DREADNOUGHT RESOURCES LTD — Regulatory Filings 2007

Apr 11, 2007

Rule 2, 7, 3, 10, 3, 3, 10, 4, 3, 10, 5

Appendix 3B

New issue announcement. application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

EROMANGA URANIUM LIMITED

ABN 40 119 031 864

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

$\mathbf{I}$ ⁺Class of ⁺securities issued or to be OPTIONS issued

• Number of ⁺securities issued or to $\mathcal{D}_{\mathcal{L}}$ 283,000 be issued (if known) or maximum number which may be issued
• 3 Principal terms of the ⁺securities (eg. if options, exercise price and expiry date: if partly paid *securities, the amount outstanding and due dates for payment; if *convertible securities. the conversion price and dates for conversion)

EXERCISE PRICE \$0.22 OPTIONS EXPIRING 20 MARCH 2012

⁺ See chapter 19 for defined terms.

4	Do the + securities rank equally in respects from the date of all allotment with an existing + class of quoted *securities?	N O OPTIONS WILL NOT BE QUOTED
	If the additional securities do not rank equally, please state: the date from which they do extent to which the they participate for the next dividend, of $(in$ the case trust, $\mathbf{a}$ distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment	EXISTING SHARES	SHARES ISSUED UPON EXERCISE OF OPTIONS WILL RANK EQUALLY WITH
5	Issue price or consideration	NIL
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	ISSUED TO EMPLOYEES AND	CONTRACTORS UNDER THE TERMS OF THE EMPLOYEE SHARE OPTION PLAN
7	Dates of entering *securities into uncertificated holdings Oľ despatch of certificates	10 APRIL 2007
8	fclass Number and οf all *securities quoted on ASX. (including the securities in clause 2 if applicable)	Number 61,339,203	*Class FULLY PAID ORDINARY SHARES

$+$ See chapter 19 for defined terms.

$\ddot{Q}$ Number and ^*class of *securities not quoted on A (including the securities in cla 2 if applicable)

	Number	+ Class
all	64, 103, 143	FULLY PAID ORDINARY
SХ		SHARES
use	26,785,714	30 CENT OPTIONS
		EXPIRING 30-6-2011
	283,000	22 CENT OPTIONS
		EXPIRING 20-3-2012

$\vert \downarrow$ Dividend policy (in the case of a $N/A$ trust, distribution policy) on the increased capital (interests)

Part 2 - Bonus issue or pro rata issue

• $\overline{11}$ security holder approval $\mathbf{s}$ required?
• $12$ Is the issue renounceable or nonrenounceable?
• $\overline{13}$ Ratio in which the "securities will be offered
• $\overline{14}$ ⁺Class of ⁺securities to which the offer relates
• *Record 15 date determine $10₁$ entitlements
• 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
• Policy for deciding entitlements in $17$ relation to fractions
• $18$ Names of countries in which the entity has *security holders who will not be sent new issue documents

Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.

19 Closing date for receipt $\mathsf{of}$ acceptances or renunciations

• See chapter 19 for defined terms.

Appendix 3B New issue announcement

20	Names of any underwriters
21	Amount of any underwriting fee or commission
22	Names of any brokers to the issue
23.	Fee or commission payable to the broker to the issue
24	of handling fee Amount any payable to brokers who lodge acceptances or renunciations on behalf of "security holders
25	If the issue is contingent on security holders approval, the date of the meeting
26	Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled
27	If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
28	Date rights trading will begin (if applicable)
29.	Date rights trading will end (if applicable)
30	How do *security holders sell their entitlements in full through a broker?
31	How do *security holders sell part of their entitlements through a broker and accept for the balance?

• 32 How do *security holders dispose of their entitlements (except by sale through a broker)?
• 33 *Despatch date

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities $(iick one)$ Securities described in Part 1 $(a)$ $(b)$ All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of conve

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

100,001 and over

35.	If the "securities are "equity securities, the names of the 20 largest holders of the additional "securities, and the number and percentage of additional "securities held by those holders
36	If the securities are equity securities, a distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$ $10,001 - 100,000$

37

A copy of any trust deed for the additional *securities

⁺ See chapter 19 for defined terms.

Entities that have ticked box 34(b)

• 38 Number of securities for which ⁺quotation is sought
• 39 Class of *securities for which quotation is sought
• 40 Do the *securities rank equally in all respects from the date of allotment with an existing ⁺class of quoted *securities?

If the additional securities do not rank equally, please state:

• the date from which they do
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
• $41$ Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

42 Number and *class of all *securities quoted on ASX (including the securities in clause 38)

Number	* Class

⁺ See chapter 19 for defined terms.

Ouotation agreement

• $\mathbf{I}$ *Quotation of our additional *securities is in ASX's absolute discretion. ASX may quote the *securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
• The issue of the 'securities to be quoted complies with the law and is not for $\bullet$ an illegal purpose.
• There is no reason why those *securities should not be granted *quotation.
• An offer of the "securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any "securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the *securities be quoted.
• If we are a trust, we warrant that no person has the right to return the *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the "securities be quoted.
• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim. action or expense arising from or connected with any breach of the warranties in this agreement.
• $\overline{4}$ We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before *quotation of the *securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

pwcwill

Sign here:

Date: 10^th April 2007

Print name:

Richard W C Willson - Company Secretary

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⁺ See chapter 19 for defined terms.