Iron Road Limited (ASX:IRD) Update On VI Drilling Programme At Central Eyre Iron Project

Perth, June 7, 2011 AEST (ABN Newswire) - Iron Road Limited (ASX:IRD) is pleased to advise that Stage VI drilling at the Central Eyre Iron Project (CEIP) is proceeding as planned.

CEIP Summary

- The Stage VI drilling programme investigates the western extension of mineralization at Murphy South.

- One RC rig and two diamond drill rigs are drilling pre-collars and diamond tails respectively.

- Two complete traverses completed to date confirm the extension of Murphy South 1,000-1,200m west of the next nearest drill hole traverse (Stage V).

- On track to define a mineral resource estimate of considerable size and tonnage additional to the current 907Mt identified at Murphy South so far.

Progress to date

------------------------------------------------Hole Type    Metres Completed    Holes Completed                    (m)            (No.)------------------------------------------------RC (pre-collar)     3,916            49------------------------------------------------Diamond (tail)      5,794            18------------------------------------------------

The exploration target for Murphy South (western extension), across the 10 traverses designed for the Stage VI drilling programme, is 500-800Mt magnetite gneiss.

The Stage VI drilling programme comprises 66 diamond drill holes for over 25,000m. The geology intersected in all traverses thus far is consistent with expectations and confirms the extension of the Murphy South orebody in a westerly direction.

For the complete Iron Road announcement including figures, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/544428.pdf

Contact

Andrew Stocks Managing Director Iron Road Limited Tel: +61-8-9200-6020 Mob: +61-403-226-748 Email: astocks@ironroadlimited.com.au http://www.ironroadlimited.com.au