MGX RESOURCES LIMITED — M&A Activity 2007

Feb 8, 2007

Mount Gibson Iron Limited

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

ARN 87 008 670 817

PO Box 55, West Perth WA 6872

Telephone: 61-8-9426-7500 Facsimile: 61-8-9485 2305 E-mail: admin@mtgibsoniron.com.au

9 February 2007

The Manager Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir

Compulsory acquisition of outstanding shares in Aztec Resources Limited

Mount Gibson Iron Limited (Mount Gibson) has now completed the compulsorily acquisition of the outstanding shares in Aztec Resources Limited (Aztec) which it did not already own.

Letters and claim forms are being dispatched to the former Aztec shareholders whose Aztec shares were acquired under that process. Former Aztec shareholders who complete and return the claim forms will then be issued with the consideration due to them

Yours faithfully MOUNT GIBSON IRON LIMITED

Jorkin

Luke Tonkin Managing Director