About Iron Mountain

Iron Mountain Mining Ltd (“Iron Mountain”) continued to explore and evaluate a number of highly prospective bauxite, iron ore and gold projects in Australia. During the June 2010 Quarter, Iron Mountain focussed primarily on the recently acquired Wandoo Bauxite Project where work completed included a maiden AC drilling program as well as the completion of historical data validation in preparation for the estimation of a total project resource. A detailed pisolitic soil sampling program to test for mineralising controls was planned for the Miaree Gold Project in preparation for execution in early July and the sale of the Mt Richardson Project to Cliffs Asia Pacific Iron Ore Pty Ltd was finalised on 13 July 2010. The location of company projects are shown in Figure 1 below.