Ironbark Zinc Limited ('Ironbark', 'the Company' or 'IBG') is pleased to update its shareholders with respect to the project financing plan forits 100% owned Citronen Zinc-Lead Project in Greenland ('Citronen' or 'the Project').

Ironbark has completed execution of a Letter of Interest ('LOI') with the Export Import Bank of the United States ('EXIM'), the official export credit agency of the United Statesfederal government.

While the LOI is non-binding and does not represent an official commitment from EXIM, Ironbark views it as an important step in advancing a project financing plan for the development of the world class Citronen zinc/lead deposit. The execution of this LOI representsthe culmination of initial discussions between the parties in which the representatives of EXIM were made familiar with the project and Ironbark's proposed development plans.

Contact:

Tel: +61 8 6146 5325

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