MGX RESOURCES LIMITED — M&A Activity 2006

Sep 27, 2006

Mount Gibson Iron Limited ACN 008 670 817 Company notice – paragraph 630(2)(b) Corporations Act 2001 (Cth) New date for giving the notice of the status of conditions

To: Aztec Resources Limited ACN 078 548 562 (Aztec); and Australian Stock Exchange Limited

For the purposes of paragraph $630(2)(b)$ of the Corporations Act 2001, Mount Gibson Iron Limited (Mount Gibson) gives notice that:

• $\mathbf{1}$ . the offer period relating to the offer by Mount Gibson for all of the fully paid ordinary shares in Aztec, including those issued during the offer period (Offer), which Offer is contained in a bidder's statement dated 11 August 2006 (Bidder's Statement), has been extended so that it is now scheduled to close at 5.00pm (Perth, Western Australia time) on 13 October 2006:
• $\overline{2}$ . the new date for giving notice of the status of the conditions to the Offer, as required by subsection 630(3) of the Corporations Act 2001, is 5 October 2006; and
• 1. as at the date of this notice:
• Mount Gibson has freed the Offer from the condition set out in clause 12.8(i) $(a)$ (share price decline condition) of its Bidder's Statement; and
• $(b)$ so far as Mount Gibson is aware, with the exception of the condition in clause 12.8(a) (Foreign Investment Review Board approval) of its Bidder's Statement, no other conditions have been fulfilled.

Date: 28 September 2006