	375,571	4.381
FURNACE TECHNOLOGIES PTY LTD 375, 571 PO BOX 141 APPLECROSS WA 6953		4.361	6,519,571 76.058	$\Omega$	$-0$	0.000	375,571 4.381
10 STEPHANE LAMOINE 8 RUE CHEVREUL 75011 PARIS FRANCE			350,000 4.083 6,869,571 80.141	$\ddot{\mathbf{U}}$	- 0	0.000	350,000	4.083
11 JADE KELLY 2 SODMIN AVENUE CITY BEACH WA 6015	257,143		$3.090 \t 7,126,714 \t 83.141 \t 0$		$-0$	$0.000 -$	257,143	3.000
12 JULIE-ANN CHIVERS 51 COLDWELLS STREET BICTON WA 6157	150,000	1.750	7, 276, 714 84.891	$\ddot{\mathbf{U}}$	$-6$	0.000	150,000	1.750
13 BERNARD LORICE HOFSTRASSE 142 8044 ZURICH SWITZERLAMD	150,000		1.750 7,426,714 86.641	$\alpha$		$0 \t 0.000$	150,000 1.750
14 JADE KRYSTLE KELLY 2 PENRYN AVENUE CITY BEACH WA 6015	142,857	1.666	7,569,571 88.307	$\ddot{\mathbf{U}}$		$0$ and $-$ 0.000 -	142,857 1.666

			INTERNATIONAL GOLDFIELDS LIMITED
- A C M + 095 047 920

TOP 20 HOLDERS REPORT

00 ID: BV 0ATE: 12/11/2003 PAGE: 3
CLASS: 5 IGL5 00300604/25

general classes and CURRENT STATUS concernations and sub-				$\lt\cdot$ - LAST PRINT		Contract Contract
RAME *- - - S H A R E H O L O E R - - - *	Total Unite	% Issue Capital	Cum Cum \$Rank Potal \$Tssue Units Capital			Units Capital	Unit Change Change	2
15 EVA SZODORAT 26/381 BARKER ROAD SUBTACO WA 6008			$128,571$ $1.499$ $7.698,142$ $89.806$ $0$ $0.000$				$128,571$ $1.499$
16 WURFETT INVESTMENTS PTY ETD 21 HAY SYREET SUBTACO WA 6008	100,000 1.166 7,798,242 90.972 0				COLLEGE		$0.000$ $100.000$ $1.166$
17 TIMMARIN HOSDINGS FTY LTD = = 100,000 = 1.166 = 7,898,142 = 92.138 = 0 = 0 = 0.000 = 100,000 = 1.166 PO BOX 199 VICTORIA PARK WA 6100
18 RIGHTIME INVESTMENT PTY LTD 16 WEELARA ROAD CITY BEACH WA 6015	85.714 0.999 7.983.856 93.137 0				a li		$0.000 = 85.714 = 0.999$
19 JULIE ARNE STANLEY 133 NORTH STREET SWANBOURNE WA 6010			85,714 0.999 8,069,570 94.136 0				$\Omega = \Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ , $\Omega$ ,
20 CHERYL CWYNNE 10 JAMESON STREET MOSMAN PARK WA 6012	64.286		$0.750$ $0.233,056$ $0.866$ $0$		$6 -$		$0.000$ $64.286$	0.750
	. .
TOTAL	8, 133, 856 94.886				$\circ$	0.000
	.				.