Fortbridge Media Release

Impact Minerals Ltd. [ASX:IPT] - Drill Programme Update: Mulga Tank Nickel Project W.A.

Highlights:

� Conductor 1: Down-hole EM survey identifies two significant undrilled conductors near Hole MTD004
� Conductor 2: MTD005 intersects 50 m thick zone of weak copper-zinc mineralization

Impact Minerals (ASX:IPT) is pleased to announce the results of on-going work at the Mulga Tank Project 200 km northeast of Kalgoorlie in Western Australia where the company is drill testing seven EM anomalies within E39/988.

The drill programme, which is in part funded by a $134,000 grant from the W.A. State Government, will comprise 4,000 m of reverse circulation and diamond drilling to test all seven targets.

Impact owns 20% of E39/988 and is earning a further 50% in joint venture with Golden Cross Resources Limited for 70% in total.

Impact is exploring for high grade nickel-copper sulphide deposits at the base of ultramafic rocks similar to those at the Rocky�s Reward and Perseverance Mines in WA.

To view the full announcement, please refer to the attachment.

For further information please contact:

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

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