DREADNOUGHT RESOURCES LTD — AGM Information 2009

Oct 22, 2009

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23 October 2009

The Manager Company Announcements Office Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

Notice of Annual General Meeting and Proxy Form

Please find attached for release to the market the 2009 Notice of Annual General Meeting and Proxy Form for Eromanga Uranium Limited.

The Notice of Annual General Meeting and personalised Proxy Form have been sent to all shareholders.

The 2009 Annual Report has also be sent by post to those shareholders who have previously elected to receive a hard copy Annual Report.

An electronic copy of the 2009 Annual Report is available on the Company’s website at: www.eromangauranium.com/investors/reports/annual/ero2009ar.pdf.

Yours faithfully

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D W Godfrey Company Secretary

PO Box 3126 Norwood 5067 South Australia

Eromanga Uranium Ltd ABN 40 119 031 864

62 Beulah Road

telephone 61 8 8132 7970 facsimile 61 8 8132 7999 email info@eromangauranium.com

Norwood 5067 South Australia

Notice of Annual General Meeting

Eromanga Uranium Limited (Company) gives notice that its Annual General Meeting will be held at Enterprise House, 136 Greenhill Road, Unley, South Australia on Wednesday, 25 November 2009 at 9.30am (Adelaide time).

AGENDA

Ordinary business

1 Annual Financial Report

To receive and consider the Company’s financial report and the directors’ and auditors’ reports for the year ended 30 June 2009.

The Company’s 2009 Annual Report is now available at:

www.eromangauranium.com/investors/reports/annual/ero2009ar.pdf.

2 Adoption of Remuneration Report

To consider, and put the following resolution to a non-binding advisory vote:

“That the Remuneration Report required by section 300A of the Corporations Act 2001 (Cth), as contained in the Company’s Directors Report for the year ended 30 June 2009 be adopted.”

3 Re-election of Mr Ewan Vickery as director

To consider, and if thought fit, pass the following resolution as an ordinary resolution:

“That Mr E J Vickery being a director of the Company who retires by rotation pursuant to clause 47.1 of the Company’s constitution, and being eligible, is re-elected as a director of the Company.”

Special business

4 Change of Company Name and Amendment of Constitution

To consider, and if thought fit, pass the following resolution as a special resolution:

“That in accordance with sections 157 and 136(2) of the Corporations Act, the name of the Company be changed to “ERO Mining Limited” and that the Company modify its constitution by substituting all references to “Eromanga Uranium Limited” with “ERO Mining Limited”, with effect from the date details of the Company’s registration are modified by the Australian Securities & Investments Commission to reflect the change of name.”

Other business

5 To transact any further business that may be lawfully brought forward.

Further information regarding the business to be transacted at the Annual General Meeting is set out in the accompanying Explanatory Memorandum. This Notice should be read in conjunction with the accompanying Explanatory Memorandum, which forms part of this Notice.

By Order of the Board

David Godfrey Company SeCretary

23 October 2009

Eromanga Uranium Limited ACN 119 031 864 | 62 Beulah Road Norwood South Australia 5067 | PO Box 3126 Norwood South Australia 5067 Phone 61 8 8132 7970 | Fax 61 8 8132 7999 | Email info@eromangauranium.com | web www.eromangauranium.com

Notes

A member entitled to attend and vote at the meeting may appoint a proxy to attend and vote on the member’s behalf. If the member is entitled to cast two or more votes at the meeting, the member may appoint up to two proxies to attend and vote on the member’s behalf.

If a member appoints two proxies, each proxy must be appointed to represent a specified proportion or number of the member’s votes. Absent this specification, each proxy will need to exercise half the votes.

A proxy need not be a member of the Company.

To appoint a proxy, a proxy form must be signed by the member or the member’s attorney duly authorised in writing. If the member is a corporation, the proxy form must be signed in accordance with s127 of the Corporations Act 2001 (Cth).

To be effective, a proxy form (and, if it is signed by an attorney, the authority under which it is signed or a certified copy of the authority) must be received by the Company not later than 48 hours prior to the commencement of the meeting. Proxy forms and authorities may be sent to: Computershare Investor Services Pty Ltd, GPO Box 242, Melbourne VIC 3001 or to the Company’s registered office, 62 Beulah Road, Norwood SA 5067, or by facsimile to Computershare on 1800 783 447 or to the Company on + 61 8 8132 7999.

Members who forward their proxy forms by fax must make available the original executed form of the proxy for production at the meeting, if called upon to do so.

For the purpose of the meeting, shares in the Company will be taken to be held by those persons who are registered holders at close of business on 23 November 2009. Accordingly, transactions registered after that time will be disregarded in determining entitlements to attend and vote at the meeting.

Custodian Voting

For Intermediary Online subscribers only (Custodians), please visit www.intermediaryonline.com to submit your voting intentions.

Explanatory memorandum accompanying notice of Annual General Meeting of Eromanga Uranium Limited (“Company”) to be held on 25 November 2009

1 Annual Report

The Annual Financial Report together with the Directors’ Report and Auditor’s Report will be laid before the meeting in accordance with section 317 of the Corporations Act 2001 (Cth) (Corporations Act). Members will be given the opportunity to ask questions or make comments about the management of the Company and may also ask questions of the Auditor’s representative relevant to the conduct of the audit and preparation and content of the Auditor’s Report.

The Annual Report has not been sent to members unless the member has specifically requested a printed copy.

2 Adoption of Remuneration Report

In accordance with section 250R of the Corporations Act, the Company submits to shareholders for consideration and adoption by way of a non binding resolution its Remuneration Report for the year ended 30 June 2009.

The Remuneration Report is a distinct section of the Directors’ Report that deals with the remuneration of directors and key management personnel of the Company and can be located on pages 23 to 25 of the Eromanga Uranium Limited 2009 Annual Report and also on the Company’s website at: www.eromangauranium.com/investors/reports/annual/ero2009ar.pdf.

The Remuneration Report includes details of the Company’s remuneration arrangements for its Directors, officers and senior management.

Although the vote on this resolution is advisory only, and does not bind the directors or the Company, the discussion

on this resolution and the outcome of the vote will be taken into consideration by the directors when considering the remuneration arrangements of the Company.

Shareholders will be given reasonable opportunity at the meeting to discuss the report.

The Directors recommend shareholders vote in favour of the resolution. The Chairman intends to vote undirected proxies in favour of the resolution.

3 Re-Election of Mr E J Vickery

The Company’s board of Directors comprises of three directors. The Company’s constitution requires one of these directors (other than the managing director) to retire at the meeting. A retiring director is eligible for re-election.

Also, pursuant to ASX Listing Rule 14.4, a director must not hold office (without re-election) past the third annual general meeting following the director’s appointment or three years, whichever is longer.

The director that is to retire is Mr E J Vickery who has indicated that he will offer himself for re-election by members at the meeting.

A brief summary of Mr Vickery’s qualifications and experience is as follows:

E J Vickery

Mr Vickery is a corporate and business lawyer with over 30 years experience in private practice in Adelaide. He has acted as an advisor to companies on a variety of corporate and business issues including capital and corporate restructuring, native title and land access issues, and as lead native title advisor and negotiator for numerous mining and petroleum companies. Mr Vickery has been a director since incorporation in 2006 and is the Chairman of the Audit Committee.

Mr Vickery is also a director of Flinders Mines Limited and Maximus Resources Limited. He is a member of the Exploration Committee of the South Australian Chamber of Mines and Energy Inc, the International Bar Association Energy and Resources Law Section, the Australian Institute of Company Directors and is a past national president of Australian Mining and Petroleum Law Association (AMPLA Limited).

The Directors recommend shareholders vote in favour of the resolution. The Chairman intends to vote undirected proxies in favour of the resolution.

4 Change of company name and amendment to constitution

In order to re-brand the Company to better align with the change of focus away from purely uranium exploration and more towards exploration and development of gold and other minerals, the Directors recommend changing the name of the Company to “ERO Mining Limited”. No change of the ASX ‘ticker code’ will be necessary, thus avoiding possible confusion in the market.

Section 157(1) of the Corporations Act provides that a Company may, by special resolution passed in general meeting, change its name. In accordance with s 157(1) of the Corporations Act the Company seeks shareholder approval to change its name to “ERO Mining Limited”.

Section 136(2) of the Corporations Act provides that a Company may, by special resolution passed in general meeting, modify its constitution. In accordance with s 136(2) of the Corporations Act the Company also seeks shareholder approval for the Company to amend its constitution by replacing all references to “Eromanga Uranium Limited” with “ERO Mining Limited”.

The Directors recommend shareholders vote in favour of the resolution. The Chairman intends to vote undirected proxies in favour of the resolution.

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Lodge your vote:

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By Mail:

Computershare Investor Services Pty Limited GPO Box 242 Melbourne Victoria 3001 Australia

Alternatively you can fax your form to (within Australia) 1800 783 447 (outside Australia) +61 3 9473 2555

000001 000 ERO MR SAM SAMPLE FLAT 123 123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

For Intermediary Online subscribers only (custodians) www.intermediaryonline.com

For all enquiries call:

(within Australia) 1300 652 385 (outside Australia) +61 3 9415 4000

Proxy Form How to Vote on Items of Business Signing Instructions All your securities will be voted in accordance with your directions. Individual: must sign. Appointment of Proxy Joint Holding: Voting 100% of your holding: Direct your proxy how to vote by the securityholders should sign. marking one of the boxes opposite each item of business. If you do Power of Attorney: not mark a box your proxy may vote as they choose. If you mark more than one box on an item your vote will be invalid on that item. Companies: Voting a portion of your holding: Indicate a portion of your voting rights by inserting the percentage or number of securities you wish to vote in the For, Against or Abstain box or boxes. The sum of the votes cast must not exceed your voting entitlement or 100%. Appointing a second proxy: You are entitled to appoint up to two proxies to attend the meeting and vote on a poll. If you appoint two proxies you must specify the percentage of votes or number of Attending the Meeting securities for each proxy, otherwise each proxy may exercise half of the votes. When appointing a second proxy write both names and the percentage of votes or number of securities for each in Step 1 overleaf.

For your vote to be effective it must be received by 9:30am (Adelaide Time) Monday 23 November 2009

Individual: Where the holding is in one name, the securityholder must sign.

Joint Holding: Where the holding is in more than one name, all of the securityholders should sign. Power of Attorney: If you have not already lodged the Power of Attorney with the registry, please attach a certified photocopy of the Power of Attorney to this form when you return it. Companies: Where the company has a Sole Director who is also the Sole Company Secretary, this form must be signed by that person. If the company (pursuant to section 204A of the Corporations Act 2001) does not have a Company Secretary, a Sole Director can also sign alone. Otherwise this form must be signed by a Director jointly with either another Director or a Company Secretary. Please sign in the appropriate place to indicate the office held.

Attending the Meeting

Bring this form to assist registration. If a representative of a corporate securityholder or proxy is to attend the meeting you will need to provide the appropriate “Certificate of Appointment of Corporate Representative” prior to admission. A form of the certificate may be obtained from Computershare or online at www.computershare.com.

A proxy need not be a securityholder of the Company.

Comments & Questions: If you have any comments or questions for the company, please write them on a separate sheet of paper and return with this form.

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Turn over to complete the form

View your securityholder information, 24 hours a day, 7 days a week:

www.investorcentre.com

Your secure access information is:

Review your securityholding

SRN/HIN: I9999999999

Update your securityholding

PLEASE NOTE: For security reasons it is important that you keep your SRN/HIN confidential.

916CR_0_Sample_Proxy/000001/000001/i

MR SAM SAMPLE FLAT 123 123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

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I9999999999
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Change of address. If incorrect, mark this box and make the correction in the space to the left. Securityholders sponsored by a broker (reference number commences with ’ X ’) should advise your broker of any changes.

I 9999999999

I ND

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Proxy Form

Please mark

to indicate your directions

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Appoint a Proxy to Vote on Your Behalf

XX

I/We being a member/s of Eromanga Uranium Limited hereby appoint

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the Chairman OR of the meeting

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PLEASE NOTE: Leave this box blank if you have selected the Chairman of the Meeting. Do not insert your own name(s).

or failing the individual or body corporate named, or if no individual or body corporate is named, the Chairman of the Meeting, as my/our proxy to act generally at the meeting on my/our behalf and to vote in accordance with the following directions (or if no directions have been given, as the proxy sees fit) at the Annual General Meeting of Eromanga Uranium Limited to be held at Enterprise House, 136 Greenhill Road, Unley, South Australia, 5061 on Wednesday 25 November 2009 at 9:30am (Adelaide time) and at any adjournment of that meeting.

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PLEASE NOTE: If you mark the Abstain box for an item, you are directing your proxy not to vote on your

Items of Business

behalf on a show of hands or a poll and your votes will not be counted in computing the required majority.

• ORDINARY BUSINESS 2 Adoption of Remuneration Report 3 Re-elect Mr Ewan Vickery as Director SPECIAL BUSINESS 4 Change of Company Name and Amendment of Constitution

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The Chairman of the Meeting intends to vote undirected proxies in favour of each item of business.

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Signature of Securityholder(s) This section must be completed.

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Individual or Securityholder 1 Securityholder 2 Securityholder 3
Sole Director and Sole Company Secretary Director Director/Company Secretary
Contact
Contact Daytime
Name Telephone Date / /
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