Pallinghurst, Red Rock Resources Increase Jupiter Mines Stake

June 25, 2008

June 25th (Bloomberg) – Pallinghurst Resources LLP, the investment fund chaired by former BHP Billiton Ltd. Chief Executive Officer Brian Gilbertson, and its partner increased their stake in Australian iron-ore developer Jupiter Mines Ltd.

Pallinghurst and Red Rock Resources Plc raised their stake in Jupiter to 18 percent, London-based Red Rock said today in a statement distributed by the Regulatory News Service. Priyank Thapliyal, a Pallinghurst partner, has joined the Jupiter board.

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