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

Perth, Sep 27, 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 complete.

CEIP Summary

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

- A total of 64 holes were drilled for 26,884m with processing of diamond core on track to meet the mineral resource estimation deadline.

- Geotechnical drilling programme for 1,890m has commenced over the same area.

- Indications are that a mineral resource estimate of considerable size and tonnage will be defined additional to the current 1.01Bt already identified at Murphy South.

Progress to date---------------------------------------------------Hole Type       Metres Completed    Holes Completed                       (m)              (No.)---------------------------------------------------RC (pre-collar       5,078               64- all complete) ---------------------------------------------------Diamond (tail-       21,806              64all complete)---------------------------------------------------

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 26,884m. Cross-sections of traverses A, B, C, D, E, F, G, H, I and J are presented below. The geology intersected in all traverses is consistent with interpretations from inversion modelling of high resolution aeromagnetic surveys. A general thickening of the sequence occurs eastwards.

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