Iron Road Limited (ASX:IRD) Central Eyre Iron Project Drilling Update Ending 10 September 2010

Perth, Sep 14, 2010 AEST (ABN Newswire) - Iron Road Limited (ASX:IRD) is pleased to advise that Stage V drilling at the Central Eyre Iron Project (CEIP) is proceeding to plan.

Central Eyre Iron Project

CEIP Summary

- Three diamond rigs continue drilling on the Stage 5 drilling programme at the Murphy South target area.

- To date 36 pre-collar RC and 13 diamond holes have been completed.

Progress for Period

------------------------------------------------------------Hole Type       Metres Completed (m)   Holes Completed (No.)                 PERIOD    TO DATE      PERIOD     TO DATE------------------------------------------------------------RC (pre-collar)   2,174     2,174        36         36------------------------------------------------------------Diamond           3,290     3,290        13         13------------------------------------------------------------

Iron Road's principal project is the Central Eyre Iron Project, South Australia. The wholly owned Central Eyre Iron Project is a collection of three iron occurrences (Warramboo, Kopi & Hambidge) with an exploration potential of 2.8-5.7 billion tonnes magnetite gneiss.

For the complete Iron Road announcement including figures, please refer to the following link:

http://www.abnnewswire.net/media/en/docs/63703-ASX-IRD-505160.pdf

Contact

Andrew Stocks Managing Director Iron Road Limited Tel: +61-8-9200-6020 Mob: +61-403-226-748 Email: astocks@ironroadlimited.com.au http://www.ironroadlimited.com.au