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

Perth, July 5, 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 Murphy South.

- Three diamond drill rigs drilling diamond tails to be supplemented by a fourth drill rig.

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

- Programme ~65% complete and on track to define a mineral resource estimate of considerable size and tonnage additional to the current 1.01Bt identified at Murphy South.

Progress to date

----------------------------------------------Hole Type   Metres Completed   Holes Completed                  (m)               (No.)----------------------------------------------RC (pre-collar-     5,078          63all complete)----------------------------------------------Diamond (tail)      8,596          32----------------------------------------------

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 64 diamond drill holes for over 25,000m. Cross-sections of traverses E and F are presented below. 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.

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