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MGX RESOURCES LIMITED Board/Management Information 2007

Feb 22, 2007

65331_rns_2007-02-22_ef8598eb-4af4-4378-9099-6bbe105f274a.pdf

Board/Management Information

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Mount Gibson Iron Limited

ABN 87 008 670 817

First Floor, 7 Havelock Street West Perth 6005, Western Australia

PO Box 55, West Perth WA 6872

Telephone: 61-8-9426-7500 Facsimile: 61-8-9485 2305

E-mail: [email protected]

Pages $= 1$

23 February 2007

VIA: WWW.ASX.ONLINE.COM

The Manager Company Announcements Australian Stock Exchange Limited Level 10, 20 Bond Street SYDNEY NSW 2000

APPOINTMENT OF DIRECTOR

Mount Gibson Iron Limited (ASX Code: MGX) today announced the appointment of Mr Peter Ross Bilbe as a non executive director of the Company.

Peter is a Mining Engineer with more than 30 years experience in operational and corporate roles both in Australia and overseas. Peter was previously the Managing Director of Aztec Resources Limited. Peter's appointment increases the Board of Directors of Mount Gibson Iron to eight members and takes effect immediately.

Chairman of Mount Gibson Iron Mr Bill Willis said, "On behalf of all shareholders and my fellow directors, I welcome Peter to the Board".

Yours sincerely, MOUNT GIBSON IRON LIMITED

Luke Tonkin Managing Director

Enquiries:

Mr Luke Tonkin Managing Director Telephone: 61 8 9426-7500 Email: [email protected]

Mr Alan Rule $\alpha$ r

Finance Director