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DREADNOUGHT RESOURCES LTD Capital/Financing Update 2008

Oct 19, 2008

64785_rns_2008-10-19_d8474aac-ca31-4c51-8d10-793e709110f8.pdf

Capital/Financing Update

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20 October 2008

The Manager ASX Limited Company Announcements

Dear Sir / Madam,

RELEASE OF RESTRICTED SECURITIES

Pursuant to ASX Listing Rule 3.10A, Eromanga Uranium Limited advises that the following Restricted Securities are due to be released from escrow on 31 October 2008. At 31 October 2008 the Company will apply to ASX for official quotation of the Ordinary Fully Paid Shares. The Options will be released from escrow but will remain unlisted.

These securities are held by the company’s initial investors and have been held in escrow for the past 24 months.

Restricted Securities Affected
Number Details of Security
62,107,143 Ordinary fully paid shares
26,535,714 Options to acquire shares at $0.30 at any time before 30 June 2011

Yours Sincerely,

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Richard W C Willson Company Secretary

62 Beulah Road PO Box 3126 Norwood Norwood South Australia South Australia 5067 5067

Eromanga Uranium Ltd ACN 119 031 864

telephone 61 8 8132 7970 facsimile 61 8 8132 7999 email [email protected] www.eromangauranium.com