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TALONX RESOURCES LIMITED Share Issue/Capital Change 2007

Mar 14, 2007

65972_rns_2007-03-14_88df0a37-38db-4a2c-b9eb-269d0ad1c779.pdf

Share Issue/Capital Change

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MOUNT BURGESS MINING N.L.

ACN: 009 067 476

Level 4, 109 St Georges Terrace, Perth, Western Australia, 6000 PO Box Z5301, St Georges Terrace, Perth, Western Australia, 6831 Telephone: (61 8) 9322 6311 Email: [email protected] Facsimile: (61 8) 9322 4607 Website: www.mountburgess.com

15 March 2007

The Australian Stock Exchange Limited Company Announcements Office 10th Floor 20 Bond Street Sydney NSW Australia

EMPLOYEE SHARE OPTION PLAN

The Company wishes to advise that in accordance with Clause 11.2(3) of its Employee Share Option Plan, whereby an option held by an Eligible Employee immediately lapses upon:

" the Eligible Employee ceasing to be an Eligible Employee and not exercising the Option within 30 days following that event, unless a longer period is otherwise determined by the Directors"

the following will apply:

Options Lapsing

ASX Ref MTBAK 500,000 Options (expiry date 31 December 2011)

These options have not been exercised and have now expired.

Jan Forrester Company Secretary