ann out high grade drill results from majestic, page-2

Excellent drilling results. Some nice wide intersections with good grades:

• 40.80 metres at 3.46 g/t gold
• 10.12 metres at 9.65 g/t gold including
o 0.60 metres at 143.37 g/t gold
• 10.00 metres at 9.52 g/t gold
• 14.00 metres at 6.36 g/t gold
• 14.64 metres at 6.06 g/t gold
• 23.00 metres at 2.68 g/t gold including
o 7.00 metres at 5.12 g/t gold
• 2.93 metres at 20.40 g/t gold and
• 19.00 metres at 2.46 g/t gold

In addition, geotechnical diamond drill holes IMD038 and IMD039 drilled obliquely towards the south and
west respectively have also returned significant intercepts including:

• 23.30 metres at 8.56 g/t gold including
o 1.80 metres at 49.46 g/t gold
• 24.62 metres at 3.94 g/t gold including
o 1.82 metres at 19.74 g/t gold

Importantly, in today's ASX release IGR also told us that the "continuity of the deposit down dip of the current pit shell" was confirmed:

"Results, including 9m at 2.86 g/t gold from 142.2m in hole IMD053 and 14.64m at 6.06g/t gold from
160.84m in hole IMD057 in the south west of the deposit confirm the continuity of the deposit down dip of
the current pit shell, immediately beneath the western porphyry dyke. A diamond drill program to test for
Majestic deeps has been planned and it is anticipated that drilling will commence in early 2012."