MGX RESOURCES LIMITED — Board/Management Information 2011

Feb 10, 2011

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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: admin@mtgibsoniron.com.au

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VIA: WWW.ASXONLINE.COM

11 February 2011

The Manager Company Announcements ASX Limited Level 10, 20 Bond Street SYDNEY NSW 2000

Dear Sir

APPOINTMENT OF ALTERNATE DIRECTOR

Please be advised that, with effect from today:

1. Mr Peter Curry has been appointed as an alternate director to Mr Lee Seng Hui on the board of Mount Gibson Iron Limited; and

2. Mr Robert Willcocks has ceased to be an alternate director to Mr Lee.

Yours sincerely

MOUNT GIBSON IRON LIMITED

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David Berg Company Secretary

For further information: Luke Tonkin or Alan Rule Mount Gibson Iron Limited +61-8-9426-7500 www.mtgibsoniron.com.au

David Griffiths Gryphon Management Australia +61 8 9382 8300 gryphon.net.au