MGX RESOURCES LIMITED — Capital/Financing Update 2012

Nov 7, 2012

==> picture [95 x 58] intentionally omitted <==

==> picture [30 x 29] intentionally omitted <==

Mount Gibson Iron Limited ABN 87 008 670 817

First Floor, 2 Kings Park Road 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

Pages = 1

VIA: WWW.ASXONLINE.COM

8 November 2012

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

Options Lapse

Mount Gibson Iron Limited ( MGX ) confirms that the following unlisted options have lapsed.

Number of options	Exercise Price	Expiry Date
2,000,000	$1.10	24 October 2012

Yours sincerely, MOUNT GIBSON IRON LIMITED

==> picture [127 x 64] intentionally omitted <==

David Stokes Company Secretary