MGX RESOURCES LIMITED — M&A Activity 2006

Sep 27, 2006

Mount Gibson Iron Limited ACN 008 670 817 Company notice - subsection 650D(1) Corporations Act 2001 (Cth) Notice of variation – extension of offer period

To: Australian Securities and Investments Commission (ASIC): Aztec Resources Limited ACN 078 548 562 (Aztec); and Each person to whom offers were made under the takeover bid referred to in this notice.

Extension of Offer

Mount Gibson Iron Limited (Mount Gibson) gives notice under section 650D(1) of the Corporations Act 2001 (Cth) that:

• it varies its takeover offer dated 28 August 2006 (Offer) for all of the fully paid ordinary $\mathbf{1}$ . shares in the capital of Aztec, including those issued during the offer period, which is contained in its bidder's statement dated 11 August 2006 (Bidder's Statement) by extending the period during which the Offer will remain open so that the Offer will now close at 5.00pm (Perth, Western Australia time) on 13 October 2006; and
• $\overline{2}$ . the Offer is varied by:
• replacing "6 October 2006" with "13 October 2006" in section 12.2(a) of the $(a)$ Bidder's Statement: and
• replacing "28 September 2006" with "5 October 2006" in section 12.12 of the (b) Bidder's Statement.

Lodgement with ASIC

A copy of this notice was lodged with ASIC on 28 September 2006. ASIC takes no responsibility for the contents of this notice.

Date: 28 September 2006

Signed for and on behalf of Mount Gibson pursuant to a resolution passed by the directors of Mount Gibson

Harkin

Luke Tonkin Director

Alan Rule Director