IRON ROAD LIMITED — Capital/Financing Update 2012

Aug 1, 2012

ASX Release and Media Announcement

2 August 2012

IRON ROAD AUDIO BROADCAST – $40M UNDERWRITTEN RIGHTS ISSUE

Iron Road Limited (Iron Road, ASX: IRD) is pleased provide the opportunity to listen to an audio broadcast with Managing Director Andrew Stocks, following the announcement of a fully underwritten rights issue to raise $40 million.

To listen, type the following link into your web browser: http://www.brrmedia.com/event/100160

The broadcast covers the following topics:

• Can you take us through some of the details of the Rights Issue and what the funds will be used for?

• How have the studies on your projects been progressing and what have you been working on over the last quarter? ( Starts at 48 seconds )

• You have made the point previously on head grade vs. grind size – why is this important and how does it make this project economic? (starts at 1m 54s)

• How do you see the iron ore price impacting future projects? (starts at 2m 31s)

-ENDS-

For further information, please contact:

Andrew Stocks Shane Murphy Managing Director Iron Road Limited FTI Consulting Tel: +61 8 8214 4400 Tel: +61 8 9485 8888 Mob: +61 (0)403 226 748 Mob: +61 (0)420 945 291 Email: astocks@ironroadlimited.com.au Email: shane.murphy@fticonsulting.com

Or visit www.ironroadlimited.com.au