Fortbridge Media Release

Impact Minerals Ltd. [ASX:IPT] - Exploration Update: Mulga Tank Project

Highlights:

� Further extensive nickel and copper mineralisation discovered in last 3 drill holes
� Six targets tested, with significant nickel and copper found at three targets and lesser mineralisation at the other three
� Significant follow-up work required throughout the project area

The final three drill holes of Impact Minerals Limited maiden drill programme at the Mulga Tank Project have continued to demonstrate the presence of widespread nickel and copper mineralisation close to and within the Mulga Tank Dunite and covering an area of about 15 sq km within E39/988 (Impact 20% and earning a further 50% from Golden Cross Resources Limited).

Impact has now completed 8 drill holes (MTD004-MTD011) to test six targets which comprise five ground electromagnetic (EM) anomalies with coincident soil geochemical anomalies (Conductors 1 to 5) and one further soil geochemical anomaly (Figure 1 and Tables 1 and 2 attached).

Significant nickel and/or copper mineralisation has been found at three of the targets and lesser mineralisation has been found at the other three. Follow up work including drilling is required at all six targets.

All relevant samples have been sent for assay with results expected throughout January. A summary of the key technical findings of the entire drill programme will be provided in the next Quarterly Report.

To view the full announcement please refer to the attachment.

For further information please contact:

Dr. Michael G. Jones
Managing Director
T +61 (8) 6454 6666
F +61 (8) 6454 6667

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