ASX / MEDIA RELEASE 10 July 2008
MARKET UPDATE
India Resources Limited (ASX:IRL) advises that late today, and contrary to previous advice received from
Monarch Gold Mining Company Limited (ASX:MON) that it was working on a financial re-structure plan which
included the repayment to IRL of outstanding loans, Monarch has today announced the appointment of an
administrator to that company.
Notwithstanding this announcement, India will continue to pursue vigorously the repayment of the
outstanding loan amount of $3.5 million.
The board is currently assessing the impact of this development and will provide a further release shortly. In
the meantime, all business activities will continue as indicated in our earlier announcement today.
For more information, contact:
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