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MGX RESOURCES LIMITED Share Issue/Capital Change 2005

May 31, 2005

65331_rns_2005-05-31_dda3dcab-2ff5-441e-87c7-e76396837087.pdf

Share Issue/Capital Change

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VIA: WWW.ASX.ONLINE.COM

1 June 2005

ABN 87 008 670 817

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

PO Box 55, West Perth WA 6872

Telephone: 61-8-9485 2355 Facsimile: 61-8-9485 2305 E-mail: [email protected]

No. Pages $=$ 1

The Manager Company Announcements Australian Stock Exchange Limited Level 10, 20 Bond Street SYDNEY NSW 2000

SUBJECT: Release of Shares from Voluntary Escrow

Mount Gibson Iron Limited advises that 18,800,000 voluntarily escrowed Shares held by Sinom (Hong Kong) Limited will be released from escrow on 17 June 2005.

Yours sincerely, MOUNT GIBSON IRON LIMITED

$\mathcal{D}$

Angela Dent Company Secretary