Buxton Resources Limited

Impact Minerals Limited (ASX:IPT) advises that Squadron Resources has decided to rotate its nominee director and therefore Felicity Gooding has resigned as a director of the Company. The Company would like to thank Felicity Gooding for her valuable contribution to Impact Minerals.

Australian Market Report of November 1, 2010 includes: Energia Minerals (ASX:EMX) launches new uranium drilling campaign in Western Australia; Aquila Resources Limited (ASX:AQA) iron ore project resource in West Pilbara increases to 927Mt; Tectonic Resources NL (ASX:TTR) is to acquire Mt Iron tenement and processing facility; Buxton Resources Limited (ASX:BUX) announced high-grade magnetite discovery in Western Australia.