Form of Proxy

LIONTOWN RESOURCES LTD

BD Client Code:

Client Name:

Number of Shares Held in a BD Nominee Company:

No.	Proposition		For	Against	Abstain
1	RATIFICATION OF PRIOR ISSUE OF INSTITUTIONAL PLACEMENT SHARES
2	APPROVAL TO ISSUE CONDITIONAL PLACEMENT SHARES TO CANMAX
3	APPROVAL TO ISSUE CONDITIONAL PLACEMENT SHARES TO CONDITIONAL PLACEMENT PARTICIPANTS