ASX Release and Media Announcement 2 November 2012

IRON ROAD STRENGTHENS BOARD AND EXECUTIVE TEAM Iron Road Limited (Iron Road, ASX: IRD) is pleased to announce the appointment of Mr Leigh

Hall AM, to the Board of Directors.
Mr Hall is a highly experienced company director, with a strong background in finance and investment from a career spanning senior executive positions at AMP, membership of a range of investment oversight boards, board positions at securities industry organisations, and significant participation in government advisory boards related to the securities, corporate law, managed funds and superannuation sectors.
The Company is also pleased to announce Mr Aaron Deans will join Iron Road's executive ranks as Project Manager, as the company continues to develop the Central Eyre Iron Project towards a
20Mtpa production rate. Mr Deans is a Project/Construction Manager with over 25 years'
experience in all facets of the Mining and Construction industry.
Mr Dean's most recent roles include Onshore Construction Manager of BHP Billiton's $1.6 billion Macedon Gas Project, Mine Construction Lead (Definitive Phase Study) for the FAST joint venture at BHP Billiton's $4 billion RGP 6 mine project and Construction Manager (Owner's team) for Worley Parsons on behalf of Fortescue Metals Group's $7 billion Heng Shan Expansion. Previous experience spans Leighton Contractors, Rio Tinto, BHP-Billiton, nickel, iron ore and the power generation sectors.
Iron Road's Chairman, Mr Peter Cassidy, welcome the additional skills and experience Mr Leigh
Hall would bring to the Board.

"Leigh has an exceptional track record, from his exemplary career in asset management at AMP, through to his contributions to a range of public companies, industry commission and government advisory boards. I welcome the additional insight and experience Leigh will bring to our Board," said Mr Cassidy.
"Leigh is also a Director of Funds SA, which invests over $18 billion on behalf of South Australia's public sector superannuation funds and approved public authorities, so he well understands the home state for our projects."
Iron Road's Managing Director, Mr Andrew Stocks said that the appointment of Mr Deans as Project Manager will contribute extensively to ensuring the successful delivery of the Definitive Feasibility Study for the Central Eyre Iron Project through to construction and commissioning.
"The Central Eyre Iron Project is a significant endeavour and South Australia's largest proposed iron ore development. Aaron's experience in the delivery of similar large scale projects will stand us in good stead as we continue the transition from project developer to iron ore producer," said Mr Stocks.

GPO Box 1164, Adelaide, South Australia, 5001 • T +61 (8) 8214 4400 • F +61 (8) 8214 4440

admin@ironroadlimited.com • www.ironroadlimited.com.au • ABN: 51 128 698 108

About Leigh Hall

Until his retirement, Mr Hall was Deputy Managing Director of AMP Asset Management Australia Limited. At various times at AMP, Mr Hall had responsibility for asset allocation, private capital and marketable securities. Mr Hall is a Member of the Order of Australia, with a citation for service to business and commerce, in particular to the improvement of ethical and professional standards and the efficiency of the Australian securities markets. Mr Hall is also a Fellow of the Institute of Chartered Accountants in Australia and a Fellow of the Australian Institute of Company Directors
Mr Hall's current positions include: