Ironbark announces exploration success at Citronen October 29, 2008

Ironbark released today the summary of exploration at its 100%-owned Citronen zinc-lead project in Greenland during 2008. Results as released during the season have reinforced the company’s view that Citronen is a world class zinc-lead deposit with strong development potential.

A successful exploration campaign utilising 3 diamond drill rigs produced 11,229m and has resulted in total drilling to date within the deposit in excess of 45,000m from 181 drill holes. Exploration during 2008 utilised the new 40-man camp constructed at the end of the 2007 field season.

The company now has an extensive range of wholly owned capital equipment on site ready for further exploration, as well as sufficient fuel for a considerable ongoing exploration programme utilising 1-2 diamond drill rigs without a major mobilisation at the commencement of the 2009 season.

The full announcement contains more details, including drilling results and feasibility evaluation.

For further information, please contact:

Jonathan Downes
Managing Director
T: +61 8 6461 6350

or

James Moses
Fortbridge
T: +0420 991 574
E: james.moses@fortbridge.com