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DREADNOUGHT RESOURCES LTD Regulatory Filings 2007

May 30, 2007

64785_rns_2007-05-30_af258803-5973-4e5a-b784-52f2b934d7be.pdf

Regulatory Filings

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ALLSTRAL LAN STOCK FXCHANGE Announcement

31 May 2007 The Manager Companies Announcements Office Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

EXPLORATION UPDATE

The Airborne EM surveys (AEM) over the Billa Kalina and Abminga Projects have been delayed due to a combination of inclement weather conditions and equipment malfunctions with the new REPTEM system supplied by Geosolutions Pty Ltd. Additional constraints have been placed on aircraft movements in the Billa Kalina area by the Commonwealth during the period 3rd to 9th June 2007 inclusive. As a result of these events the company does not envisage the AEM programs will recommence before mid to late June 2007.

Whilst these delays are unfortunate the management of Eromanga Uranium Limited does not believe that they will have any material impact on our overall exploration effort at these two projects.

The deep diamond drill program at the Billa Kalina Gravity Anomaly remains on target, with drilling scheduled to commence on the 11th June 2007.

Mr Kevin Lines MANAGING DIRECTOR

31 May 2007

For further information please contact Kevin Lines on 08 8132 7970 or 0419 801010

Further information relating to Eromanga Uranium Limited and its various exploration projects can be found on the Eromanga website: www.eromangauranium.com

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Kevin Lines who is a Member of the Australasian Institute of Mining and Metallurgy. and who has sufficient experience relevant to the style of mineralisation, the type of deposit under consideration, and the activity he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration results, Mineral Resources and Ore Reserves (the 10RC Code) This report is issued in the form and context in which it appears with the written consent of the Competent Person, who is Managing Director of the Company.

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 [email protected]

web www.eromangauranium.com