DREADNOUGHT RESOURCES LTD — Regulatory Filings 2008

Oct 23, 2008

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EROMANGA URANIUM LIMITED ACN 119 031 864

NOTICE OF ANNUAL GENERAL MEETING 2008

Notice is hereby given that the Annual General Meeting of Eromanga Uranium Limited (“Company”) will be held at 136 Greenhill Road Unley, SA, on Tuesday 25th November 2008 at 1:00 pm (Adelaide time).

AGENDA

ORDINARY BUSINESS

1 Financial Report

To receive and consider the Company’s financial statements and independent audit report for the year ended 30 June 2008.

The Annual Financial Report is available at http://www.eromangauranium.com/investors/reports/annual/ ero2008_financials.pdf

2 Adoption of Remuneration Report

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

‘That the Remuneration Report required by section 300A of the Corporations Act 2001, as contained in the Company’s Directors Report for the year ended 30 June 2008 be adopted.’

3 Re-election of Dr K J A Wills as a Director

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

‘That Dr K J A Wills being a director of the Company who retires by rotation pursuant to the Company’s constitution, and being eligible, is re-elected as a director of the Company.’

The Chairman will address the meeting and the Managing Director will give a presentation on the company’s activities.

At the conclusion of the meeting there will tea and coffee served and you are invited to stay and chat with the board and other shareholders.

By order of the Board

Richard W C Willson COMPANY SECRETARY

Dated this 15th Day of October 2008

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 s 127 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 Friday 21 November 2008. Accordingly, transactions registered after that time will be disregarded in determining entitlements to attend and vote at the meeting.

EXPLANATORY MEMORANDUM

Accompanying the Notice of Annual General Meeting to be held 25 November 2008

1 FINANCIAl REpORt

The Annual Financial Report together with the Director’s Report and Auditor’s Report will be laid before the meeting in accordance with section 317 of the Corporations Act 2001. 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.

The Annual Report is available at http://www.eromangauranium.com/investors/reports/ annual/ero_ar2008.pdf

2 ADOptION OF REmUNERAtION REpORt

The Remuneration Report of the Company for the financial year ended 30 June 2008 is included in the Director’s Report which forms part of the 2008 Annual Report of the Company. The Remuneration Report sets out the Company’s remuneration arrangements for its Directors, Officers and Senior Management.

The law requires that a resolution that the Remuneration Report be adopted, be put to the vote at the Company’s AGM. The vote is advisory only and does not bind the Directors or the Company.

3 RE-ElECtION OF DR K J A WIllS AS A DIRECtOR

The Company’s Board of Directors comprises four directors, three of these are Non-Executive Directors. The Company’s constitution requires one of these directors to retire at the meeting. A retiring director is eligible for re-election. Dr Wills is the Director that will retire at this years meeting. Dr Wills offers himself for re-election.

A brief description of Dr Wills follows:

Kevin John Anson Wills – ARSM, PhD, FAusIMM

A director since incorporation 29 March 2006. Dr Kevin Wills is a geologist with 31 years experience in multi commodity mineral exploration including uranium exploration, feasibility studies and mine operations in Australasia. Dr Wills spent seven years with CRA Exploration Pty Ltd, the highlight of which was involvement with the location and evaluation of the Argyle Diamond Deposit. Later, with Penarroya Australia Pty Ltd, his work led to an expansion of reserves at Thalanga and the discovery of the Waterloo base metals deposit.

In the late 1980s, Dr Wills was exploration manager with Metana Minerals NL. He built up a successful exploration team which extended known gold ore bodies and made new discoveries. In the early 1990s, Dr Wills was regional exploration manager with Dominion Mining Ltd, based in Adelaide. His work on the Gawler Craton led to the development of a calcrete sampling technique which, later on, was instrumental in the Challenger gold discovery.

Dr Wills is currently managing director of Flinders Mines Limited (since 2000) and Maximus Resources Limited (since 2004). He is a past chairman of the Adelaide Branch of the AusIMM and the Exploration Committee at the South Australian Chamber of Mines and Energy.

The other members of the Board unanimously support Dr Wills’ re-election.