DREADNOUGHT RESOURCES LTD — Capital/Financing Update 2006

Oct 29, 2006

MARKET RELEASE

30 October 2006

EROMANGA URANIUM LIMITED

PRE-QUOTATION DISCLOSURE

Eromanga Uranium Limited was admitted to the Official List of Australian Stock Exchange Limited on Monday, 30 October 2006.

Official Quotation of the following securities will commence at 11:30 am E.D.S.T. on Tuesday, 31 October 2006.

The following information is released as pre-quotation disclosure.

• Distribution schedule Appendix 1A, paragraph 48. 1.
• $2.$ Top 20 holders.
• $\overline{3}$ . An updated statement of commitments based on funds actually raised under the Prospectus
• An updated pro-forma balance sheet based on funds actually raised $4.$ under the offer
• $\overline{\mathcal{L}}$ Number and escrow period of restricted securities.
• The full terms and conditions of the Employee Share Option Plan 6.
• The full terms and conditions of the different classes of options on 7. issue
• A statement confirming the completion of the Material Agreements, 8. outlining the status of ELAs and renewals held by the Company
• A statement providing an update on the status of ministerial 9. approval of the Material Agreements

• $10.$ A statement confirming the completion of the Share Sale Agreement and issue of securities to Maximus Resources Limited

• Constitution. 11.

• Appendix 1A, ASX Listing application and agreement. $12.$

Security Code: ERO

040220

Dion Silvy Adviser Issuers (Adelaide)

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