IRON BEAR RESOURCES LTD — Share Issue/Capital Change 2020

Oct 6, 2020

ASX Release

7 October 2020

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Issue of Shares

Cape Lambert Resources Limited (ASX: CFE) ( Cape Lambert or the Company ) advises that 265,882,352 fully paid shares ( Shares ) have been issued pursuant to a placement as approved by shareholders at its extraordinary general meeting held on 6 October 2020 (resolution 8).

A completed Appendix 2A for today’s issue has been lodged together with this announcement.

Notice Under Section 708A(5)(e) of the Corporations Act 2001

In respect of the Shares, Cape Lambert gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ) of the following:

1. The Shares were issued without disclosure under Part 6D.2 of the Act;

2. As at the date of this notice, the Company has complied with: (a) the provisions of Chapter 2M of the Act as they apply to the Company; and

   • (b) section 674 of the Act; and

3. As at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

Announcement authorised for release by the board of Cape Lambert.

ENDS

For further information please contact:

Investor Relations

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@Cape_Lambert

+61 (0) 8 9380 9555 @Cape_Lambert ir@capelam.com.au cape-lambert-resources-limited

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Cape Lambert Resources Limited ABN 71 095 047 920

32 Harrogate Street, West Leederville WA 6007 Phone: +61 8 9380 9555 Email: admin@capelam.com.au

www.capelam.com.au