MGX RESOURCES LIMITED — Major Shareholding Notification 2007

Jul 30, 2007

			605 GUIDE	page 1/1 13 March 2000
		Form 605 Corporations Act 2001 Section 871B
	Notice of ceasing to be a substantial holder
To Company Name/Scheme		Mount Gibson fron Limited
ACN/ARSN	008 670 817
Details of substantial holder (1) 1.
Name ACN/ARSN (if applicable)	Shougang Holding (Hong Kong) Limited (Shougang)
The holder ceased to be a
substantial holder on		20/07/2007
The previous notice was given to the company on		02/05/2007
The previous notice was dated		02/05/2007

2. Changes in relevant Interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and riumber af securities affected	Person's votes affected
20/07/2007	Shougang	Shougang's relevant interest ceased by reason of its interest lin APAC Resources Limited falling below l20% d∪e to dilution following the issue of 665,000,000 shares by APAC on 20 July 2007.	N/A	150,083.521 Ordinary Shares	150,083.521

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) THE REAL PROPERTY ____	__ Nature of association ----- ____
	--- The Second Column 2
$- - - - -$ $\overline{ }$	-------- ---

4. Addresses

The addresses of persons named in this form are as follows:

Name .	----- Address
Shougang ___	7th Floor, Bank of Asia Harbour View Centre, 56 Gloucester Road, Wanchal, Hong Kong

Signature

capacity Company Secretary

$(7)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.